Backbase Bolsters Wealth Management Team in Singapore and US Amidst Market Growth
Backbase, a leading digital banking software provider, has bolstered its wealth management team with strategic hires in Singapore and the US, aiming to meet growing demand and digital adoption in the stock market today. Kai Jebens, previously leading business development at Northern Trust, has taken on the role of Regional Sales Director in Singapore, while Joseph Sullivan, formerly representing Fiserv, has been appointed Senior Director of Strategic Accounts in the US. Both appointments strengthen Backbase's ability to support rising digital adoption in the wealth management stock market.
The wealth management markets in these regions are poised for growth. Singapore's market is expected to expand from US$34.38 trillion in 2025 to US$50.80 trillion by 2030, driven by annual high-net-worth individual growth of 9% and 80% digital adoption. Similarly, the US market is projected to grow from US$92.5 trillion in 2025 to US$101.6 trillion by 2029. Switzerland's wealth management market is forecast to grow at a 3.6% compound annual rate through 2028.
Backbase's modular platform enables institutions to upgrade progressively without disrupting operations, as demonstrated in recent client implementations. The company is expanding its wealth management team in the US, Asia, and Europe to meet the increasing pressure to modernize in these us bank markets.
Backbase's strategic hires and expansion plans reflect the growing demand and digital adoption in wealth management markets. With its modular platform, the company is well-positioned to support institutions in their modernization efforts in the stock market today.
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