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Building the future of advisory in private banking

Author

Listed:
  • Danis, Muriel

    (HSBC Global Private Banking, 8 Canada Square, UK)

  • Biggs, Diana

    (HSBC Global Private Banking, UK)

Abstract

The wealth management industry is undergoing transformation, with developments, powered by digital, currently starting to accelerate. This paper describes how HSBC Private Banking is leveraging new technologies, such as BlackRock’s Aladdin Wealth platform, to build out a future-focused end-to-end advisory process. It outlines the transformation and new capabilities enabled by technology along each stage of the process and the organisational considerations required for such a transformation. The paper demonstrates how HSBC Private Banking is integrating innovative technologies to better serve clients by building a solution platform foundation for a future state of advisory that blends the best of human interaction with the power of digital.

Suggested Citation

  • Danis, Muriel & Biggs, Diana, 2021. "Building the future of advisory in private banking," Journal of Digital Banking, Henry Stewart Publications, vol. 5(3), pages 231-239, December.
    • Handle: RePEc:aza:jdb000:y:2021:v:5:i:3:p:231-239
    as

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    More about this item

    Keywords

    digitalisation; digital transformation; financial technology; private banking; portfolio management; wealth management;
    All these keywords.

    JEL classification:

    • G2 - Financial Economics - - Financial Institutions and Services
    • E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit

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