Wealth Management

Covers two themes that include, Private Banking and Investment Decisions regarding structural financial products. This book examines whether structured financial products are advisable investments for retail and institutional investors and, if yes, which risks they entail.

Autorentext
Since 1961, Dr Dimitris N. Chorafas has advised financial institutions and industrial corporations in strategic planning, risk management, computers and communications systems, and internal controls. A graduate of the University of California, Los Angeles, the University of Paris, and the Technical University of Athens, Dr Chorafas has been a Fulbright scholar. Financial institutions which have sought his assistance include the Union Bank of Switzerland, Bank Vontobel, CEDEL, the Bank of Scotland, Credit Agricole, Österreichische Länderbank (Bank Austria), First Austrian Bank, Commerzbank, Dresdner Bank, Mid-Med Bank, Demir Bank, Banca Nazionale dell'Agricoltura, Istituto Bancario Italiano, Credito Commerciale and Banca Provinciale Lombarda. Among multinational corporations Dr Chorafas has worked as consultant to top management, are: General Electric-Bull, Univac, Honeywell, Digital Equipment Corp, Olivetti, Nestlé, Omega, Italcementi, Italmobiliare, AEG-Telefunken, Olympia, Osram, Antar, Pechiney, the American Management Association and host of other client firms in Europe and the United States. Dr Chorafas has served on the faculty of the Catholic University of America and as visiting professor at Washington State University, George Washington University, University of Vermont, University of Florida, and Georgia Institute of Technology. Also, the University of Alberta, Ecole d'Etudes Industrielles de l'Université de Genève, and Technical University of Karlsruhe. More than 6,000 banking, industrial and government executives have participated in his seminars in the United States, England, Germany, other European countries, Asia and Latin America.

Klappentext

This book addresses Private Banking and investment decisions regarding Structural Financial Products. Dr. Dimitris Chorafas examines in a rigorous way whether structured financial products are advisable investments for retail and institutional investors and, if yes, which risks they entail. As our society becomes increasingly affluent, a growing number of high net-worth individuals, and families, have become retail investors looking for ways to optimise wealth management, and Private Banking deals with these sorts of clients. Private banking also deals with clients that are institutional investors, such as pension funds, mutual funds, and insurance companies, as well as not-for-profits, foundations and companies explicitly set up for wealth management. The fact that structured financial products appeal, or at least are being marketed, to both retail investors and institutional investors justifies the dual approach of studying the advisability of these investments for each of these groups. This book addresses these issues in a practical manner with numerous case studies and real-world examples drawn from the authors intensive research.

Inhalt

Part One Private Banking1. Private Banking Defined2. Know Your Customer And His/Her Profile3. Business Opportunity: Fees And Commissions From Private Banking4. Risk And Return With Investments

Part Two Asset Management5. Asset Management Defined6. Business Models For Asset Manangement7. Outsourcing And Insourcing Assets Management8. Trust Duties And Legal Risk

Part Three Derivative Financial Instruments, Structured Products, And Risk Control9. Derivative Financial Instruments Defined10. Structured Financial Products11. Controlling The Risk Taken With Structured Products

Part Four Case Studies With Three Main Classes Of Structured Products12. Fixed Income Structured Products13. Practical Examples With Fixed Income Derivatives14. Equity-Type Structured Products15. Practical Examples With Equity Type Derivatives16. Currency Exchange Structured Products