The battle to manage Taiwan’s wealth

Taiwanese banks are making a concerted effort to gain a bigger slice of the local wealth management pie, which is dominated by foreign players. But the latter group is not surrendering its share of this lucrative market easily group, despite being buffeted by headwinds globally. As a percentage of population, Taiwan’s high-net-worth community is almost five times the size of those in other Asian markets. UK research firm Verdict Financial Services estimates there to be 90,600, or …