Private Banks

While private banks and asset managers are heavily investing in AI for their own processes, something is also changing on the other side of the table: A client who shows up with six pages of AI-generated advice. “It is now essential for managers and banks to make their advisors highly AI-savvy.”

Delen Private Bank is reorganizing tasks within the group in the areas of delegated portfolio management, fund administration, and custodial services. This is intended to improve efficiency and strengthen governance.

The conflict in the Middle East hit financial markets less hard than expected. Rabobank strategist Mary Pieterse-Bloem sees in that not just relief, but a risk.

The new chief executive of Europe’s quietly ambitious private bank starts work this week. His profile suggests a fixer. The question is what he intends to fix.

Evergreen funds are pushing private markets toward a wider investor base. Olivier Dauman of CA Indosuez says that expansion has clear limits. “I think evergreen is a nice evolution of this market. I don’t think it’s the El Dorado of private equity,” he told Investment Officer.

Wealthy families are no longer anchored to a single country, and neither are their assets. As heirs disperse and capital flows across jurisdictions, succession planning is shifting from domestic estate structuring to cross-border patrimonial engineering, a transition that is quietly reshaping Luxembourg’s role in European wealth management.

Luxembourg is increasingly becoming an operational necessity rather than a strategic option. From independent wealth structuring firms such as Norman K to larger private banking groups including Rothschild Martin Maurel, institutions are reinforcing their presence in the grand duchy to serve an increasingly international client base amid growing cross-border complexity and regulatory pressure.

InsingerGilissen CEO Martijn Storsbergen discusses how the Dutch private bank is positioning itself within the Quintet group, arguing that a strong parent company and scale have become essential in today’s private banking landscape.

ING wants to double its activities in private banking, wealth management, and investments by offering these services globally. In recent months, the bank introduced private banking in Poland.

Indosuez Wealth Management is addressing changing demographics in wealth by developing more sustainable offerings and management solutions based on exchange-traded funds (ETFs), all while ensuring that they gain and maintain the trust of younger clients.