Private banking: Regaining trust, restoring returns

Private banking: Regaining trust, restoring returns

February 03, 2011

The financial crisis proved almost as tough for wealth managers as it did for investment bankers. They have worked hard to redeem reputations and improve services. The heads of the world’s eight leading private banks tell Helen Avery how they are giving clients the returns they expect.

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

Participants

Walter Berchtold, CEO of private banking at Credit Suisse(CS, WB)
Douglas Wurth, CEO JPMorgan International Private Bank(JPM, DW)
Sallie Krawcheck, President, Bank of America Global Wealth and Investment Management (BoA, SK)
Jacques d’Estais, CEO, BNP Paribas Wealth Management(BNP, JE)
Chris Meares, CEO, HSBC Private Bank (HSBC, CM)
Jane Fraser, CEO, Citi Private Bank (Citi, JF)
Pierre de Weck, head of Private Wealth Management,Deutsche Bank (Deutsche, PW)
Juerg Zeltner, CEO of UBS’s wealth management division(UBS, JZ)

What were the biggest challenges in the private banking industry in 2010?

BoA, SK Even though much of the world wealth that was lost in 2008/09 (with the exception of real estate) was recouped by 2010 and many of the investment indices have returned to pre-downturn levels, there has been a sea-change from the client’s perspective.

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Topics

Asia Pacific Banking Euromoney 50th anniversary Wealth Features Emerging Europe February 2011

Helen Avery

Contributing editor Euromoney

Helen Avery is a contributing editor. She covers social and environmental finance, and topics of diversity and ethics within the financial industry. Helen is also a director at the Green Finance Institute.