Demand for private banking is increasing and the market is highly competitive. But, says David Stearn, of Fairbairn Private Bank, it isn't always the big names that provide the best service
The private banking sector is well developed and is currently experiencing a period of dynamic activity. With several years of bullish markets, sustained economic growth and increasing globalisation resulting in increasing numbers of wealthy individuals, the services of experienced wealth managers have never been more in demand. Despite this increasing demand, the key influences have remained fairly constant over the last decade - more competition, mergers and acquisitions, and consolidation to name but a few. There remains intense competition in the marketplace, not only from traditional...
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