Amid volatile markets, private banks face outflows unless they succeed in asset management.

The big US brokerages are losing market share to independent wealth managers. To stop the rot, the wirehouses must rethink almost every aspect of how they do business.

Technology has given wealth managers the ability to collect more data than ever before. How they use that information is now critical to their future success. So why aren’t more private banks embracing the opportunity?

Credit Suisse is ditching its global ambitions in wealth management, suggesting that worldwide private banks have had their day.

Looks like the much-needed shake-up at Credit Suisse has finally come. Will it be a bank of three parts?

When it comes to succession planning, there are fantastic successes and spectacular failures. But get it right and the rewards for private – and investment – banks can make it all worthwhile.

The country’s economy is going through tough times, putting a greater onus on private bankers to look after their clients’ investments. An emphasis on overseas diversification of portfolios is crucial. However, domestic investments still take up the greater share and require careful management

The nation’s private banking industry is blossoming, but even as it flourishes, leading players have to move fast to keep up with a changing market and an increasingly demanding and diverse client base. Euromoney gathered together a panel of private bankers, wealth managers and economists to discuss the market’s key issues in July.

By anyone’s book, Bank of Palestine has recorded fantastic figures for the first half of 2015. The fact that it has achieved these numbers in such difficult circumstances is testament to the resourcefulness of its people. It’s a trait shown across the Territories. How do they do it?

The Swiss bank stands apart from its peers. It helped its clients profit, both in the serene waters of 2019 and in the wake left by Covid-19 as it spread across the world in 2020

“I think this crisis has shown why being with a firm focused on wealth management as a primary business and having a global perspective matters to clients,” says Tom Naratil, co-chief executive of UBS global wealth management (GWM) and president of UBS Americas.

Our review period was a difficult one for private banking operations in the region, as it was worldwide: the fourth quarter wiped out huge chunks of revenues and assets for some international and local players, and it was a year that required sound individual advice for clients.

For the second year running Credit Suisse is Latin America’s best bank for wealth management, this year bolstered by the completion of a three-year turnaround across the whole bank.

With a new strategy of regionalization, integration and innovation, Credit Suisse’s wealth management business has set itself apart from its peers and brought the ethos of Swiss personalized service to an international platform.

Household net financial wealth in CEE has roughly doubled since 2006 and private banking and wealth management services are increasingly in demand across the region.