Private banking survey 2009: Testing times shake up the old hierarchy

Private clients have traditionally been seen as stable money. But 2008 proved that axiom doesn’t always hold, as private banks attached to investment banks discovered.

So, while UBS continues to reign as Euromoney’s top private bank, independent advisors are gaining favour among the wealthy. Helen Avery reports.

2009 Press release

Private Banking and Wealth Management Survey 2009 results
Can Rohner save UBS?
Testing times shake up the old hierarchy Families seek havens from the storm
HSBC aims for the top Barclays seeks out mega-rich
Methodology

PRIVATE BANKING IS a good business to be in. The world’s wealth may be slowly deteriorating as stock markets fall, hedge funds blow up and real estate prices crash, but rich people need advice – perhaps more so in bad times than good – and they will pay for good counsel.

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