Switzerland’s suspension of secrecy laws suggests global cooperation over tax strategy is possible, but wealth managers need to raise their game if they are to guide clients through this new world
Consultants' Corner
Westward trickle of Indian wealth could become flood
Asia’s rising wealth is making its way into Western markets, and this flow could well increase if the Indian tax authorities continue to target the country’s affluent population
Flurry of M&A activity in wealth management driven by search for scale
The recent M&A activity surrounding Credit Suisse and Schroders is symptomatic of wealth managers’ determination to concentrate on their most profitable markets
Wealth managers must work to match clients' appetite for technology
Clients are not satisfied by the technological capabilities of their wealth managers, putting firms under pressure to upgrade

Wealth management firms face challenges to win back clients
Wealth management firms have suffered from falling valuations and need to adapt their business models to an environment of rising regulation and a frail economic recovery

Reputations take a pounding from regulators’ firing squads
The damage to banks reputations from scandals will make it harder for these institutions to secure private client business

Leading players to dispose of private banking offshoots
It is looking increasingly likely that many of the big global financial players will seek to offload some of their private banking operations, but who might step in to buy them?

Wealth managers taking a leaf out of the institutional book
By combining buy-and-hold investing with short-term opportunism, wealth managers are learning from institutional investors

Untenable positions may force UK firms to seek buyers
A number of UK-based financial services firms are likely to come onto the market in the near future, but any such developments are more likely to be about sellers wanting out than buyers looking to get into private banking

M&A boom a sign of the times
Tougher regulation around the world is driving consolidation within the wealth management market
Global Private Banking Awards 2022
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