Product Description

Wealth management is one of the areas in which banks and other personal financial services players are investing heavily. But the market is changing fast. Going forward, players therefore need to adapt their strategies to the new realities: what worked in the past will not, for the most part, be appropriate in the future. This unique book, written by a former McKinsey consultant, offers an up–to–date, detailed, practical understanding of this exciting area of financial services.

Product Details

• Amazon Sales Rank: #62699 in Books
• Published on: 2006-06-30
• Original language: English
• Number of items: 1
• Binding: Hardcover
• 360 pages

François Debiesse, Chief Executive Officer, BNP Paribas Private Bank
"...a powerful analysis of the wealth management market... particularly relevant and helpful to private banking professionals around the globe."

From the Inside Flap
Global Private Banking and Wealth Management.

"David Maude has written a fascinating and comprehensive overview of private banking which will be of great interest to practitioners, clients and students." – Dr. Alex W. Widmer, Chief Executive, Officer, Private Banking, Julius Baer

"The essence of private banking has not changed for hundreds of years, but the global environment in which we operate and the tools at our disposal are evolving at an unprecedented rate. This book is welcome for providing a remarkably thorough, detailed and accurate overview of the industry and the issues it presently faces." – Alexander Hoare, chief Executive, C Hoare & Co

"David Maude has produced a powerful analysis of the wealth management market. At a time when the industry is evolving rapidly and facing numerous challenges, this book will be particularly relevant and helpful to private banking professionals around the globe."– Francois Debiesse, Chief Executive Officer, BNP Paribas Private Bank

"A Comprehensive guide to the wealth management industry in terms of development, the current economic and competitive landscape, and future areas of growth." – Bryan Henning, Global Product Head, Wealth Management, Standard Chartered Bank

From the Back Cover
Wealth management is one of the areas in which banks and other personal financial services players are investing heavily. But the market is changing fast. Going forward, players therefore need to adapt their strategies to the new realities: what worked in the past will not, for the most part, be appropriate in the future. This unique book, written by a former McKinsey consultant, offers an up–to–date, remarkably detailed, practical understanding of this exciting area of financial services.

Packed with best–practice examples and perspectives on the opportunities ahead, highlights include:

• Wealth management challenges: new and old
• The changing client profile
• New products, pricing and channels
• Competitor and business–model landscapes
• External challenges and opportunities
• Future perspective
• Wealth market analyses for 25 countries

For anyone involved in wealth management, this should be a compulsory read.

Customer Reviews

Exceptionally useful book
Fantastic book. Genuinely global perspective and bang up to date. includes difficult-to-get data on industry economics and benchmarks, a fascinating future perspective on industry growth, and incisive analysis of a vast range of surveys and reports that I (a financial services strategy veteran) never knew existed. Very clear and well written. Invaluable for helping our organisatn develop a wealth management strategy.

Insightful survey of the private banking and wealth management industry
In this lengthy and detailed survey of the private banking and wealth management business, David Maude offers a picture of the current condition of the industry and provides historical detail about how the very wealthy manage their affairs. His objective and balanced chapters examine the challenges confronting the business today, as client relationships change, and he offers a vision for the future. This book probably belongs on the shelf of those in the private banking and wealth management business, or those rich enough to need the advice. We recommend it to anyone with an interest in how other people's money is managed.

Thoroughly satisfying
The contents never resort to trivializing the material, which gripped my imagination like a riptide and got my juices flowing. This was certainly an eye opener for me! Whilst one cannot deny that the content is unique, it does have a universal appeal to it. The writing is clear and engaging, informative.