Analyzing the performances of 85 of Switzerland’s 114 private banks produces a bleak picture. Almost every key performance indicator (KPI) deteriorated in 2016 – sometimes significantly. The vast majority of banks have not taken the action needed to reverse their decline.
Boosting speed to market, fostering innovation and implementing disruptive technologies are the top three strategic priorities of global businesses. That is one of the findings of this year’s global, cross-sector survey of around 1,300 CEOs conducted by KPMG.
Swiss private banks have been on the defensive for a decade. We think the time has come to go on offense through commercially-driven transformation. By focusing on their strengths, and partnering for their non-core activities, Swiss private banks have a real opportunity to maximize value and grow again.