The French asset manager’s chief economist, Raphael Gallardo, speaks to PWM about the impact of the war in Ukraine, the future of Europe and the tribalisation of US politics

Although popular with clients, the long-standing ‘one bank’ business model is no longer ubiquitous, with boutique firms also starting to shine

The Swiss stalwart has undergone myriad structural changes but a cultural transformation is equally important

Wealthy individuals are not immune from struggles with their emotional wellbeing, with unprepared recipients of sudden wealth particularly vulnerable

Customers now expect companies to be able to show how they are working for the good of society and the planet, and those merely paying lip-service are quickly found out

If wealth managers are to achieve future growth and value, both the client and adviser experience needs to evolve

Hubert Keller, transitioning to the role of senior managing partner at Lombard Odier, is determined to boost exposure to private markets and hedge funds, while adding a sustainable flavour to the product suite

Wealth managers will need to reduce costs and build scalable business models to successfully tap into the less affluent client segments