“YOU NAME THE private bank, they’re out there looking for an acquisition,” says Boston Consulting Group’s head of private banking and wealth management, Christian de Juniac. That might be a slight exaggeration but there will be plenty of M&A activity in the wealth management industry this year as banks strive to expand. In a KPMG survey of 190 private banks in 2004, one-third said that their business strategy called for an acquisition to be made within the next three years – the main objectives being geographical expansion or increased market share.
There seems to be no regional bias to private banks’ expansion strategies.
Access this research
Enter your work email address to sign in or check whether your organisation already has access to Euromoney.
