The Australian wealth management industry is a people business and its future success depends on both the quality and integrity of its human capital.
The industry employs 390,000 people and is a vastly growing sector that currently accounts for 9 per cent GDP, according to Alliance Bernstein Australia and New Zealand chief executive Michael Bargholz.
Success rests on the ideas, drive, innovation and talent of employees, Bargholz said.
“As a young and fast growing industry, our success most of all depends on one key ingredient and that is integrity,” he said.
“We serve the needs of millions of Australians who at times in their lives will be at their most vulnerable and we can make the biggest difference. Our goal is to win and keep the trust of millions of Australians.”
The industry will only prosper if the future leaders stay in Australia rather than heading abroad for work opportunities, Investment and Financial Services Association (IFSA) chief executive Richard Gilbert said.
“I often despair that we lose a lot of our good leaders overseas. We want to keep the best here,” he said.
