David Wighton is a columnist at Financial News. To request a free trial to read all of FN’s wealth management content, click here
Most of the world’s top investment banks have one strategy in common — rapid expansion in wealth management. Some, such as UBS, have long had large wealth businesses. For others, like Goldman Sachs, wealth has been more of a sideshow until recently. But almost all now see it as a great business, which is faster growing, less capital intensive and stickier than investment banking.
