Clients could end up with higher fees as private banks pull out of their unprofitable regions and implement new business models
Editor's Analysis
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
Time for alternative investments to play their part
Private investors continue to sit on piles of cash, but it is up to bankers to educate them about the need for efficient allocations
‘Gatsby’ era draws to a close for private banks
Private banks are reworking business models in response to new regulations such as RDR, but there are other costs, for example spiralling salaries, which need to be addressed
Swiss must use crisis to forge new models
Swiss private banks face problems which in combination may prove fatal for some, but those that adapt can enjoy a bright future
Clients remain buried as the dust settles
Private banking may be changing fast but wealth managers are still refusing to put clients first
Learn from experience in emerging markets
Emerging markets have underperformed global equities so far this year but investors should not be too quick to write them off
Lack of contagion no reason for complacency
As long as the safety of their assets is assured, clients are not too concerned about their banks’ reputations. But branding still matters
Banks getting the hang of family affairs
Both clients and asset managers are warming to the idea of multi-family offices, while the larger players are taking this threat very seriously
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