The Future of Private Banking

Table of Contents

Future Trends...

The future will not be more of the same ...… we need to be ready

Mergers - take overs - job movesLeadership Changes

Eat or be Eaten !Living until the next merger

“Gaining Critical Mass…” 

Investment and Institutional Banking

Impact of technology - differences

The world is running faster

World Trends

Example of financial services industry

New Ways to Manage Wealth

Virtual Trading? - Virtual Exchange?

Change or Die

EMU One continent - one stock market?

Electronic Markets

Real time prices for free

Volumes up as costs fall

Independent Advisers

Future Trends...

Attackers and defenders (Foster)

Attackers / Defenders

Attackers / Defenders

Technology - Friend or Enemy ?

Technology = lower costs

Technology = job losses

Technology = job losses

Technology means lower margins

New Technology - may mean only 6 month lead

E-commerce hard to measure

AOL Christmas 1998

Aging Population

Aging Population

How many of your clients are already online?

Future Trends...

Airline tickets - 1 million customers in first 12 months

My son is 8 years old

“Do we HAVE to go shopping ?”

“I’ll do it on the net !”

“Shopping on the net is FUN”

MP3 - 3 million web music track downloads a day – most illegal CD copies….

Future Trends...

Future Trends...

Future Trends...

Future Trends...

First Direct

Virgin Direct

Virgin One Banking

Egg totally overwhelmed

Future Trends...

Cyber Tax Haven

Loosing control of your futureOther people can damage image

Electronic Commerce

Executive Reactions

Struggle for DynamicVision

Future Trends...

Global Management

Single buying decisions

Intel Microprocessor

Just in Time

Mazda MX - 5 car

Future Trends...

Future Trends...

The Plane Cockpit Controls

e-business - problems

How digital will we become?Virtual Work

Empire Style Management

Virtual Companies

Virtual Clients

Don’t believe market research

Technovision – over the horizon

More chips than People

Speech recognition already 95% accurate at 100 words per minute -

Telephone by 2010 ?

Mobile Phones - impact

Techno -Redundancy

The Network Society

Military Grade Security

Bugs and Spying

Telecom will merge fully

Future Trends...

Next - Office on Wrist

An injectable computer

Net TV - 50,000 stations ...

No phone, cable, mobile, satellite ?

New threat to Telecom

New threat to Telecom

Any power socket connects to bank

1 megabit per second - ten times faster than ISDN 

Every home becomes intelligent

Every office is fully networked

Executives will be totally networked

Save Travel Time

Save Travel Time

Life too short to spend in airports

15 million in America already work from home using networks

Video Conference

Eye to Eye Contact

Video Link

Client gets global advice

Travel and telephone / conferencing should be same budget - COMMUNICATION

Brain to Brain

Brain to BrainBusiness @ the speed of thought

Future ManagementThought exchange @ the speed of light

Management @ speed of light

What will be the effect on people ?

Relationships under pressure

Response of traditional banks has been uncertain

Opportunities

Summary

Institutional and Investment Banking

The biggest challenge to to adapt even faster than the technology  - to gain advantageEither we take hold of the future or the future will take hold of us

Home Page: http://www.globalchange.com/search.htm

Other information:
The Future of Private Banking - presentation for Clariden Bank in Zurich Switzerland by Dr Patrick Dixon, Chairman Global Change Ltd. High net worth individuals, premium custmers, wealth management, wealthy clients, privacy and confidentiality using new technology, internet, e-mail and web access. Impact of new technology on client and banker relationships and relationship management. United States, Europe, Asia, Latin America and Africa. Investment strategies and portfolio management. Marketing and development of new channels. Ethical investment and sustainability. Integrity and trust, regulation and government policies.

Search 26,414 pages on our site