Switzerland’s private banks have been trying to remodel themselves but the HSBC affair is the latest in a series of setbacks proving they still have a long way to go
Editor's Analysis

Swiss stagger under weight of franc fallout
The profitability of Swiss private banks will be hit by the SNB’s withdrawal of the currency ceiling and could speed up the shift of some operations overseas

Family offices join forces to take on banks
As global banks struggle with damaged reputations, smaller investment firms sense an opportunity to win market share and the recent M&A activity could be a sign of things to come

Industry marvels at rise of the ‘Superbanks’
Only the biggest players have the reach and technological innovation necessary to compete on a global scale, but a deeper understanding of client needs is necessary

Europe fears chill of new Cold War
The impact of Russia’s actions in Ukraine has been felt far beyond those countries’ borders, and the consequences for European countries could be huge if the situation worsens

Private banks fear savvy clients could cast them adrift
Europe’s wealthiest individuals are demanding relationships with private banks be run on their terms, but not all firms have embraced this new reality

Private banks ready to scale back and shift online
A period of consolidation is underway as banks refocus efforts on their most profitable markets

Clients in danger of losing in private banking kickabout
Clients could end up with higher fees as private banks pull out of their unprofitable regions and implement new business models

Wealth players tune into big brand beat
With banks looking to deal with fewer providers and clients finding comfort in brand names, the biggest fund houses are on the up

Société Générale's return home a sign of things to come
SocGen’s sale of its Asian private banking unit to DBS marks a change of emphasis for the bank and could be the first of many
Join PWM's Yuri Bender for the annual announcement of our Global Private Banking Awards, plus a bonus discussion about the industry's future with Mercer's Cara Williams, Aite Group's Alois Pirker and independent wealth consultant Seb Dovey.
PWM Digital Edition (December 2020 - January 2021)
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