Continuous advice is the new norm, say private bankers

Regulatory imperatives and client expectations mean that more and more private banks are advising customers throughout the life of a structured product, in a shift from buy-and-hold attitudes

Jeremie Vuillard head of investor solutions and services at SG Private Banking
Jeremie Vuillard, Societe Generale Private Banking Hambros

Changes brought in by the UK's Retail Distribution Review (RDR) and increased client expectations have made the ongoing provision of advice the new norm for structured products in private banking, according to industry participants.

Speaking at the Structured Products Europe conference in London on November 18, Jeremie Vuillard, group head of advisory at Societe Generale Private Banking Hambros (SGPB), explained how customer expectations are changing in private banking and what this means for

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