Swiss wealth manager Julius Baer is targeting the disaffected bankers and high net worth clients of the industry leaders, whose brands have been damaged recently by poor performance and questions over their financial strength. This strategy is a wise one, particularly in Switzerland, where wealthy clients are very brand/image conscious.

Julius Baer, Switzerland’s third largest private bank, is keen to snap up disaffected HNWs and bankers from some of the largest private bankers, capitalizing on the recent damage to their competitors’ reputations. Continue reading “Julius Baer targets HNWs and bankers at rival companies” »

A new report, “Business Intelligence in Retail Banking”, predicts spend by retail banking institutions on business intelligence (BI) IT in North America, Europe, the Middle East and Asia-Pacific, will reach USD$9 billion by 2012, up from USD$5.6 billion in 2006. According to the report, the combination of compliance requirements, a competitive business environment, the sub-prime credit crunch and the need for stronger management will drive retail banks’ investment in BI software.

Given the sector’s growth of IT budgets devoted to BI, many vendors from diverse backgrounds, such as reporting, analytics, data management and operations, have rushed to claim their stake by adapting their definition of BI to fit their offering.
Continue reading “Retail Banks to Make Huge Investments in Business Intelligence Technology” »