Tuesday, July 28, 2009

Private Bankers, can't live with them, can't live without them

Great thing about vacations is it gives you time to read and here is a very good presentation on the global private banking industry by PricewaterhouseCoopers: http://www.pwc.com/gx/en/private-banking-wealth-mgmt-survey/index.jhtml

For most of us, much of our private trust business comes from or is inter-twined with the private banking business. Take a look at Figures 13 & 14 on pages 24 & 25, and you see where our opportunities lie.

Looks like a rosy future if Trusts and fiduciary services is "Very Important" (2nd highest, following Tax and estate planning) according to 27% of business heads but......it's one thing to have a strategy/vision and it's another thing to actually implement it.

Getting it right is entirely another matter.



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