Private banks hit by cost and revenue pressures: Kathryn Shih interview

The chief executive of UBS Wealth Management Asia-Pacific speaks about the dynamics shaping the private wealth management business in Asia, and how UBS addresses client expectations in an environment where returns are increasingly hard-won

Asia Risk: How do you perceive the private banking market and your own business model to have changed since the advent of the global financial crisis?

Kathryn Shih, chief executive of UBS Wealth Management Asia-Pacific: The new environment will include increasing demands from clients for advisers to hold ever-higher levels of technical and market competence. Wealth managers will need to sharpen their focus on investment and product performance, rather than simply collecting assets. Satisfying