Private Banking 3.0: Evolution Beyond AUM Competition

In the era of Private Banking 2.0, the industry revered the ‘AUM-only’ approach where size equated to supremacy. However, with the advent of 3.0, commercial banks have shifted their focus away from showcasing AUM superiority. So, what exactly is the new battleground for Private Banking 3.0? Journalists Guo Congcong and Zhao Min from 21st Century Business Herald have shed light on the evolving landscape of private banking. Zhao Min, a senior client manager at a state-owned bank, has been in the private banking sector for 15 years and manages assets exceeding a billion. She noted a significant shift in client…