Kaven Leung outlines strategy shift at Julius Baer

Private banks will likely win out over commercial banks, investment banks and asset managers in the race to tap Asia’s wealth pool, believes Kaven Leung of Julius Baer. He says that the financial crisis of 2008/09 created a vacuum in the financial industry, with clients still re-evaluating what they want from their bankers and advisers. Asked where he thought the growing pool of wealth in Asia would end up, Leung replies: “Ultimately clients need to find someone they can trust. …