Private banking in times of crisis

Posted by Ralph Hientzsch, Karsten Junge

How must private banking position itself in the coming months and years to survive the effects of the Corona crisis as unscathed as possible. An article by Ralph Hientzsch and Karsten Junge.

Published 18. May 2020

Category: Specialist articles

What to do now

Markets in free fall, clients in turmoil: private banking is in a state of emergency these days, just like everywhere else in the country.

Nevertheless, we must not focus solely on the here and now. After all, no one could have foreseen the stock market crash – but they could have foreseen the structural, procedural and technological weaknesses that such a crash would expose!

So what lessons can be learned from the events of the past few days? How must private banking position itself for the coming years? At the interface with the customer. In the advisory service. And in settlement.

You can read the entire article here (page last retrieved 05/18/2020). (*only available in German)

You want to learn more about the topic? Talk to our experts.

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