We are continuing to monitor official advice and the global position on a daily basis, in close liaison with our clients and teams in all locations. Our priority remains the well-being of our people, our relationships and our commitment to the long-term sustainability of our sector.
Legacy books – the elephant in the room
Almost every business has to accept that some of their products or services will reach a “legacy” status at some point – where they are closed for new business – and the focus has moved on to other live products. Few organisations deal with the legacy book effectively or efficiently, which is unlikely to be a suitable outcome for clients.
- Asset management
- Wealth management & private banking