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Wealth

Global private banking debate: PB embraces the modern world

Private banks across the world are changing fast, placing greater emphasis than ever on a host of key factors. The best wealth managers are busy boosting inclusivity, emphasising technology and security, and ensuring they are on-point when it comes to meeting compliance needs.

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EXECUTIVE SUMMARY

• New rules such as the EU’s Mifid II regulations are injecting greater transparency, enabling private banking customers to view risks, fees and costs attached to financial instruments

• HNWs in China are becoming judicious as the country develops, growth slows and financial education rises, embracing long-term reward over short-term risk.



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