Private banks’ business models continue to evolve, with most focusing on their core home markets while looking to outsource back office functions to outlying financial centres. But the biggest changes in the way wealth managers do business will be driven by the changing needs, and profiles, of their clients
From the editor
Private banks finally ask: why are we here?
Is the prime role of a private bank to provide investment expertise to its clients or to build a close relationship through a much wider range of services? Opinion is divided, but the industry is at last asking the right question
Silver lining to cloud over private banking
UBS and Credit Suisse may have posted disappointing results but both are doing well in Asia, the key battleground for private banking
Société Générale's return home a sign of things to come
SocGen’s sale of its Asian private banking unit to DBS marks a change of emphasis for the bank and could be the first of many
Learn from experience in emerging markets
Emerging markets have underperformed global equities so far this year but investors should not be too quick to write them off
Smaller product menus appeal to Asian private banks
With the sale of mutual funds becoming ever-more complex, the benefits of slimming down the number of products on offer are considerable
Fear dulls appeal of riches in the East
Private bankers sense plenty of opportunity in Indonesia, but face a hard time convincing wary clients to switch to equities from the perceived safety of bonds
Investment houses must ride political tremors
While there are worries about upheavals among China’s political elite, regional rivalries are a fixture of Chinese finance and government
New thinking to target new wealth
Banks active in Asia are rethinking client offerings, to adjust to the changing mentality of the region’s increasingly currency conscious wealthy investors
Boutique wealth managers face struggle for share of market
Boutique wealth managers are springing up across Asia, but competition from both global and regional players is fierce
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