It remains difficult to differentiate between private banks and what they offer clients. In a fragmented marketplace, the rewards for those players able to get their branding strategy right could be considerable
Business Models

Banking brands battle to stand out from the crowd

Damage limitation: how to stop setbacks becoming fatal
Carrying out a thorough due diligence check before taking on clients can help protect a private bank’s brand, but if a mistake is made, it is always best to admit it

Taking a leaf out of the luxury sectors’ playbook
Private banks, which tend to feel very traditional, could learn a thing or two from the luxury sector, which has managed to make itself more relevant to millennials
Can we really afford to spend 100 years closing the gender pay gap?
Women working in financial services tend to be paid considerably less than their male counterparts and struggle to break through the glass ceiling, despite evidence showing that companies with more women in senior roles do better

Banks seek ways to cover cost of legislative headwinds
Private banks have come up with a number of ways to try to boost revenues in the face of increased regulation, including adopting a more disciplined investment approach and increasing productivity through digitalisation

Reacting to an avalanche of regulation
Private banks have increased their legal and compliance teams to deal with new regulations and the cost has led to some consolidation. But does technology offer a different solution?

Private banks slow to unleash transformative power of tech
PWM gathered together an expert panel to discuss how far wealth managers have progressed in their digital journeys and identify the challenges they are likely to face going forward

Lombard Odier more than happy to occupy middle ground
The wealth management industry is split between large global banks and boutiques, but sitting between those two extremes creates plenty of opportunities, believes Lombard Odier’s Frédéric Rochat

Traditional wealth managers face uphill struggle to win over millennials
The millennial generation provides a huge opportunity for those wealth managers able to win their custom, but traditional firms face serious competition from new challengers who are putting digital engagement at the heart of the client experience.
Wealth managers go green to make an impact with next generation
Sustainable investing is a growing trend and some wealth managers have realised embracing it is a way to make themselves stand out
Asian private banks often look for European partners with investment expertise to improve their offer, while relationships with start-ups and tech firms can also help boost innovation in wealth management.
Global Private Banking Awards 2022
PWM Digital Edition (June/July 2022)
Wealth Tech Awards 2022
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