Boston, October 29, 2020 – The sharply advancing technology landscape has always been an opportunity and a challenge for private banks and wealth managers in Europe. But the COVID-19 pandemic has snowballed the industry’s adoption and usage of wealth management technology out of dire need. It is now obvious to even the most die-hard naysayers that digital is no longer an ancillary side strategy or business line within wealth management. It is firmwide, strategic, and an inseparable enabler of doing business.
This report explores the current and future strategic priorities of wealth management firms operating in or headquartered in the U.K. and mainland Europe several months into the onset of the COVID-19 pandemic. It is based principally on a quantitative survey of and ongoing dialogue with 20 wealth management practitioners in Europe at two points in time: August and September in both 2019 and 2020.
This 43-page Impact Report contains 21 figures and one table. Clients of Aite Group’s Wealth Management service can download this report, the corresponding charts, and the Executive Impact Deck.
This report mentions Bankia, BNP Paribas, CaixaBank, Cazenove Capital, Commerzbank, Credit Suisse, Deutsche Bank, Formuesforvaltning, Intesa Sanpaolo SpA, JPMorgan Chase & Co., J. Safra Sarasin, Julius Baer, Reyl, Sandaire, Schroders, UBS, Union Bancaire Privee, and Unione di Banche Italiane SpA.
About the Author
Datos Insights
We are the advisor of choice to the banking, insurance, securities, and retail technology industries–both the financial institutions and the technology providers who serve them. The Datos Insights mission is to help our clients make better technology decisions so they can protect and grow their customers’ assets.
Other Authors
Wally Okby
Wally Okby is a Strategic Advisor for Datos Insights’ Wealth Management practice. He is a thought leader and trusted advisor to leading global clients across North America and EMEA, including alternative investment stakeholders, global private banks and wealth managers, portfolio management and reporting vendors, core private banking technology providers, ESG rating agencies and specialized data providers, and socially responsible investment...