For today’s webcast Arvetica talked to Mr Heinrich Wegmann about private banking in Japan and major evolutions in the private banking industry over the past years. Mr Wegmann is an ex-Credit Suisse Banker with an international career and today on various boards, such as on the board of Vontobel Holding and Bank and Nomura Switzerland.

Enjoy Mr Wegmann’s insights into the Japanese private banking market and learn from his general industry experience:

In the webcast Mr Wegmann outlines how private banking has become an important focus of financial institutions and how it has transformed from “one business among many in a bank” towards a major preoccupation and revenue generator.

Based on his long experience in Japan and with Japanese institutions Mr Wegmann gives us some interesting insights into the Japanese private banking market (still the second largest market in the world in terms of high net worth population). He explains that while the market has changed over the last years, it remains a very difficult place to do business for international private banks. He points out that many foreign banks are chasing a relatively limited number of big customers who are willing to deal with foreign institutions.

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