Bernard Lee, CEO of HedgeSPA said: “It is just going to take time to go through the cultural change while you are kind of working through the second generation wealth type of mentality, where this generation actually has quite a bit of say in terms of how they want to run the money, and it’s not necessarily a bad thing. I think the primary difference is that it’s not the full service management that some of the private banks are hoping for.”
Channel NewsAsia