Best Private Bank Asia Pacific UHNW
Morgan Stanley Private Wealth Management Asia
Best Private Bank – Asia Pacific UHNW
Vincent Chui
head of Wealth Management, Asia Pacific
While global asset owners faced unprecedented downward market pressure in 2022 from the dual challenges of runaway inflation and recession risks, UHNWs in Asia — particularly in North Asia — also had to navigate complicated geopolitics and a third year of COVID-19 disruptions.
As a private bank dedicated to Asia’s UHNWs, it is imperative that we understand clients’ specific financial and non-financial needs, and that we have the expertise, products and platform to address them.
As a global integrated financial services firm with a leading investment bank and the largest wealth manager globally with US$4.2 trillion in assets under advisory, Morgan Stanley has the institutional strength and connectivity to address the sophisticated demands of Asia’s UHNWs across countries and asset classes. We understand that UHNWs expect and demand nothing but the best.
What was behind the judges’ decision?
- With the launch of its Advisory Portfolio Management service in 2022, the bank has noticeably enhanced its offerings of highly customised investment solutions and mandates. In addition to helping clients navigate volatility, the move will herald an increasing share of recurring revenue at the top line
- Demonstrable evidence of Morgan Stanley Private Wealth Management Asia making the most of content and expertise at the group-level for private clients’ benefit — such as through the 14 conferences and summits that were held during 2022
- Harnessing tighter collaboration between the private bank and investment bank, Morgan Stanley Private Wealth Management Asia was able to drastically enhance its offering in alternatives — including direct investments and venture capital — as well as provide access to proprietary institutional private deals
- Morgan Stanley Private Wealth Management Asia has comprehensively expanded its wealth planning solutions, as shown by its onboarding of wealth planning and insurance providers
What we said
Asian Private Banker’s decision to once again award Morgan Stanley Private Wealth Management Asia the accolade for Best Private Bank – Asia-Pacific UHNW reflects the US bank’s progress in continually improving its already market-leading service and solution for the wealthiest of Asia-Pacific’s wealthy, said Daniel Shane, editor of Asian Private Banker.
During the period under consideration by the judging panel, Morgan Stanley Private Wealth Management Asia comprehensively scaled up its platform and expanded its products and services catering to its UHNW clientele. Asian Private Banker would like to congratulate everyone at Morgan Stanley Private Wealth Management Asia on the bank’s success at the 2022 Awards for Distinction.
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