Despite the difficulties caused by the credit
crisis, the private banking sector is still delivering good results
whether in Asia Pacific, Middle East or Europe. However, the ripple
effect of the crisis has shaken several large private banks to the
core.
Wealth managers need to revisit their business
model to take advantage of emerging opportunities as well as
equip themselves with the tools and knowledge for a sustainable
bottom line.
Now in its 20th year, the Private
Banker International Wealth Summit will continue to give
wealth managers an independent platform to discuss key industry
issues and challenges facing the industry.
High-level strategic insights will be coupled
with state-of-the-art practical advice and guidance for both
existing and new entrants into the wealth business.
With investment banking virtually moribund,
private banking is regarded, rightly, as the new superstar
generator of revenues and fees. At increasing numbers of large
banking groups, private banking is being drawn close to the
parent’s interests.
Our industry polls indicate that the industry believes now is the
time to ramp up on innovation, invest in infrastructure and revisit
business models to increase client confidence in the current
climate.