Findings from A Meeting of Minds: Wealth Management & Private Banking September 2020

Introduction:

The twenty-seventh Meeting of Minds Wealth Management Private Banking took place on Thursday 10 September as a virtual event. This document seeks to capture the key issues raised in the programme of nine roundtables which took place on the day.

A Meeting of Minds Wealth Management & Private Banking is a strategic forum organised on a biannual basis by Owen James. This was the 27th in the series, bringing people together for a blend of interactive roundtables, external keynotes and networking.   

It brings together some 70 C-suite private bankers and wealth managers (CEOs and CIOs) to work through the key challenges facing their individual businesses and the industry as a whole. 

The Format:

At the core of these Meetings is the series of roundtables, accessed via Zoom, addressing the pre-researched and pre-agreed agenda. These provide an opportunity for open discussion led by objective and professional facilitators. 

We are pleased to report that even with the restrictions of the virtual format, the participants are still able to enjoy access to strategic insight and networking at the highest level. In addition, two external speakers are invited to provide keynotes which spark debate and encourage fresh and original thinking. 

This document summarises the key issues raised during the roundtables held last month. The Meeting abides by the rules of Chatham House i.e. no names are given other than that of the facilitator and the expert who led each session. 

The Roundtable sessions were facilitated by: 

• Caroline Burkart, Associate Partner, Aon
• Philip Biber, Partner, Wealth Management & Private Banking Practice, Geneva, Sionic
• Giles Patterson, Director, Aon
• Sue Primmer, Chief Marketing Officer, Sionic
• Gilly Green, Managing Partner, Sionic

We are very grateful for the time and energy they have expended on making the virtual Meeting of Minds Wealth Management & Private Banking a success and hope you will consider this report an interesting, thought-provoking and accessible read. As ever your feedback is much appreciated.

We would also like to thank the independent experts who were part of the sessions for sharing their knowledge and giving us their time and energy both in the run up to this Meeting and on the day. 

The Sponsors

We would like to thank our sponsors who made the Meeting of Minds possible. The following companies took part and their motivation for doing so is threefold:

• To be, and be seen as being, supportive of the industry.
• To understand the stresses and strains being placed on financial advisory firms and, where possible, respond to them.
• To talk openly with these business leaders with a view to ensuring that their businesses are strategically aligned.