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Manuel San Salvador, CEO Andbank Luxembourg talks about the key elements to success in today’s Private Banking environment. His conclusion is that Banks have to come back to the basics combined with an outstanding technological platform.
In times of over-regulation, easy market access, stark competition and extraordinary low interest rates, what should wealth management and private banking exactly look like?
Well, in our view, very much like it looked like during the past one hundred years. A true private bank will be exactly that – private. Is time to go back to basics.
The modern private bank will be ideally family owned, which allows aligning the interests of shareholders, clients and bankers in the long term. The true private...
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