Georgios Leontaris, chief investment officer – Europe, Middle East & Africa at HSBC Global Private Banking and Wealth believes market disruption will be here “for some time” and the industry must “adjust and adapt to it”.

He stated this at Private Banking & Wealth Management Switzerland Conference and Awards 2022 during his talk; Adapting in the Face of Disruption: A Focus on Macro Variables in the Global Market.

In addition, he said that disruption is not just a long term issue, but happening right now. As a result, monetary and fiscal policy must work “hand-in-hand”.

The biggest cause of market disruption discussed was energy. Leontaris said that “energy dependence is becoming a clear factor”.

Furthermore, he believed that the “energy crisis is a big risk variable”. This was despite some small relief in November 2022 as gas consumption was 24% less than expected due to warmer temperatures.

Furthermore, supply chain was considered but strains have “begun to ease”. Pressure on rent will continue “even with corrections in the housing market”.

Leontaris warned of a “volatile first quarter in 2023” and that the “word recession was not a taboo”.

Private Banking & Wealth Management Switzerland Awards 2022

The finalists for the Private Banking & Wealth Management Switzerland Awards 2022 have been announced. This year has been the most tightly contested yet with some truly astonishing nominations.

Winners will be revealed on 15th December at The Dolder Grand in Zurich, Switzerland.

Congratulations to our finalists and good luck.

Excellence in Customer Experience
Moxo
REYL & Cie
Wealth Dynamix
Unblu
Finfox

Outstanding UHNW Offering in Switzerland
CA – Indosuez Wealth Management
HSBC Global Private Banking
REYL & Cie
Societe Generale Private Banking Switzerland

Outstanding Family Office Proposition in Switzerland
Pictet Asset Management
REYL & Cie

Outstanding Wealth Management Technology Provider in Switzerland – Middle and Back Office (Vendor)
InvestCloud
Unblu Inc

Outstanding Wealth Management Technology Platform in Switzerland (Bank)
CA – Indosuez Wealth Management
UBS Partner

Outstanding Front-End Digital Solutions Provider (Vendor)
Backbase BV Europe
Nucoro
UBS Partner
Finfox
Wealth Dynamix

Outstanding Private Bank for Sustainable and Ethical Investment
CA – Indosuez Wealth Management
Societe Generale Private Banking Switzerland

Outstanding Boutique Private Bank in Switzerland
EFG International
REYL & Cie

Outstanding Private Bank – Switzerland – International Players
BNP Paribas Wealth Management Switzerland
HSBC Global Private Banking
REYL & Cie
Societe Generale Private Banking Switzerland

Outstanding Private Bank – Switzerland- Domestic Players
REYL & Cie
Societe Generale Private Banking Switzerland