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KUALA LUMPUR, June 4 — Malaysians requiring just US$485,000 (RM2.2 million) in net worth to count as the richest 1 per cent in the country was not necessarily an unfavourable...
The industry is transitioning to the next normal, which will emerge once the pandemic subsides. New challenges are expected, yet there will also be opportunities. What does this mean for the man in the street? The Covid-19 pandemic is a watershed event that has ended more than a decade of strong growth for the wealth management industry. It has also brought about market turmoil and a global recession, and wiped out billions of dollars from financial markets. What will 2021 bring? The consensus view is that three major disruptive forces — technological advancements, demographic changes and s...