Commercial or Investment banks may wish to add private banking services to their operations in order to better service their key clients. MRB has decades of experience in managing private banking divisions with international and regional banks. We can help in:
- Definition of Value proposition and formulation of Business strategy
- Operational procedures and organizational structure
- Recruitment, training and coaching
- Client Relationship management
- Product development and Sales.
Different banks have different aspirations of their private banking business. Banks do not have the same edge in their offerings. It is important to first understand where a bank has an advantage over others and tailor their private banking services to match their strengths. We customize this service to the specific needs of the financial institution. Whether it is an existing operation or an intended set up, we can evaluate the business model and optimize it to achieve the desired results. Our experience with local, regional and international banks in different markets allows us to recommend best practices for specific target markets.