The Rise of Single Family Offices and Its Impact on Private Banking at Golden Networking Forum in New York

Hong Kong, Hong Kong S.A.R., October 30, 2010 --(PR.com)-- 2nd Banking Leaders Forum, "Private Banking on the Brink of Transformational Change" (http://www.BankingLeadersForum.com), November 18th, New York City, will feature panel on "The Role of the Single Family Office After the Global Financial Crisis." 2nd Banking Leaders Forum aims to examine the issues facing Private Banking today; attendees will gain a clear understanding of future scenarios for the industry and share thoughts, ideas and perspectives on how the industry can move forward and meet client expectations while still contributing to the bottom line.

The family office landscape, where some of the world's most affluent HNWIs reside, is undergoing significant changes after the global financial crisis; challenging market conditions tested their mettle and resulted in significant portfolio adjustments. While family offices will continue to thrive thanks to the desire of the wealthy for preferential treatment and the interest on the part of financial services firms and advisors to satisfy HNWIs, they must re-evaluate their structure and look at the benefits of using the traditional private bank, becoming a multi-family office or setting up their own investment vehicles. What does the rise of family offices mean for private banks? What private banks can learn from the family office model? How family offices view hedge funds and private equity? How to combine local family offices with offshore structures? How to protect and improve the family wealth in the long-term?

2nd Banking Leaders Forum, "Private Banking on the Brink of Transformational Change," is produced by GoldenNetworking.net (http://www.goldennetworking.net), the premier networking community for business executives, entrepreneurs, investors and diplomats, founded by former McKinsey consultant and Columbia Business School MBA Edgar Perez.

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