Morgan Stanley APAC WM Seeks to Hire More Relationship Managers

The video discusses strategies for attracting wealthy families in Hong Kong and Singapore amidst economic changes and trade disputes. It highlights the focus on wealth creation, particularly in second-tier cities in China, and the shift towards alpha generation and public equity in 2020. The impact of Hong Kong's unrest on client confidence and asset allocation is examined, with a focus on ultra-high-net-worth clients. Expansion plans in Singapore and hiring strategies are outlined, along with opportunities in technology and healthcare sectors for wealth creation.

What was a significant challenge faced by Hong Kong in the past year?

• Healthcare issues

• Technological advancements

• Trade disputes with the United States

• Natural disasters

What is the primary focus for clients in 2020 according to the transcript?

• Cryptocurrency trading

• Alpha generation and public equity

• Savings accounts

• Real estate investment

How has the unrest in Hong Kong affected Ultra High Net Worth clients?

• It has had limited impact due to their global aspirations.

• It has led them to focus more on local investments.

• It has significantly decreased their confidence.

• It has caused them to withdraw from the market entirely.

What is the hiring strategy for the Ultra High Net Worth segment?

• Hire only local talent

• Outsource all hiring needs

• Focus on quantity over quality

• Focus on quality over quantity

Which sector is NOT mentioned as a strong area for wealth creation?

• Technology

• Healthcare

• Domestic consumption

• Agriculture

What is the approach towards growth mentioned in the transcript?

• No growth plans

• Only inorganic growth

• Only organic growth

• Both organic and inorganic growth

Which city is being developed as a second hub for business expansion?

• Tokyo

• Singapore

• Beijing

• Bangkok