Tech Centric

Tech Centric

By Jonathan Gregson Market volatility and sharply higher interest rates had the biggest impact on European private banks' performance over the past year. Adverse market conditions drove assets under management (AUM) from their 2021 peak, although this was partly counterbalanced by a modest incr...

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Veröffentlicht in:Global Finance 2023-12, Vol.37 (11), p.46-46
1. Verfasser: Gregson, Jonathan
Format: Artikel
Sprache:eng
Schlagworte:
Banking industry
Banks
Interest rates
Portfolio management
Private banking
Private equity
Profitability
Social investing
Sustainability
Technology
Volatility
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Zusammenfassung:By Jonathan Gregson Market volatility and sharply higher interest rates had the biggest impact on European private banks' performance over the past year. Adverse market conditions drove assets under management (AUM) from their 2021 peak, although this was partly counterbalanced by a modest increase in net new money from clients. BEST PRIVATE BANK DIGITAL SOLUTIONS FOR CLIENTS BNP PARIBAS BNP Paribas' private banking unit has prioritized facilitating its customers' transition to higher-end services, and new technology precisely targeted at individual clients' needs is central to the effort.
ISSN:0896-4181