April 21, 2015
— As per statistics, Latin America is one of the fastest growing markets in the private banking sector. The region still has a set of unbanked and underbanked population which engages the financial service in new ways, thus raising an interest for many financial institutions globally.
The recent trends and developments in the wealth management sector include a goal oriented or goals-based planning approach wherein the financial institutions are constantly working on data and analytics. The goal driven strategy could be revolving around stemming a client life cycle which implements client experience, acquisition or retention strategies.
From coping up with all the latest advancements in the banking sector to developing a digital customer experience, the banking sector in the region is steadily gaining grounds in the midst of challenging macro-environment and regulatory pressures.
The wealth management sector in the region is looking at how HNWIs want to be served as they prefer to seek professional advice. Focusing on the needs and demands of HNWIs, the banks are tailoring new processes and methodologies to meet client needs and offering them an integrated and seamless client experience. This is where private banking plays a very important role, securing the customers every banking need and serving the client with a goal to retain them by creating a bond of trust and faith.
Catering to these financially savvy consumers through providing privileged and exclusive services, private bankers and other wealth management service providers, will be able to help their investment planning and fiscal decision. Advising them for planning ahead, getting general or more specific expert advice when they need it, buying products that meet their needs, monitoring their investment growth, providing information for future potentials and being equipped to manage and pay back their debts are some of the services that will be the key drivers manipulating the Latin market.
Understanding and recognizing this potential, the Private Banking and Wealth Management Latin America, will gather regional industry peers and global experts to brainstorm and discuss the future of this sector in the region.
Taking place on the 20 – 21 August 2015, in Sao Paulo - Brazil, this conference will provide two days of industry specific in-depth knowledge and information along with the opportunity to network and exchange business ideas with the corporate leaders of the private banking and wealth management industry.