Vincent Lecomte, CEO of BNP Paribas Wealth Management, insists that in order to provide a comprehensive service to clients it is necessary for all parts of the bank to pull together
Private Banking

BNP Paribas puts faith in tech and sustainability

Majority of private banking bosses reluctant to embrace change
The inherent conservatism of private bank leaders is holding back the evolution of business models, although a forward thinking minority are moving with the times

Global Private Banking Awards 2020 - Analysis: Leading players rise to Covid challenge
PWM’s annual private banking awards sees those institutions which were already repositioning for a digital era able to adjust relatively quickly to a world dealing with coronavirus

Cross-border 1MDB probes shine light on AML compliance
Most private banks have taken anti-money laundering obligations seriously and as the ongoing 1Malaysia Development Berhad scandal shows, the penalties for falling foul of regulations are severe

UBS co-heads strive to combine tradition and innovation
The drive by co-presidents Iqbal Khan and Tom Naratil to put digital at the heart of UBS's wealth management offering has been given a boost by Covid-19, but both insist human interaction remains vital

Fintech on Friday: Has wealth digitally delivered during the pandemic?
Alongside the Wealth Tech Awards for 2020, PWM hosted a video discussion around the key wealth management themes being highlighted and accelerated by the current Covid-19 crisis, including digital transformation, big data analytics and finding the illusive combination of human and robotic advice

Investors expect pandemic to create vintage private equity opportunities
Private banks, who were already promoting private equity before Covid-19 hit, now see even more opportunities in the sector as a result of depressed company valuations

Julius Baer embraces digitalisation and data to transform client experience
Private banks will only survive if they adopt new ways of doing business, believes David Durlacher, CEO of Julius Baer International

Using technology to turn obstacles into opportunities
Covid-19 has reinforced the need for private banks to transform their digital offerings, which will mean improving the client experience and efficient use of data, explained Jennifer Miller from US tech provider Vuture in a recent PWM webinar

BNP Paribas sees regional traits in reactions to Covid-19 turbulence
While European and Middle Eastern clients tend to invest with long-term horizons and are buying up stocks, Rémi Frank, global head of the key client group at BNP Paribas Wealth Management, reports that Asian investors, who have shorter timescales in mind, are reacting very differently
Join PWM's Yuri Bender for the annual announcement of our Global Private Banking Awards, plus a bonus discussion about the industry's future with Mercer's Cara Williams, Aite Group's Alois Pirker and independent wealth consultant Seb Dovey.
PWM Digital Edition (December 2020 - January 2021)
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