The asset and wealth management industry is going through a period of change. Businesses need to adapt in order to not just survive, but to thrive. From the uncertainty that Brexit has created, increased transparency regarding confidentiality to changes in consumer buying behaviour, not to mention the break neck speed at which digital currencies and technologies are developing. All of which creates both opportunities and challenges in equal measures.
According to a report published by PWC last year, they predict that assets under management are expected to grow faster in countries such as South America, Asia, Africa and the Middle East (SAAAME) than those in the developed world by 2020. They go on to cite that assets under management will rise to US$88.6 trillion by 2020 with the main contributing factor being a surge in mass affluent and HNWIs assets within the SAAAME countries.
As part of the ongoing growth and development plans, KHT has been exploring new geographic regions and has secured clients from the African continent. It has demonstrated our key focus of ensuring we continue to remain a competitive and appealing offering to a diverse client base, regardless of location.
As such, members from our senior team regularly undertake planned travel to meet with clients and professional advisers. Following on from the successful relationships now forming from securing business in Africa Managing Director Anthony Page, is the latest member of the team to embark on a visit to Nairobi in Kenya next week to attend a series of prestigious events with the UHNW community.
Should any one wish to meet with Anthony in Nairobi, please get in touch today.