Leading private bankers and nontraditional wealth advisers discuss how the industry can embrace technology.

While other industries have embraced technology to win clients and become more efficient, wealth management and private banking are still finding their way. Euromoney gathered leading private bankers and nontraditional wealth advisers to discuss how the industry can embrace innovation

Despite the stunning revival of emerging-market currencies, and the fragile five in particular, high and ultra-high net worth individuals remain reluctant to increase their exposure, suggesting many funds have missed out on the rally.

UBS announces that Alex Friedman, global chief investment officer, will be leaving the firm.

A new advisory platform targeting US households that have between $100,000 and $1 million of investable assets could disrupt the wealth management industry.

Credit Suisse’s $2.6 billion fine and criminal conviction in the US tax-evasion case raises many questions.

The number of family and multi-family offices is steadily increasing thanks to technology developments and a desire for objective advice, say wealth management industry executives.

Barclays’ latest round of restructuring is hitting the investment banking business hard, but the future for the wealth management business might not be so bright either.

As the ultra-high-net-worth individuals gain purchasing power, the role of the middle man is questioned.

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.

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.

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.