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.

True leaders need to stick around and see their plans to completion, rather than move on to the next challenge

The rapid rise of ETFs was in part a response to the financial crisis, but these vehicles are now coming under fire themselves

Investors may search for safe havens, but with so much uncertainty in the markets it is impossible to hedge a portfolio against all possible outcomes

Private bankers should concentrate on wealth preservation rather than innovative fee-generators

Allocations to developing markets may be on the rise but the Western world still has its supporters

Martin Gilbert’s willingness to discuss Aberdeen’s failures, as well as their successes, makes a refreshing change.

Institutional investors are moving into hedge funds but are private clients set to follow their lead?

Chief Investment Officers have taken on a much higher profile in many banks and must be ready to swiftly respond to changing situations.

A major transformation is taking place in the way private clients and institutions look at hedge funds. They need to rely on them increasingly to produce returns and need to make sure they choose a reputable manager for their money.

Events in Japan and North Africa are worrying investors, while their managers are more concerned about EU rules

Emerging markets are still considered an attractive long-term play, but investors are shying away from over exposure in the short-term

Audacious growth programmes are back in fashion across the industry, but managing these ambitions may prove a considerable challenge

Private banks are taking different approaches to providing access to hedge funds, but clients’ money is all heading in the same direction.

Private banks may place great store in academic theories when contructing portfolios, but clients usually prefer a simpler approach.

European wealth managers may be exporting executives Eastwards, but their Asian equivalents are also stepping up activities in the West.

Hedge fund providers are struggling, hit by the desertion of wealthy families and the increased regulations promised by the AIFM directive.

The assent management landscape is being shaken up by a number of new players, putting increasing pressure on traditional business models.

Ucits has proved to be a resounding success on a global scale, but there are fears about the levels of regulation in the upcoming AIFM directive.

Emerging markets should form a bigger allocation in client portfolios according to a number of private bankers, but there are several ways in.

A newfound desire among private clients to have greater control over their investments is forcing wealth managers to change business models