Boston, October 29, 2020 – The sharply advancing technology landscape has always been an opportunity and a challenge for private banks and wealth managers in Europe. But the COVID-19 pandemic has snowballed the industry’s adoption and usage of wealth management technology out of dire need. It is now obvious to even the most die-hard naysayers that digital is no longer an ancillary side strategy or business line within wealth management. It is firmwide, strategic, and an inseparable enabler of doing business.

This report explores the current and future strategic priorities of wealth management firms operating in or headquartered in the U.K. and mainland Europe several months into the onset of the COVID-19 pandemic. It is based principally on a quantitative survey of and ongoing dialogue with 20 wealth management practitioners in Europe at two points in time: August and September in both 2019 and 2020.

This 43-page Impact Report contains 21 figures and one table. Clients of Aite Group’s Wealth Management service can download this report, the corresponding charts, and the Executive Impact Deck.

This report mentions Bankia, BNP Paribas, CaixaBank, Cazenove Capital, Commerzbank, Credit Suisse, Deutsche Bank, Formuesforvaltning, Intesa Sanpaolo SpA, JPMorgan Chase & Co., J. Safra Sarasin, Julius Baer, Reyl, Sandaire, Schroders, UBS, Union Bancaire Privee, and Unione di Banche Italiane SpA.