The new generation of entrepreneurs are as motivated to change the world as they are to make money. Private banks must adapt in order to meet these needs
Wealth Management

New ethos needed to match millennials’ entrepreneurial spirit

Teething problems inevitable as China opens up, says Eastspring
The Chinese authorities’ attempts to manage a deteriorating economy should improve with experience, says Eastspring’s fixed income director David Lai

Succession planning: Family unity key to establishing who will follow the leader
Both entrepreneurs and their offspring lose sleep over how family assets should be passed between generations, while wealth managers are terrified of losing clients. A clear and open discussion is vital in ensuring a smooth succession

Next generation reshapes world of philanthropy
Charitable activities can bring families together, but with younger generations frequently having different goals and ideas, they can also prove divisive

Asian expansion spearheads UBP’s global ambitions
UBP boss Michel Longhini discusses his firm’s takeover of Coutts’ Asian arm, the importance of asset management to his business and the challenges facing Swiss banks

Finding the formula for brand success
The fund management business may be dominated by the branding power of global players but there are still plenty of boutique firms delivering healthy returns

Brexit could benefit City of London
Some of the names may change, but London is well placed to survive, and may even thrive, as a financial centre should the UK vote to leave the EU

Time to unleash the geeks on unsuspecting public
UBS’ fall in profits is symptomatic of the changing nature of client relationships. Private banks must respond by getting their specialists onto the front lines
Wealthy women seek advisers with eye on bigger picture
There are more female billionaires than ever before, with Asian entrepreneurs the big driver. But these women require a different approach from private banks than their male counterparts

Ball now in boutiques’ court for Asian recruitment game
With the regulator’s radar firmly tuned towards big banks, smaller players are now able to offer their relationship managers much greater flexibility, making them much more appealing in the battle for talent
Global Private Banking Awards 2023
PWM Digital Edition (March–April 2023)
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