PwC: APAC CEOs Eye Wealth and Asset Management Expansion

APAC CEOs wealth and asset management expansion is gaining momentum as chief executives increasingly look beyond their core businesses, PwC said, citing its 29th Global CEO Survey.

PwC found that 37% of Asia-Pacific CEOs plan to expand outside their traditional industries over the next three years, targeting adjacent and fast-moving sectors such as asset and wealth management, technology, health services, transportation and logistics, retail and industrial manufacturing.

Among APAC CEOs that have already diversified, 52% reported revenue growth of more than 10% over the past five years from new sectors.

PwC said 39% of APAC CEOs recorded AI-driven revenue gains in the past 12 months and 26% achieved cost reductions, although confidence softened, with only 21% very or extremely confident about year-ahead revenue prospects.