Private banking: Key growth markets — Brazil, Russia, India and China
A closer look at four of the key battlegrounds that the heads of the world's eight best private banks identify as crucial to their growth strategies: Brazil, Russia, India and China.
How are local wealth managers facing up to competition from the international players? What do clients in these countries want from their private banks? And what do the results of Euromoney's private banking survey 2011 tell us about the competitive landscape?
Brazil’s private banks compete head-on for risk-averse clients
With the number of high-net-worth Brazilians increasing rapidly, private banking is buoyant but highly competitive. However, customers’ preference for safe fixed-income investments restricts margins and banks are trying to foster more lucrative products. Brazil results index
Private banks set Russian growth agenda
Renewed growth and prospects of active capital markets and M&A business in 2011 have put both global and domestic private banks in a bullish mood. Russia results index
Wealth managers chase India’s burgeoning rich
Domestic banks and well-established foreign rivals are fighting hard for a share of a high-net-worth asset base expected to grow at double-digit rates. With foreign banks’ involvement in the global crisis fresh in potential clients’ minds, domestic banks might just have the edge. India results index
The private banking industry is coming of age in China, as the number of new millionaires in the country rockets.