Key commercial topics for private banks and wealth managers in 2023

Owing to major factors such as supply chain shortages, inflation, Russia’s invasion of Ukraine, the energy crisis, and the continued COVID-19 pandemic in some regions of the world, 2022 marked the end of a bull run that had lasted over a decade. However, the imminent downturn can be a time for private banks and wealth managers to reevaluate and strengthen their commercial agenda. Learn more about five key commercial initiatives to realize short- and long-term impact.

The uncertainty brought on by the major crises from recent years has resulted in stock selloffs, causing major indices such as the S&P 500 and MSCI World to fall by more than 25 percent and 27 percent respectively from their peak in early 2022. These developments have had a huge negative impact on investor confidence.

While the potential for an economic slowdown has been on the horizon for a while, recently we have seen reductions in asset values and significantly reduced…