European banks looking East prefer to do business with local managers, believes Mirae Asset’s Jung Ho Rhee, but there is no denying the Asian investment story has lost some of its allure, at least for the time being
Profiles

LGT maxing out on Asian expansion
LGT’s CEO, Prince Maximilian of Liechtenstein, discusses the group’s withdrawal from the German market in favour of establishing regional hubs across Europe and Asia

UniCredit vows holistic path will match client lifestyles
Clients are looking for “useful” private banking advice that deals with their needs rather than the product-pushing of old, believes Dario Prunotto, UniCredit’s head of private banking

Pictet seeks safety in developed markets
Despite attractive valuations, emerging market equities are best avoided, believes Pictet Wealth Management's Yves Bonzon, while the developed world can offer a better return on capital

ECU confident multi-asset structure ready for limelight
The diversified approach offered by multi-asset investments will find favour in a world adjusting to QE tapering, believes ECU’s Antony John

UkrSibbank in step with cautious Ukrainian clients
Ukraine’s UrkSibbank has slowly but surely been making headway in the country’s private banking industry, bringing Western-style products to a clientele who are slow to trust and prefer to play it safe

Uneven road ahead for Luxembourg’s global gateway
Luxembourg is expecting a surge in business as AIFMD takes hold, while emerging market institutions are increasingly active in the Duchy. But BNP Paribas’ Frédéric Pérard warns of clouds gathering on the horizon

Innovation adds sparkle to Perrier’s fund factory at Amundi
Amundi CEO Yves Perrier prides himself on having instilled a highly efficient culture at the French firm, but regrets missing out on the purchase of Pioneer’s funds arm

Citi senses opportunity in rise of next generation
Citi’s Catherine Weir believes the vast wealth due to be passed from one generation to the next over the coming decade presents a huge opportunity for family offices and wealth managers

Pioneering Banque Syz welcomes winds of change
Eric Syz, who helped found Banque Syz along asset management lines rather than the more traditional secrecy-led model, welcomes the changes running through Swiss private banking and plays down rumours of a possible sale
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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