Tackling industry ‘guilty secrets’
‘The private client industry has a guilty secret,’ says Quentin Marshall, ‘and I have not heard many in the private bank space breaking ranks to discuss this.’
Marshall, who is deputy head of private banking at Weatherbys Private Bank, is referring to high charges. He is confronting this issue as part of his plan to take the private bank into ‘phase two’ of its growth strategy.
Marshall joined Weatherbys from Coutts last summer, having begun his career at UBS Wealth Management. Now he is focused, as he explained recently to citywire.co.uk, on making Weatherbys stand out as a private bank able to back up its value proposition to clients.
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