FROM THE EDITOR
F
ully digital banks were expected to revolutionise the banking industry and threaten the “old” incumbents. Yet, in the decade since its massive boom, particularly at the onset of the pandemic, these virtual banks, neo banks, and challenger banks, amongst a plethora of other titles, may not have lived up to the hype.
PUBLISHER & EDITOR-IN-CHIEF Tim Charlton PRINT PRODUCTION EDITOR Jeline Acabo COPY EDITOR Tessa Distor PRODUCTION TEAM Frances Gagua COMMERCIAL TEAM Janine Ballesteros Jenelle Samantila GRAPHIC ARTIST Emilia Claudio
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Meanwhile, the current state of wealth management services has one fatal operating flaw – managing the wealthy, not their wealth. Whilst the mass affluent market has the capacity to save money, it does not meet all the criteria to qualify for traditional wealth management services, and therefore wealth managers often have eyes on servicing high net worth and ultra-high net worth clientele. Women’s representation in banks has come a long way, but much work still needs to be done. Unspoken expectations and unconscious biases often weigh down on women building up a career for themselves. UOB’s Head of Group Personal Financial Services Jacquelyn Tan, shares her insights on how these stereotypes can impact women’s careers in the banking and finance industry. DBS Hong Kong’s Head of Digital & Innovation, Lareina Wang, also discusses why having women in senior leadership positions is important to foster more women to enter the industry. Read the full interviews on pages 14 and 18. Read on and enjoy!
Tim Charlton
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MICA (P) 249/07/2011 No. 67
ASIAN BANKING & FINANCE | Q2 2023 1
