Private Banking

With fintechs and a technologically advanced population, Asian private banks look highly competitive—if they can surmount the Covid crisis.  

Declining stock markets spell opportunities for family offices. But with some countries responding to the Covid-19 crisis better than others, geography matters.  

Under Covid-19, private banking clients in Africa are demanding more advice—especially on foreign exchange and commodities.  

The MENA region is rapidly minting millionaires, but the Covid pandemic and a generational shift in ownership of wealth promise changes in how it’s invested and in what.  

As foreign firms expand with majority stakes, formerly dominant Chinese domestic banks look for ways to maintain their edge. 

A crisis may spell opportunity, but it’s still a crisis. Look for digital acceleration and further consolidation as the post-Covid world takes shape.

The growth of Panama's economy is lifting the banking sector, particularly private banking.

More and more families are accumulating enough wealth to need not just a private banker, but a whole flock of them, growing the ranks of family offices. 

Rising fortunes in the Middle East are driving the private-banking market toward socially responsible investing, Islamic products and more digital tools. 

A rising entrepreneurial class is fueling the growth of African private banking, and competition is heating up.  

Private-banking assets in East Asia will soon outpace Europe, but competition is fierce. Effective digitization holds the key to success.

New tools and partnerships are expanding what regional banks can offer, and they still shine for local expertise. 

Swedbank, Nordea and Danske Bank are hoping new tech and green-investment offerings can power them past a money-laundering scandal. 

Sometimes jittery markets can make wealthy clients panic. Those are the times when private bankers really earn their fees.

China's rise is changing the private banking landscape.

The wealth built in emerging markets is transforming the private banking sector, with the needs and desires of the emerging-markets ultra-rich changing as rapidly as the markets themselves.

As mandates grow in number, severity and complexity, wealth management firms increasingly look to technology for help.

So-called tax havens face pressure as regulators seek to stem malfeasance, but there are legit reasons to go offshore.

David Bailin, global head of investments at Citi Private Bank, talks with Global Finance about the worldwide growth in family offices and how investing globally can boost portfolio returns.

The complex wealth of globe-trotting executives and entrepreneurs comes with unique considerations, requiring specialized understanding and advice.