Small private banks “can survive” in Asia

Scale may be increasingly important in private banking, but smaller wealth managers with focused offerings and strong discretionary businesses will be able to survive, argued industry observers. In turn, size alone will not guarantee success, they added; firms must also adapt to technological changes. “It’s not just size [that counts], but what lies within,” said Vineet Vohra, Singapore-based practice leader at Arete Financial Partners, a management consulting and investment advis…