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Investment and private banking cross-referrals prove hard to realise

While many banks – including Deutsche Bank, HSBC and Barclays Wealth – have set out on an integrated approached to “private investment banking”, few have yet delivered clear returns

On paper it makes sense for investment banks to introduce their clients to the private banking services offered under the same umbrella.

In practice, however, few banks have managed to translate this compelling strategy into clearly identifiable returns, as sophisticated and wealthy clients remain stubbornly wary of putting all their eggs in one basket. As a result investment bankers and their colleagues in private banking often find themselves separated by a common language.

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