Disregarding personal relationships can hurt private banks’ bottom line

Remote channels and algorithms provide cost savings, but only to a certain extent. If personal relationships are compromised so too are private banks’ bottom lines, says GlobalData The importance of personal relationships in private banking is well established. Data from GlobalData’s Global Wealth Managers Survey shows that personal relationships are the number one reason why…

JPMorgan hiring in Germany amid private banking push

JPMORGAN Chase & Co is hoping to grab a larger slice of Germany’s private-banking market as wealthy individuals increasingly turn to international companies for advice. Traditionally, rich Germans have often maintained loyal relationships with one local lender and one from Switzerland, according to Hakan Straengh, who runs JPMorgan’s private-banking business in Germany from Frankfurt. However,…

Swiss Firm Seeks Mellifluous Returns

A Swiss technology firm is shopping musical assets to super-rich investors. The new investment class offers juicy returns – and unconventional risks. Wealthy investors are hunting private markets for return, as a new push from UBS illustrates. Private debt, hedge funds, art, real estate, cars, cryptocurrencies – the asset classes are enjoying a surge in popularity among…