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By Thomas Steiger*, Chief Executive Officer of VP Bank (Luxembourg) SA
It is well known that banks have been undergoing a fundamental process of transformation for years. Yet the degree to which this process extends beyond media buzzwords differs considerably from one area to the other. Where is the investment consulting journey taking us?
Looking specifically at the investment consulting business, we see radical changes in client expectations as well as new digital opportunities such as robo-advisors and a plethora of complex regulations. The question is whether such developments are calling the entire traditional notion of investment consulting into question, or whether they signify a further accelerated development of things which are...
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