Opportunities amid the downturn

THIS WEEK'S TOPIC: What's the economic outlook for your business and industry? How is your firm responding to it ?

Hans Hanegraaf Country Executive, ABN AMRO Bank NV Singapore and CEO, ABN AMRO Private Banking Asia & Middle East

The Asian private banking and wealth management industry, to some extent, mirrors Singapore's shift from an investment-driven economy into a knowledge-based economy. In an increasingly challenging and competitive operating environment, we are focused on building intellectual capital and fintech capabilities, to keep pace with the accelerating changes in technology. Against a backdrop of slow global economic growth, volatile markets and evolving customer preferences and behaviours, the only constant is change. We have to be agile and nimble, to meet the demands and create value for our digitally savvy clients. It is a delicate act to balance technological innovation with the personal and relationship aspects of private banking.