Heartwood Wealth Management’s model of discretionary portfolio management might provide some insights into how private banks will choose to invest on their clients’ behalf.

Domestic banks and well-established foreign rivals are fighting hard for a share of a high-net-worth asset base expected to grow at double-digit rates. With foreign banks’ involvement in the global crisis fresh in potential clients’ minds, domestic banks might just have the edge. Elliot Wilson reports.

Credit Suisse retains the global overall crown but it’s all change in the regional and country results.

As high-net-worth wealth creation accelerates in the region, the struggle for market share between international and local wealth managers intensifies. Jason Mitchell reports.

The bank has gone out looking for new ideas for its clients; that, together with its global reach, makes it a winner during a challenging period for leading wealth managers.

There was a record attendance at Euromoney’s annual private banking awards dinner in London last month, reflecting a year in which the importance of wealth management grew in the overall financial landscape, and that a time of change in global banking had brought about a host of new winners.

Integration has become the key goal as banks look to boost their wealth management revenues.

Private Banking and Wealth Management Survey 2010 results revealed February 8.

Business could win from others’ vulnerability; Reputational damage will be tough to repair

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.