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Switzerland has, for long, been a significant global private banking destination.
And despite changes to the banking secrecy procedures, the famed Swiss banks are unlikely to face any significant challenge any time soon. However, in the backdrop of the current economic scenario, private banks must take note of the undercurrents—and take immediate, decisive steps.
This Point of View provides a blueprint of action for Swiss private bankers. It provides deep insights to guide critical business decisions. And it defines, based on extensive research, the four critical areas that require immediate attention: positioning and strategy; top-line revenue growth, bottom-line profitability, and governance and risk management.
Oktober 26, 2009