Western banks expect Asia-Pacific growth to pick-up now China has emerged from lockdown, but are careful not to put all their eggs in one basket by diversifying across the region

Developing markets now have deeper capital markets as well as local investors, meaning they are much better placed to weather global crises

Private banks active in Asia must contend with turbulent markets and ongoing recruitment problems in their quest to forge deeper relationships with clients

In terms of technology, Hong Kong has fallen behind both mainland China and rival Singapore. But the territory has a habit of reinventing itself

It is becoming increasingly apparent that wealthy individuals in Asia make for very different clients than their counterparts in the West

With the regulator’s radar firmly tuned towards big banks, smaller players are now able to offer their relationship managers much greater flexibility, making them much more appealing in the battle for talent

The wealth management sector in Asia-Pacific is fiercely competitive with both international and local players fighting for a piece of the action and looking for ways to differentiate themselves from opponents

SocGen’s sale of its Asian private banking unit to DBS marks a change of emphasis for the bank and could be the first of many