Betting on the Future of Wealth Management

After the financial crisis, this firm undertook a massive restructuring program. Led by a new CEO, the financial giant sought to cut back its investment banking activity, strengthen its capital position, and focus on the wealth management business.

Today, we can say that restructuring has been an unqualified success. The wealth management business delivers consistent profitability and has invested in technology to fuel significant growth. In addition, the bank is well capitalized and has done a good job at controlling costs. 

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