Global private wealth has been growing fast in recent years, exceeding economic growth worldwide. With the number of millionaires reaching 24 million in 2019, and the Fintech industry offering new services to people with more limited amounts of disposable income, the value of assets held by the private wealth managers…
Finance
World Wealth Report 2020
Global wealth grew by almost 9% in 2019 – despite economic slowdown, international trade wars and political tectonics like Brexit, Hong Kong social unrest, and turmoil in Latin America. Capgemini’s 2020 World Wealth Report (WWR) accounts for global wealth movements in the past year and delves…
The COVID-19 Effect: 5 Opportunities it Created for Digital Banking Sector
The pandemic had a twofold effect on the digital banking sector, as, alongside the unforeseen difficulties, it created new opportunities for growth and innovation. The novel coronavirus has had an immense impact on a range of industries, including the digital banking sector. In parallel to the difficulties it posed, the…
Repair The Roof While The Sun is Shining” – Why Fintechs Were COVID Ready
During his 1962 State of the Union Address, John F. Kennedy declared: “The best time to repair the roof is when the sun is shining”. While the original philosophy behind the sentiment wasn’t intended for organisations, per se, it’s an apt quote when reflecting on fintechs in light of…
Why Responsible and Sustainable Investing is Now Mainstream
Economic and social upheaval plus the collapse of oil prices have pushed responsible and impactful investing further into mainstream finance, affirms the CEO of one of the world’s largest independent financial advisory organisations. The comments from Nigel Green, the chief executive and founder of deVere Group, come as the global coronavirus…
What Should Offshore Trustees Be Considering Now?
The rationale behind setting up a trust is often to protect assets and beneficiaries against turbulent times. Offshore trustees have a challenging role when it comes to preserving capital in uncertain markets and balancing the needs of beneficiaries who may have very different demands and circumstances.