Details

  • Industry: Financial Services, Banking
  • Type: Business and industry issue, Survey report
  • Date: 2/8/2012

Performance through focus 

Seizing the global private banking opportunity

Considerable regulatory and cost pressures are forcing private banks to adopt new business models and clearly distinguish between their client segments. This is according to the latest international private banking study conducted by KPMG and the University of St. Gallen.

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KPMG conducted in-depth interviews with 82 board-level executives at private banks from a cross-section of European and Asian private banking centers: Switzerland, Hong Kong and Singapore for their focus on high growth markets, Luxembourg and Switzerland for their focus on Western markets, and Austria in view of its focus on both on-shore and Eastern Europe / the CIS offshore markets.