Digitization Leads Wealth Managers' Eastward Shift, Says Credit Suisse COO

BST Asian Summit keynote highlights necessity of digital, opportunities in the region.

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Dr. Francois Monnet, managing director, COO, private banking Asia Pacific, Credit Suisse, delivered the keynote address at BST Asian Summit 2015.

"Digital is not a nice to have; it is now a necessity. You have to decide if you want to be disruptive or to be disrupted," said Monnet during his keynote address at the BST Asian Summit 2015.

The rise of digital capabilities in wealth management represented a "massive opportunity rather than a threat" for wealth management firms, explained Monnet, and that the speed of developments "imposed the necessity not to stand still, although standing still doesn't necessarily mean just doing nothing."

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