The Pandemic Is Transforming the Wealth Management Industry, UBS Says
- Virus is making investors more cautious, APAC co-head says
- UBS says one third of Hong Kong staff still working from home
This article is for subscribers only.
The Covid-19 pandemic has sparked dramatic changes to the wealth management industry, making clients more cautious, more digitally savvy and more interested in sustainable investments, according to a UBS Group AG executive in Hong Kong.
“The whole pandemic has transformed the business and also the way we operate,” said Amy Lo, co-head of Asia Pacific wealth for the Swiss bank. “The world has become more digital, less global and more local.”