Welcome to the 2009 Reuters Global Wealth Management Summit
A year after the implosion of Lehman Brothers, private banking leaders will gather in Geneva, Boston, Tokyo and Singapore on October 5
â€“ 7 to share their views about the future of wealth management across the globe.The industry is at a crossroad. After the Madoff scandal and the collapse of bank secrecy in Switzerland and other major offshore banking centres many players have to rethink their banking model and work hard to regain their clients’ trust.
Swiss bank giant UBS, once the world’s biggest wealth manager, was badly hit by a U.S. tax fraud investigation and is challenged by new industry heavyweights.
Will UBS regain its leadership or will emerging Asian and Australian banks continue to chip away at UBS’ dominant position in the Asia-Pacific? Is offshore private banking doomed? Will private banking remain a profitable business? Where are clients putting their money as the world emerges from the subprime crisis? How different are the new rich in Asia and Latin America from Europe’s old money?
These are some of the questions Reuters reporters will put to top private bankers as the industry struggles with what may be its biggest challenges ever. Reuters Global Wealth Management Summit will generate exclusive interviews and investable insights from our team of expert reporters, as well as online videos and blog postings, which will be immediately available only to Thomson Reuters clients during the Summit.