Weathering the storm: a review of the 2016 Asia Pacific banking sector including Japan

Event Report

Mr. Vito Giudici,  Senior Partner, Mc Kinsey & Company Japan

In the last decade, the Asia-Pacific banking sector is emerging from a golden age when it was one of the largest sources of global banking profits.

The momentum from this golden decade seems to be fading as a result of slowing macroeconomic indicators, disruption from “attackers” (including competition from Fintech firms) and weakening balance sheets. This presents new challenges for financial firms operating in the region who are experiencing slower growth.

An expert from Mc Kinsey and Company will present their strategic view on the 2016 Asia-Pacific banking industry and will discuss developments and opportunities across Asia-Pacific including Japan. The presentation will focus on:

· Focused growth: wealth management and other areas for development.

· Drive a value-focused digital transformation: how market players can capitalise on technology to control costs.

· Strengthening balance sheets: solutions to address the growing volume of non-performing assets, while working to improve risk management as a longer fix.

· Enabling the organisation: building partnerships and forming alliances with FinTech and others to bring out new products and services much faster than in the past.

· Talent management: how banks need to revise their approach to enable innovation.

English

Mr. Vito Giudici,  Senior Partner, Mc Kinsey & Company Japan

In the last decade, the Asia-Pacific banking sector is emerging from a golden age when it was one of the largest sources of global banking profits.

The momentum from this golden decade seems to be fading as a result of slowing macroeconomic indicators, disruption from “attackers” (including competition from Fintech firms) and weakening balance sheets. This presents new challenges for financial firms operating in the region who are experiencing slower growth.

An expert from Mc Kinsey and Company will present their strategic view on the 2016 Asia-Pacific banking industry and will discuss developments and opportunities across Asia-Pacific including Japan. The presentation will focus on:

· Focused growth: wealth management and other areas for development.

· Drive a value-focused digital transformation: how market players can capitalise on technology to control costs.

· Strengthening balance sheets: solutions to address the growing volume of non-performing assets, while working to improve risk management as a longer fix.

· Enabling the organisation: building partnerships and forming alliances with FinTech and others to bring out new products and services much faster than in the past.

· Talent management: how banks need to revise their approach to enable innovation.


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