This useful new book, written by a former McKinsey consultant, David Maude, is an up-to-date, detailed, practical guide to global private ba...

This useful new book, written by a former McKinsey consultant, David Maude, is an up-to-date, detailed, practical guide to global private banking and wealth management. It drills deep into the subject and blows away a number of industry myths. For example, it shows that the associated economics vary substantially across players, geographies and client segments; that the industry is far more than discretionary asset management; and that the death of offshore has been greatly exaggerated. The book is structured around a fact-based perspective on the key challenges, including: the changing client profile; product, pricing and distribution channel pressures; competitive intensity and business-model upheaval and the external challenges, such as regulatory resurgence. The book aims to become the industry “bible” amongst its primary target audience of industry practitioners from chief executives to relationship managers. Published by Wiley, Global Private Banking and Wealth Management, The New Realities is available, price £45. Tel:+44 (0) 1243 779777.