The Chinese wealth management group continues to extend and deepen offerings to HNW clients.

Hywin Holdings, the Chinese wealth management firm, yesterday said that it is enhancing services for its high net worth clients by using IBM Cloud Pak for Data and the IBM Garage. 

The company, which is listed on the NASDAQ market, can now provide clients with analytics insights at 40 per cent faster rates than before.

Hywin said it has created a detailed model of the client lifecycle, allowing it to identify client behaviours that could indicate an increased risk of churn in a portfolio, such as reduced engagement with the company’s client portal or declining asset allocations. 

“We chose IBM because they share our agile development philosophy,” Hua Zhu, Hywin’s chief technology officer, said. 

Madame Wang Dian, CEO of Hywin Holdings, said: “This collaboration is part of Hywin's long-term strategy to enhance our products with more value-added customised services, and to build a more integrated information ecosystem to maximise the benefits we can provide to our high net worth clients”. 

“Hywin is dedicated to meeting the increasing demand for diversified wealth management services and has been offering high-quality customised products with differentiated services such as the ‘1+N+X’ service model and the ‘X-link’ digital sales platform. We believe that offering such services throughout the client lifecycle will not only enhance the core competitiveness of our proprietary technology infrastructure, but also help establish longer-term relationships with our clients, and help them to weather market cycles.”

Among recent developments, this publication has talked to Hywin Wealth, part of the group, about its work in helping drive Hong Kong’s development as a financial centre. A year ago, the group also moved into the health management space via an acquisition. (See an interview here.)

Hywin’s CTO Hua Zhu (right), CEO Madame Wang Dian (centre).