Vishal Kaushik

1 month ago | asianbankingandfinance.net | Bernhard Kotanko |Vishal Kaushik |Joydeep Sengupta

Banks, insurers, and asset managers in Asia Pacific (APAC) could soon be faced with a partial transition of new wealth flows to WealthTechs. What can they do before it is too late? Wealth in Asia is undergoing a seismic shift. According to a McKinsey analysis, ultra-high-net-worth and high-net-worth families are set to experience an intergenerational wealth transfer estimated at $5.8t between 2023 and 2030.