Who's Who In Private Banking 2019

IT was tough last year but the private bank industry continued to grow with some performing above expectations and posting double digit revenue growth. The Business Times asked private bankers how they navigated the choppy waters and their outlook for 2019.

The sector is experiencing unprecedented change driven by global demographic trends and innovation in both the treatment of diseases and delivery of services.

Families should approach succession planning with a focus on structuring for the "business family" rather than the "family business".

With uncertainty at an all-time high, investors should look for high quality stocks and cross-sector themes.

UBS has devised the "3Ls"* - Liquidity.Longevity.Legacy - to help investors navigate a more volatile investment landscape in 2019.

Investors should build portfolios with both defensive and secular growth ideas, the focus of which is to reduce exposure to volatility and to equip investment portfolios with quality defensive assets.