Pictet targets Asia's ageing entrepreneurs

[SINGAPORE] The private banking industry in Asia is at an inflexion point, driven by the region's ageing entrepreneurs who are looking for sustainable returns for their wealth, said Anuj Khanna, Bank Pictet chief executive, South Asia wealth management.

"There is a kind of shifting taking place," said Mr Khanna in a recent interview with The Business Times.

One of the trends for the industry is demographics, how the ageing of the regional entrepreneurs is changing the way they look at wealth management.

And the challenge is to get these entrepreneurs to understand that the growth or returns for their financial assets will be at a slower pace, he said.

"The biggest challenge is growth .…