February 2019

February 2019

Wealth management: The Next Generation

The last 20 years of private banking have been all about building scale, international growth and professionalization; the top wealth managers are still getting bigger and are confident they have the right model – but as they struggle to maintain quality of service under pressure on revenues, new specialists are emerging.

Top Stories

Living without the SEC: how IPOs tried to beat a record shutdown

On January 25, after a record-breaking 35-day shutdown, a deal was finally struck to fund US government activity until February 15, but without another agreement, state agencies will again close down on that day. Equity capital markets bankers could face further disruption and precious few options for getting IPOs out of the door.

Afren criminal trial lays banking weaknesses bare

A string of due-diligence shortcomings enabled the international fraud that sapped investor confidence in once-booming London-listed oil firm Afren – and has also now led to jail time for its two top executives. What lessons can the banking industry learn from the failings laid bare in the court proceedings?

Euromoney 50th Anniversary

Private banking across the decades

Euromoney’s coverage of private banking since our launch in 1969 reflects the changes in the industry itself. The first 30 years were dominated by Swiss banks – and trying to get into their inner sanctums. The last two decades have seen the evolution of wealth management into a truly global business, new professionalisation and increasing competition.

Private banking

Women in private banking: Why we need a new normal

Women in private banking: Why we need a new normal

Wealth management was built by men for men. Now that women will become the largest beneficiaries of the $30 trillion intergenerational wealth transfer, the industry needs to overhaul itself. If it doesn’t, it will be letting down more than just its female clients.

Private banking: Who stays in Asia, wins in Asia

For many private banks that set up in Asia in the last decade, the cost of doing business kept them locked out of the vast expansion of wealth in the region; those that didn’t leave are settling into a more mature industry, but they are a long way from being able to relax.

From private bank client to farmer: a Chinese model of social lending

Financial services group CreditEase runs an app through which its private banking clients can be connected to needy women farmers in China’s rural interior. It’s a remarkable initiative taken up by 200,000 farmers and shows what can be done with low-level credit. But how does the risk management work?

Comment

Surveys and Awards

CSR

Banking

Can corporate broking survive?

UK corporate broking is the business that won’t die. There is no requirement for it outside the smallest listed firms, and corporates the world over manage without it. Yet UK companies almost always want the reassurance it provides. Is it finally under threat?

Columns

Asia Pacific

Investment banking: Foreign firms make their moves in China

Investment banking: Foreign firms make their moves in China

The pieces are starting to shift on the board of Chinese investment banking. There have been signs of progress, frustration and new strategy since last April’s announcement that foreigners would be allowed to take majority stakes in securities joint ventures on the mainland.

Transaction services

Trade finance: Banks’ digital deficit

Trade finance: Banks’ digital deficit

Digital innovation has the potential to transform international trade, yet many argue that banks are lagging in replacing antiquated systems for trade with smart solutions. What is behind the delays?

Fintech

Front End

Lessons from the farm in China

Lessons from the farm in China

Euromoney is a great believer that if you’re going to cover inclusive finance properly, you have to talk to the people who are supposed to be on the receiving end of the inclusion.