The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.

All material subject to strictly enforced copyright laws. © 2022 Euromoney, a part of the Euromoney Institutional Investor PLC.

Can clients and shareholders both win in private banking?

There are two types of banks – those that are good to work for and those that are good to own. Investment banks fall into the first category. They deliver huge financial rewards to their employees, who have succeeded through good times and bad in extracting extraordinarily high pay in return for risking shareholders' capital. If their bets pay off, they scoop a healthy chunk of the winnings. If they don't, bankers can lose only their jobs.

For shareholders, successful retail banks have tended to be a better bet. Professional managers at banks across the world have turned them into efficient processing and distribution machines and, with certain exceptions, have improved risk management to the point where they survived the recent credit downturn unscathed. New technology allows employee costs to be cut by outsourcing jobs to cheap locations such as India. Customers pay for their own inertia – service has to become pretty dire before they stir themselves into changing providers. And many are unaware that they may be over-paying for credit.

Is there any kind of bank that it's good to be a customer of? Private banks, perhaps?

In this issue, Euromoney has produced a new industry-wide survey covering providers of all manner of wealth management services worldwide.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.


Unlimited access to and

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually


Unlimited access to and, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors


Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree