©Daniel Mitchell

In this report

The private banking sector faces significant hurdles, from tougher capital regulation to watchdogs’ push for greater scrutiny of global client flows, as well as a concerted international effort to curtail tax evasion. At the same time, the number of billionaires and the worth of their assets are growing rapidly, especially in Asia.

Strong growth moves Asia’s billionaires to the top

Savvy and demanding clients mean their advisers do not have a smooth ride

Larger groups are cutting back on international operations

Banks are succumbing to cost and margin pressures, as well as stricter rules

Climate change for tax havens as compliance is enforced

US-led demands for greater transparency and tougher regulation are fostering risk aversion

People walk by the headquarters of Morgan Stanley in New York June 1, 2012
©Eric Thayer/Reuters

Shake-up in prospect as competition among US brokers intensifies

Disruptive technology and price cutting are adding pressure

Switzerland: Tougher operating environment calls for a new business model

Quality of service and concentration on core clients are the way forward

Bernd Amlung

Tough decisions pay off for Deutsche Asset & Wealth Management

Integrating wealth and asset management was brutal but effective, says Bernd Amlung

Mark Haefele

Commentary: Wealthy are vulnerable to behavioural bias

UBS chief investment officer Mark Haefele on how to reduce risk

Role of family offices expands from a narrow base

The wealthy are embracing an alternative to their traditional banking relationships

Asian dynasties address handover question

Second and third generations tend to be more cautious than their entrepreneurial forebears

Rising wealth in Europe attracts rivals from the Americas

Newcomers are keen to get a slice of a growing pie

Next generation of investing opportunities is sustainable and story-led

Clients are being steered to a range of non-traditional options