Private banking 2012: Local players step up fight for CEE wealth

While global and regional banks lead the results in Euromoney’s private banking survey for Central and Eastern Europe, local specialist wealth managers are rising up the ranks in many countries.

Who do you trust? Who do you choose? The adviser round the corner, who intimately knows you and the market you work with? Or the big regional player, with its infrastructure, balance sheet and brand?

For more than a decade, global banks and those with their sights set on a leading position across the region have dominated the whole spectrum of banking in Central and Eastern Europe, including wealth management.

But with large parts of emerging Europe going through their own financial crises over the past four years, that might be starting to change.

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