Consultancy PwC has set up a research centre in Singapore to publish reports on the Asian asset management industry.
The firm says it hopes the centre's team will number 12 within five years. Papers published by the team will aim to guide market entry for new players while communicating with regulators and governments on policy.
“PwC’s AWM Asia-Pacific Research Centre will provide clients and other financial institutions with tools to expand their footprint in this region through the provision of market intelligence and supporting thought leadership,” said Justin Ong, Asia-Pacific asset and wealth management leader.
The Singapore initiative is an extension of the company's global market research centre in Luxembourg.
“The impacts of globalisation, technology advances and changing demographics is leading to dramatic shifts in how people accumulate, manage and distribute their wealth,” said Barry Benjamin, PwC global asset and wealth management leader. “The centre will play an integral role in advancing research as well as developing perspectives on these challenges.”
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