All articles by John Schaffer
John Schaffer
The young and the restless: Millennials prefer cash over long-term investments
The wealth industry has been attempting to update itself in order to attract the next generation of clients. However, experts have seen a lacklustre appetite for wealth management services amongst millennials as they continue to prefer cash holdings. John Schaffer finds out more
Delving into key trends of the Middle East wealth industry
The Private Banker International: Middle East 2016 conference provided a forum for industry leaders in the GCC to focus on the growing wealth industry in the region. The day included a variety of keynote presentations and expert panel discussions. John Schaffer highlights the key takeaways from the event
The adrenaline addiction of serial entrepreneurs
Serial entrepreneurs are not merely driven by financial rewards; rather, adrenaline can be a key driver for continual involvement in businesses – according to research by Coutts and the Centre for Entrepreneurs (CFE).
Philanthropy: Gluing the family together
As the global wealth of HNWIs grows, the meaningful transfer of wealth to the next generation becomes crucial. Many private banks are using philanthropy as a way to introduce clients children into the concepts associated with inheriting wealth and to integrate them into family structures. John Schaffer finds out more
At the (technical) core of Islamic banking
In order to be truly Shariah compliant, Islamic banks have to implement core banking systems that can keep up with the specific demands that the religious boards as well as end-customers make. John Schaffer speaks with leading software vendors Temenos, Infosys, Misys and Path Solutions to understand the dynamics of the Islamic banking technology provisions underpinning this growing area
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UAE A tough market to crack
The UAE has been facing challenges in a post financial crisis environment that have weighed down on the wealth industry. Investors favour cash, are weary of equity markets and the sticky relationships with local advisors make it difficult for international players to make a mark. John Schaffer speaks with Boston Consulting Group and Capgemini analysts to gain more insights
Finovate Europe: Wealth sector innovation takes centre stage
The technology buzz has certainly grown in the private banking and wealth management industry, after a relatively slow start. This years Finovate Europe that took place in London showcased more innovations in the sector than ever before. John Schaffer highlights some of the presentations that piqued PBIs interest
UBS appoints alternative investments distribution specialist
UBS Wealth Management has appointed Jonathan Nash as alternative investments distribution specialist for UK & Jersey.
COUNTRY FOCUS: Growing wealth in Chile
Chile displays a prosperous environment for HNWIs, especially when other Latin American countries have faced significant challenges of late. The private banking environment is highly concentrated on the domestic players, accounting for a 90% share. A recent report from WealthInsight suggests that wealth in the region is set to grow further
Credit Suisse and Barclays fined over US dark pools
Credit Suisse and Barclays have been fined a total of $154m by US regulators for “dark pool” trading.