You've recently been doing some research into wealth management in Asia Pacific. What are the main findings of this research
Jaffe Firstly, the definition of wealth management differs not only from country to country, but also from bank to bank. Sometimes it's little more than a general retail banking service with a few more products and services added, while at others it can extend to a full-blown private banking relationship.
In Korea for example, one bank says it offers wealth management services for clients with assets of as low as $80,000. But other banks aim higher Citibank does it for customers in Korea with over $4 million.