State of Financial Services in Asia

Location: The Fullerton Hotel, Singapore Date: September 13, 2022 | 8:00am – 9:30am SGT


Oliver Wyman’s 24th installment of the State of Financial Services Industry report examines the dramatic value shifts taking place in the financial services industry. Growth of capital-intensive risk intermediation services has slowed, while investors and companies are pouring money into capital-light services linked to data, technology, and infrastructure. Over the last decade, incumbent players such as banks, insurance companies, and asset managers have shrunk as a proportion of the total – from 90% of the industry value 10 years ago to about 65% of the industry value today. As a result, a new, wider financial services industry has emerged.

Join us at this breakfast briefing to discuss:

  • What are the most significant value shift drivers in the financial services industry today?
  • What can we expect from the FITs (financial infrastructure and technology companies) going forward, and will they continue to take a larger share of value creation?
  • What does this shift in value mean for financial institutions in Southeast Asia?
  • What are the opportunities for financial institutions and FITs to collaborate and create value together?

Please reach out to your Oliver Wyman contact for an exclusive invitation to this event.


  • Ted Moynihan, Global Head of Financial Services, Oliver Wyman
  • Seo Young Lee, Head of South East Asia, Oliver Wyman
  • Tek Yew Chia, Head of Insurance, Asia Pacific, and Vice Chairman, Singapore, Oliver Wyman
  • Ashish Shastry, Co-Head of Private Equity for Asia Pacific & Head of Southeast Asia, KKR
  • Connie Chan, Managing Director, Investment, Temasek
  • Naveen Mallela, Global Head of Coin Systems, Onyx by J.P. Morgan