Press release
Private banking: investor confidence diminishes
8th Private Banking Summit, 1-3 September 2009, Renaissance Zurich Hotel• Top decision-makers discuss the latest developments
• Banking confidentiality and the double taxation agreement - how to proceed?
• Better training for customer service representatives
Zurich/Düsseldorf, 7th, July 2009. Against a backdrop of rapid changes in the private banking environment, some of the most important decision-makers in the world of international private banking will be discussing strategies for the future in Zurich. There are certainly enough challenges: according to the latest World Wealth Report from Merrill Lynch and Cap Gemini, the financial crisis has strongly reduced the number of millionaires in the world. Increasing numbers of these are dissatisfied with their banks. Regulatory changes, including the relaxation of banking confidentiality, require new adjustments on the part of banks. And the strong correlation of the financial markets during the crisis, as well as bankruptcy and fraud cases, have made obtaining good investment yields even more difficult.
How can customer confidence in the banks be re-established? Which role do differentiation and a strong brand play in the fight for customers? Onshore versus offshore, local versus global - which strategies are currently sensible? These and other questions will be examined at the 8th Private Banking Summit (1-3 September 2009, Zurich) by some 150 participants. Over 30 international decision-makers, including Walter Berchtold (Credit Suisse), Boris Collardi (Julius Baer) and Pierre de Weck (Deutsche Bank) will lecture at the English-language conference, on the challenges facing the European and global private banking market. The programme can be viewed on the Internet at www.private-banking-summit.com/?dn-09-en
Banking confidentiality and the double taxation agreement
Further highlights of the conference include the effects of modifications to banking confidentiality, as well as the new double taxation agreement, currently being elaborated by Switzerland and Luxembourg. Dr. Konrad Hummler (Partner, Wegelin & Co. and Chairmen of the Swiss Association of Private Bankers) and Charles Hamer (Chief Executive Officer, Crédit Agricole Luxembourg and Chairman of the Luxembourg Private Banking Group) will discuss these changes. Dr. Rudolf Stahl (CEO and Partner at Bank Gutmann, Vienna) and Beat R. Sigg (Executive Board Member of the hotel group of Victoria Jungfrau) will lecture on important aspects of customer service.
Dr. Harry Hürzeler (Chairman of the Board of the Swiss Finance Institute) will critically address the topic: Are customer service representatives even trained properly? Topics from developing countries will also be focused on at the conference. From the standpoint of a multi-family office, Andrew Nolan (Executive Director and Head of Private Clients, Stonehage Group, Zurich) will explain various governance problems caused by the financial crisis in wealthy families. A discussion panel will dedicate itself to the effects of nationalisation in the financial sector that has recently taken place.
Asset management and asset protection
The post-conference day on 3 September will be devoted to the topic "Asset Management and Asset Protection". Business models in asset management will be covered, as well as the consequences of the Lehman bankruptcy and the Madoff fraud case, investment possibilities in times of high correlation, and the question of how Swiss banks can be held accountable for assisting German customers in avoiding tax payments.
Contact:
Claudia Büttner
Director Press/Internet
EUROFORUM
Prinzenallee 3
40549 Düsseldorf
presse@euroforum.ch
http://www.euroforum.ch
EUROFORUM Schweiz AG
In Europe, the name EUROFORUM stands for high-quality conferences, seminars and workshops. Selected lecturers with practical experience report on current topics from the worlds of finance, science and administration. Furthermore, we offer executive managers a first-class forum for the exchange of information and experiences. EUROFORUM Schweiz AG is part of the internationally active Informa Group.
Informa plc, with headquarters in London, annually organises and plans over 12,000 events around the world. In addition, Informa has an extensive portfolio of publications for the academic, scientific and financial markets. Informa is active in over 80 countries and employs more than 10,000 staff members.
This announcement is originally distributed by Hugin.
The issuer is solely responsible for the content of this announcement
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Private banking: investor confidence diminishes here
News-ID: 87087 • Views: …
More Releases from EUROFORUM Schweiz AG
Crisis calls for rethinking in wealth management
9th Private Banking Summit, 1-3 September 2010, Gottlieb Duttweiler Institute, Zurich, private-banking-summit.com/
• Declining margins in wealth management
• Clients want capital preservation and inflation-protected returns
• New cross-border banking world is changing the product range
Zurich/Düsseldorf, 23 June 2010. The transnational business with private clients is undergoing massive changes. The days of tax arbitrage are over, and experts are predicting a further increase of cutthroat competition in the private banking sector. Bank managers have also observed…
More Releases for Bank
Mortgage-Backed Security Market 2022: Industry Manufacturers Forecasts- Construc …
The Mortgage-Backed Security research report is the professional report with the premium insights which includes the size of the business, the ongoing patterns, drivers, dangers, conceivable outcomes and primary segments. The Market Report predicts the future progress of the Mortgage-Backed Security market based on accurate estimations. Furthermore, the report offers actionable insights into the future growth of the market based on inputs from industry experts to help readers formulate effective…
Doorstep Banking Services Market Challenges and Opportunities in Banking Service …
Doorstep banking is a facility provided so that user don't have to visit bank branches for routine banking activities like cash deposit, cash withdrawal, cheque deposit, or making a demand draft. The bank extends these facilities at user work place by appointing a service provider on your behalf.
This service was earlier available only to senior citizens but it is available to everyone with nominal fee charges, depending on the type…
Payments Landscape in Iran: Opportunities and Risks to 2021- Bank Saderat Iran, …
Payments Landscape in Iran: Opportunities and Risks to 2021
Publisher's "Payments Landscape in Iran: Opportunities and Risks to 2021", report provides detailed analysis of market trends in the Iranian cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including payment cards and cheques during the review-period (2013-17e).
The report also analyzes various payment card markets operating in the industry, and provides detailed…
India Retail Banking Market Dynamics 2018 by SBI ICICI, HDFC, Axis Bank, Bank of …
Margins among Indian banks remained high at 6.3% in 2017 in comparison to its peers China (2.8%) and Malaysia (2.6%). The average cost-to-income ratio remained at around 53% during 2013-17, marginally higher than China (50%) and Malaysia (51%). However, there remain large disparities in operating efficiencies within the market. The same is also true for profitability, with large disparities in return on assets figures. This is due to rising compliance,…
Payments Landscape in Iran: Opportunities and Risks to 2021- Bank Saderat Iran, …
Payments Landscape in Iran: Opportunities and Risks to 2021
Publisher's "Payments Landscape in Iran: Opportunities and Risks to 2021", report provides detailed analysis of market trends in the Iranian cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including payment cards and cheques during the review-period (2013-17e).
The report also analyzes various payment card markets operating in the industry, and provides detailed…
India Retail Banking Market Dynamics 2018 by SBI ICICI, HDFC, Axis Bank, Bank o …
Margins among Indian banks remained high at 6.3% in 2017 in comparison to its peers China (2.8%) and Malaysia (2.6%). The average cost-to-income ratio remained at around 53% during 2013-17, marginally higher than China (50%) and Malaysia (51%). However, there remain large disparities in operating efficiencies within the market. The same is also true for profitability, with large disparities in return on assets figures. This is due to rising compliance, regulatory, and other…