Private banks forced to focus
An international study carried out by KPMG and the University of St. Gallen shows that a high level of regulatory and cost pressure is forcing private banks to adopt new business models and clear client segmentation.
In comparison with other European and Asian financial institutions, Swiss private banks are planning the most extensive geographical growth, and are focusing on other key differentiators. Yet success in Asia’s emerging markets requires more comprehensive and modern services.
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The study can be found here.