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Insights from Private Banking & Wealth Management London 2024. At the event hosted in Victoria, Michael Welti, head of private banking & member of the executive committee at Banque Heritage, highlighted the crucial role of family offices in the sector. Welti began by addressing the congestion in the market, often leading to consolidation. He stated: “Family offices and EAMs are important clients for us. We see ourselves as partners and not as competitors. While the Swiss market has grown in recent years, consolidation has reduced the number of banks and EAMs, from 440 banks to 220, and 2500 EAMs to over 1000 licensed ones, and the story is not over yet.” Read on for more: https://bit.ly/45uA327 #PrivateWealth #PrivateBanking #WealthManagement #PrivateBanking #WealthManagement #FinanceConference #Insights

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