Private banking: Regaining trust, restoring returns
The financial crisis proved almost as tough for wealth managers as it did for investment bankers. They have worked hard to redeem reputations and improve services. The heads of the world’s eight leading private banks tell Helen Avery how they are giving clients the returns they expect.
|Private Banking and Wealth Management Survey 2011|
|Full results index|
What were the biggest challenges in the private banking industry in 2010?
BoA, SK Even though much of the world wealth that was lost in 2008/09 (with the exception of real estate) was recouped by 2010 and many of the investment indices have returned to pre-downturn levels, there has been a sea-change from the client’s perspective.