{"id":134842,"date":"2025-11-04T11:55:00","date_gmt":"2025-11-04T10:55:00","guid":{"rendered":"https:\/\/www.we-wealth.com\/?post_type=news&p=134842"},"modified":"2025-12-10T12:23:39","modified_gmt":"2025-12-10T11:23:39","slug":"wealth-management-jonathan-godsalls-mckinsey-company-global-vision","status":"publish","type":"news","link":"https:\/\/www.we-wealth.com\/en\/news\/wealth-management-jonathan-godsalls-mckinsey-company-global-vision","title":{"rendered":"Wealth Management: Jonathan Godsall’s (McKinsey & Company) global vision"},"content":{"rendered":"\n

His message was clear: after a period of uncertainty and irregular market cycles, the global asset management industry has entered a new season of growth. The numbers, he pointed out, speak for themselves: revenues up more than 5% per year and average profit margins close to 30%, with a solidity that in 2022\u2014a complex year for asset management\u2014confirmed the sector’s resilience.<\/p>\n\n\n\n

Wealth management has shown extraordinary vitality in recent years. This is the picture painted by Jonathan Godsall, Senior Partner and Co-Leader of McKinsey & Company’s Global Wealth & Asset Management Practice, who joined us from San Francisco to open the We Wealth Wealth Management Summit 2025.<\/p>\n\n\n\n

Godsall pointed out that sentiment among major international players is now among the most positive it has been in the last decade. Large banks and CEOs of financial groups view wealth management as a stable and strategic area of development, more defensive than other areas of finance, but capable of generating value through direct customer relationships.<\/p>\n\n\n\n

A global push from the Middle East to Asia<\/strong><\/h2>\n\n\n\n

One of the most obvious transformations, Godsall explained, is the growing internationalization of the sector.<\/p>\n\n\n\n

Large sovereign wealth funds in the Middle East, such as Abu Dhabi Investment Authority and Mubadala, have increased their investments in wealth management, adopting a long-term perspective and a particular focus on Asian markets.<\/p>\n\n\n\n

At the same time, Singapore has established itself as a new hub for innovation and capital. The speed with which it is digitizing financial services and wealth management has made it a global benchmark, capable of competing with New York in terms of pace and capacity for experimentation.<\/p>\n\n\n\n

It is between the Middle East and Asia, he noted, that the new balance of an increasingly interconnected and global industry is beginning to take shape.<\/p>\n\n\n\n

Four guidelines for innovating the model<\/strong><\/h2>\n\n\n\n

Godsall called 2025 \u201cthe year of innovation\u201d for wealth management.<\/p>\n\n\n\n

There were four areas on which the transformation has focused and continues to focus:<\/p>\n\n\n\n

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  • Alternatives, with increased exposure to illiquid asset classes, rising from 6\u20137% to 15\u201320% in the most sophisticated portfolios.<\/li>\n\n\n\n
  • Digitalization, with the aim of providing advisors and bankers with tools to improve productivity and customer relations.<\/li>\n\n\n\n
  • Generational transition, which has required simpler and more intuitive processes to accompany the transfer of wealth to new generations.<\/li>\n\n\n\n
  • Crypto and digital assets, now an integral part of investment strategies: just think, for example, of Morgan Stanley’s model portfolios, which have included a share, albeit minimal, in Bitcoin.<\/li>\n<\/ul>\n\n\n\n

    These four intertwined themes are redefining the strategy of many institutions, from expansion into the private market to the more targeted use of technology, to the transformation of the role of the financial advisor.<\/p>\n\n\n\n

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