Luxembourg

Details

  • Industry: Financial Services, Banking
  • Date: 2/27/2012

Contact :

Alain Picquet

Partner

Tel. +352 22 51 51 7910

alain.picquet@kpmg.lu

 

Stanislas Chambourdon

Partner

Tel. +352 22 51 51 6206

stanislas.chambourdon@kpmg.lu

 

Gérard Laures

Partner

Tel. +352 22 51 51 5549

gerard.laures@kpmg.lu

 

Michael Eichmüller de Souza

Senior Manager

Tel. +352 22 51 51 6828

michael.eichmuellerdesouza@kpmg.lu

 

Performance through focus - Seizing the global private banking opportunity 

This survey of private banking trends looks at how banks across Luxembourg, Switzerland, Austria, Hong Kong and Singapore are positioning themselves to tackle the opportunities ahead. Providing some powerful insights into success factors, we share views on whether banks are doing enough to focus on future opportunities.
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Considerable regulatory and cost pressures are forcing private banks to adopt new business models and clear client segmentation; this according to the latest international private banking study conducted by KPMG and the University of St. Gallen.

 

The study also covers issues such as:

 

  • How does Luxembourg fare in international comparison to its competition in Switzerland, Austria, Singapore and Hong Kong?
  • Are location-related factors such as political stability or client data confidentiality still regarded as key unique selling points?
  • Is it even worth continuing to pursue cross-border business in such a heavily regulated environment?
  • How is the expected wave of consolidation in the private banking sector developing?
  • Which clients should be served and which not or no longer?
  • How will the role of the client advisor change?