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When Building a private bank: what are the 3 strategic questions? - Evrard Bordier

Evrard Bordier of Bordier & Cie

Mar 19, 2019

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1. When Building a private bank: what are the 3 strategic questions?

Video transcript

1. When Building a private bank: what are the 3 strategic questions?

For large commercial banks wanting to build a private bank the three questions they should answer is firstly, do they want to enter private banking? As such, we have ample evidence that private banking is a fantastic business to come into, although it's full of challenges as well. Second is when you build a private bank, do you do it yourself, or do you do it with a partner? We believe that obviously you should choose a partner, and you should focus on what you know best and delegate the things you're not good at. The third question is when you choose a partner, do you take a small partner or a large partner? For this, well, if you take a large one, it has no media impact, but obviously is very well known. So, both have benefits and weaknesses. We believe that a smaller partner is a better way to deal with a partnership, because there's no competition. A small bank will not go in your territory and will not get licensing and compete with you.