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October 13, 2010

Private banks are making a concerted effort to win clients from family businesses as they seek to grow their onshore assets under management, writes David Bain.

Private banks are making a concerted effort to win clients from family businesses as they seek to grow their onshore assets under management, writes David Bain.
 
Swiss wealth managers who are under pressure to diversify away from non-compliant offshore money are rolling out a number of new initiatives.
 
"Private banks are wanting to court family members of businesses because they know their financial matters will be compliant," said a Zurich-based senior private banker.
 

September 15, 2010

More than a third of family businesses and their advisers (family offices) in Europe don’t believe private banks are essential to their wealth management needs, according to a study conducted by Campden Wealth.

More than a third of family businesses and their advisers (family offices) in Europe don't believe private banks are essential to their wealth management needs, according to a study conducted by Campden Wealth.

This compares with just 8% of European family businesses and advisers who thought private banks are crucial to the management of their wealth.
 

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