GPB-Q32020-Cover-FIN

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Whoever emerges victorious in the US presidential elections will become the chief architect and implementer of the US foreign policy and with that, issues around trade, climate change, artificial intelligence and global democracy will come to fore. China is a key stakeholder in all these issues too. And if any progress will have to be made for the benefit of the global population, it is essential for these two superpowers to come to terms.

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Digitisation in wealth management is on the uptick even as clients call for more human touch

Against the backdrop of, probably, the most contentious elections in US history, is the rising tension between two great powers – the United States and China. Whoever emerges victorious in the US presidential elections will become the chief architect and implementer of the US foreign policy and with that, issues around trade, climate change, artificial intelligence and global democracy will come to fore. China is a key stakeholder in all these issues too. And if any progress will have to be made for the benefit of the global population, it is essential for these two superpowers to come to terms.

For the private banking industry, a closer collaboration between nations is always an ideal scenario. However, whether that will happen soon or in some distant future is anyone’s guess.  For now, the focus should certainly be on the bright spots. For instance, sustainability is on the rise and funds within the environmental, social and governance (ESG) principles are performing better, even during the pandemic. Moreover, digitisation in wealth management is on the uptick even as client engagement call for more human touch. You can read more about these including our Special Report on the needs and preferences of Asia’s next generation of wealth holders in this latest issue of the magazine.

Lastly, we would like to extend our heartfelt thanks to the moderators, speakers, panellists and everyone who took part in the inaugural Global Retail Banking Innovation Virtual Summit. Your time and tremendous support have made this event a resounding success. We look forward to more collaborations with you very soon.