Private banks set Russian growth agenda

Private Banking and Wealth Management Survey 2011

Press release

Features

Private banks rebuild trust and sharpen their focus

The ins and outs of open architecture

Model portfolios – a private banking solution?

Regaining trust, restoring returns

Brazil’s private banks compete head-on for risk-averse clients

Private banks set Russian growth agenda

Wealth managers chase India’s burgeoning rich

Foreign and local banks battle for China’s golden generation

The Survey

Full results index

Methodology

RUSSIA TIPPED INTO recession in 2009 but quickly posted GDP growth of almost 4% in 2010 and is set to return to its average 5.5% GDP growth of the pre-credit crunch period over the next few years. It is likely to remain a highly attractive market for private banking players, especially as a widely expected wave of capital markets and corporate finance activity is set to add to the legions of multimillionaires that have emerged over the two decades since the break-up of the Soviet empire.