PWM spoke to three leading wealth management experts in order to try and determine the key challenges facing private banks
Consultants' Corner
‘New normal’ continues to haunt private banks
The private banking industry may be experiencing strong growth but increased regulation is leading to higher costs
Taxing times for wealth management industry
The automatic exchange of tax information between countries is, to an extent, a welcome development, but will officials be able to cope?

Asia’s personnel problems approach crisis point
Unless the number of quality relationship managers in Asia increases, private banks are likely to put greater resources into digital alternatives

World’s wealthy switch on to digital finance
Wealthy individuals are placing ever more importance on digital technology in managing their financial affairs, but trusted advisers still have a role to play
Swiss banks reeling as US tax deal begins to bite
Swiss banks are seeing their reputations take a battering as they face up to US charges of tax evasion, yet they have no option but to comply with the authorities
Wealth managers fail to match clients' changing objectives
Wealthy clients often swap managers when undergoing a lifestyle change, suggesting advisers are not doing enough to adapt
Credit Suisse offloads German operations
The sale of Credit Suisse’s private banking operations in Germany has come as something of a surprise, but the country remains a tough nut for foreign banks to crack
Global players find place for Africa on investment map
Africa’s economic growth is attracting global investors, while wealth managers are seeking business among its HNW population

Investors call for tailored Asia Pacific proposition
Wealthy individuals in the Asia-Pacific region have different needs and demands to clients in the rest of the world, and managers need to offer them tailored solutions
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