Few people would argue that the private banking industry, and indeed the financial services sector...
Few people would argue that the private banking industry, and indeed the financial services sector as a whole, is operating in one of the toughest environments in modern times. It is not only the difficult stock market climate that has had a major impact, but also the amount of competition there is in the marketplace for high net worth clients by the newly evolved private banking sector, which had previously been fragmented. If one examines how private banking has developed over the past 15 years, it was the Swiss players such as UBS and Pictet who originally had the sector sewn up and ...
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