A decade of private banking Euromoney celebrates the 10th anniversary of its private banking survey this year. It has been a decade of changes driven by globalization and transparency. Despite a global financial crisis, a eurozone meltdown and a regulatory overhaul, the top-five global private banks have retained their standings
Between crisis and recovery The markets had another volatile year in 2012, but there are signs of green shoots for the global economy. The heads of the largest global private banks discuss how they are ensuring that their clients are well-positioned for 2013.
Private banking for the next generation Some $30 trillion will transfer from the baby-boomers to their children and grandchildren in the next 30 years. These younger generations think differently and bank differently. Private banks must adapt their businesses to ensure the money stays with them
Chinese private banking grows up Supported by strong economic growth, Chinas domestic private banking sector has been developing rapidly. But could a lack of education and mounting competition from overseas stall its progress?
How UBS battled back in the US Two characteristics set UBS apart from other private banks, says Bob McCann, head of UBS Wealth Management Americas. First, we are truly global. Other banks claim to be, but if you look at their revenue streams they are not balanced internationally, or they are pulling out of international businesses to focus domestically. And second, wealth management is a core business accounting for over 50% of UBSs total revenues. If you look at other financial institutions, wealth management is about 15% to 20% of revenues and a business line they have to be in rather than one of focus.
Brazils wealthy say goodbye to risk-free investment The collapse in interest rates means that rich Brazilians will have to grapple with riskier investments offering less liquidity if they are to maintain investment returns. Private bankers are up for the challenge of providing them.