It has been a turbulent 10 years for wealth management but looking back at what has transpired may provide pointers at how best to approach the challenges the industry faces

Today’s wealth businesses need transformers, not conformer

Time-honoured investment approaches have become obsolete. High net worth clients have lost in excess of $2,000bn worldwide since the onset of the credit crisis. Trust is the key casualty. The 2008 meltdown is the immediate cause.

As PWM celebrates its tenth anniversary, we would like to ask: what should the private bank of the future look like? The answer to this both simple and complex question is “not like one of the past”, according to speakers at our recent private banking summit and awards ceremony, held in Geneva.

UBS Global Asset Management plans to identify core areas in which it can build up flagship funds, according to its new regional head of distribution, Rob Lay

ETFs are increasingly prevalent in client portfolios, but as the range of these products expands, private bankers are spending more and more time evaluating them

Western institutions are queuing up to invest in Russian equities, believing them undervalued, but local entrepreneurs are much more sceptical about the risks involved

Vicki Bakhshi, F&C

With a growing population and climate change putting pressure on natural resources, asset managers are having to factor ESG issues into their investment decisions

Jason Orben, JP Morgan Worldwide Securities Services

Since the Lehman collapse, institutional investors have realised the importance of collateral management techniques to mitigate counterparty risk