A NEW ERA OF WEALTH MANAGEMENT

摘要

The good news for the wealth management business is that the world has a lot more wealthy people. The challenge, however, is keeping them well served in a low-interest environment where finding good returns can be difficult. On top of that, there are the hurdles of complying with a plethora of new regulations and meeting the demands of the digital age. Small wonder, then, that Vincent Lecomte, co-chief executive of wealth management for BNP Paribas, talks about "entering a new era in wealth management" and one in which "there will be more wealthy people and fewer banks to serve them [as a result of consolidation]".