“There’s no travel time, and much less time lost running from meeting to meeting.” If the Zoom era lasts post-pandemic, which seems likely, banks may also save on compensation by shifting advisers out of the highest-cost financial capitals, she adds.
#Julius baer private bank professional
“Productivity has gone up for many professional services,” says Jill Zucker, a senior partner at McKinsey & Company in New York.
“Advisers are stepping up to be trusted advisers.”Ī massive shift to online communication may prove a blessing for banks as a cost-cutting tool.
“Our surveys show more than 80% of clients are satisfied or very satisfied with their banks,” says Nalika Nanayakkara, who leads EY’s wealth and asset management practice in New York. DIY financial management went out of fashion the family confidante came back in. Indeed, high-net-worth individuals seemed to become more attached to private bankers as pandemic-related turmoil swept through their businesses, families and portfolios. “They have remained close to current clients and managed to bring in new clients.” “The biggest banks and wealth managers proved themselves quite resilient and robust,” says Meghna Mukerjee, the firm’s London-based senior analyst. Assets under management at the top 25 global private banks swelled by 14% to $29 trillion in the year to June 30, 2021, according to consultant Aite-Novarica Group. Pictured top: L-R Craig Allen, Stephen Burt, Jean-Luc Le Tocq.The global rich stuck by their bankers, even as the profession’s traditional lifeblood-cozy personal interaction-abruptly stopped flowing. The Euromoney awards will be formally presented on 21 February. Success in initiatives like the Euromoney survey is the consequence of exceptional client service and performance so we are grateful to everyone who voted for us.” We are enormously proud that our clients reciprocate that positive feeling and continue to place their trust in us and that these strong relationships are recognised by our peers,” said Jean-Luc Le Tocq, Head of private banking at Julius Baer in Guernsey.Ĭraig Allen, Head of investment management at Julius Baer in Guernsey, added: “Our local team is made up of experts in their fields and that is certainly true of our asset management professionals. “Private banking is fundamentally about building strong, long-term relationships so to have been recognised by Euromoney as providing the best private banking services is testament to the relationships our staff have built with our clients. To have also won a Citywealth award caps a very successful start to 2019.”Ģ019 marks the 16th edition of the Private Banking and Wealth Management Survey and the results are reported in order to inform high net worth individuals on the range of services and providers available to them. We are grateful to everyone who nominated us. This outcome is due to the hard work and expertise of our staff, who all contribute to the success that has seen us recognised by our peers. Stephen Burt, Branch Manager of Julius Baer in Guernsey, said: “We are proud to have received such positive results in the latest Euromoney survey. The survey is completed by private banks and wealth managers and peer nominations contribute to the results. The awards recognise the excellence of advisers and managers in the private wealth sector in the major international finance centres.īusiness magazine Euromoney runs its annual Private Banking and Wealth Management Survey as a qualitative review of the best services in private banking by region and areas of service. Julius Baer’s Guernsey Euromoney award wins follow the bank being named as Private Bank of the Year – Channel Islands in the Citywealth IFC Awards, announced in January. And on that anniversary, won a total of six of the Guernsey categories including wins for specialist services such as ESG/Social Impact Investing and Research and Asset Allocation Advice. The international private bank is celebrating 30 years in Guernsey this year. Julius Baer in Guernsey has won the headline categories of Asset Management and Best Private Banking Services Overall in the 2019 Euromoney Private Banking and Wealth Management Survey, which recognises the leading providers of private banking services. Julius Baer ranked top private bank in Guernsey by its peers Tuesday 12 February 2019
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