Banking & Securities matters

The future of private banking in Europe: Preparing for accelerated change

European private banks were already feeling pressure to revitalize. Now that the pandemic has accelerated changes in the expectations of clients and employees, the industry will need to accelerate its transformation.
 Sid Azad

Advises banks, asset managers, and life insurers across Europe on retail banking, private banking, and wealth management, particularly go-to-market strategies, operating-model design, end-to-end (E2E) transformation, and M&A

Cristina Catania
 Cristina Catania

Serves Financial Institutions throughout Europe across a broad range of services with a focus on large transformations in banking and a spike in asset & wealth management, mainly on strategy and finance topics and a passion for sustainability and ESG transformation. She is also a core leader of the EMEA Strategy & Corporate Finance Practice

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 Christian Zahn

Combines deep knowledge and first-hand expertise across asset and wealth management, corporate and investment banking, as well as strategy and corporate finance, with a focus on M&A and transformation

Private Banking

In July, McKinsey’s European Wealth and Asset Management Practice published its latest report on the future of European private banking. In the report, Preparing for accelerated change, we looked at how the impact of the COVID-19 pandemic has accelerated changes in the expectations of clients and employees, and at what the private banking industry can do to accelerate its own transformation. In this short video, authors Sid Azad, Cristina Catania, and Christian Zahn discuss the report’s findings, how COVID-19 has affected the industry, and prospects for the future.