All articles by Will Cain
Will Cain
Wegelin & Co creates dedicated SFO team
Wegelin & Co, Switzerlands oldest bank, has established a dedicated family office service team in Lausanne to take advantage of what it describes as a huge shift towards private banks as service providers. Managing partner Adrian Knzi told Private Banker International that the bank decided on setting up the family office team following interest in their quantitative equity strategies
The battle of the business models
Swiss private banks have had a hard time recently, with regulatory pressures on one hand and declining industry fundamentals on the other Solutions include a bigger emphasis on onshore private banking, industry consolidation and winning market share from rivals, as Will Cain reports. The genteel world of Swiss private banking has turned into a battleground in 2009, with banks attempting to prise market share from each other because of the dearth of new wealth creation.