Search the results Global banks seduce southern sophisticates
Fairly or unfairly, Germans enjoy a reputation for chauvinism. It certainly appears that when they choose their private wealth managers, German clients instinctively opt for a well-known local name. And local doesn’t always stretch to mean German.
“We have a Hamburg market, a Cologne-Düsseldorf market, a Frankfurt market and a Munich market,” says Klaus Kirchmayr, a partner at Zurich-based consultancy Millenium Associates. “If you are in Cologne, it’s prestigious to be a client of Sal Oppenheim.
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