When considering private banking, one of the fundamental decisions individuals face is choosing between an independent structure or a generalist bank. Both models offer distinct benefits and drawbacks, tailored to different client needs and expectations. Independent Private Banks Advantages: Specialization and Personalization: Independent private banks often specialize in wealth management, offering tailor-made advice and services…
In such unstable times, European private banking has shown itself to be a strong model. Despite many challenges such as geopolitical instabilities, evolving regulations and COVID-19 economical consequences, European private banks have managed to adjust and maintain the trust of their clientele. The key factor of this resistance is the ability of private banks to…
In today’s world where data has become a crucial resource, IT security has become a priority for companies and organizations of all dimensions. Private banks, protecting their customers’ wealth, are particularly targeted by cyber attacks and must constantly face these threats. What are the cybersecurity challenges of private banking? Private banks manage large amounts of…
Recruiting new employees is an important process for companies because it helps find the most qualified people to fill vacant positions. However, many recruiters make mistakes in hiring and as a result, the best candidate is not always the winner. Whether a recruiter is new or experienced, he or she can make a mistake during…
Private banking is increasingly sought after for responsible and sustainable investments. These investments seek to have a positive social and environmental impact while generating attractive returns. Investors use their assets to support projects or institutions that have a positive impact on communities and the environment. Several types of responsible and sustainable investments are available to…
The private banking industry has been evolving over the past few years. Trends are multiplying and the industry is constantly adapting. Private bankers are faced with an increasingly demanding clientele whose product preferences are continuously evolving. Private banking, like any other banking segment, is influenced by several factors such as the growth of the economy,…
Stock picking is not an easy task. Many potential investors would like to buy stocks but they face challenges and therefore start looking for an answer to their questions: Which stocks are safe? Which ones guarantee the best ROI (return on investment)? Define your risk tolerance: Numerous individuals choose to invest their money in stocks…
The global economy is facing a recession in 2023 and it’s becoming difficult for businesses and individuals to continue their activity. It is important to understand the recession in order to understand how banking can help to overcome it. A recession is defined as a period of time where there is a significant decline in…
Nowadays, with the current instable and volatile economic environment, every company in the world can face crises. Crisis management is a soft skills that only few people master, especially managers. When you lead a team, this is one of the qualities that should define you as a leader. We all know that a bad crisis…
Africa is currently facing big changes and is growing fast, a lot of its countries are developing and the number of HNWI and UHNWI is only going higher. Even though the continent faced many challenges in addition to the Covid-19 crisis, it’s still standing and moving forward. Around 136 000 HNWI are living in Africa…
