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

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

BRADESCO WEALTH MANAGEMENT’S 2010 results – released to Euromoney before their official publication – can be seen as a microcosm of the wider private banking industry in Brazil. This is unsurprising given Bradesco’s central position in wealth management in the country – it rises from seventh to fourth place over all in Brazil in this year’s Euromoney private banking survey – but also instructive about growth in the business. Assets under management rose 27% last year. Bradesco has a further 25% growth in AUM in the budget for 2011 and João Albino, director departmental of Bradesco Private Bank, is not fazed by the target.