Private Banking: New Trends or More Doom and Gloom?
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5. Impact Goes Mainstream
Whether one views it another gimmick dreamt up by big finance or the gateway to a better world doesn't actually matter. Investments along environmental, social, and governance, or ESG, standards will break through this year. No asset manager can avoid the issue, particularly now that large institutional investors are making demands. Private bankers would be well advised to beef up in this area.
