Whilst many of the big markets have caught up to their pre-crisis levels, profit margins remain squeezed as increasing competition from new entrants, strict compliance demands and bloated backroom services leave many wealth management firms, family offices, boutiques and private banks struggling to make a profit.
To compete effectively and return to pre-crisis profits, the best wealth management firms require executives with the strategic experience to redefine product ranges to focus on core competencies and add value to their customer service.
