| CODE | BKF5220 | |||||||||
| TITLE | Private Banking and Wealth Management | |||||||||
| UM LEVEL | 05 - Postgraduate Modular Diploma or Degree Course | |||||||||
| MQF LEVEL | Not Applicable | |||||||||
| ECTS CREDITS | 5 | |||||||||
| DEPARTMENT | Banking and Finance | |||||||||
| DESCRIPTION | This unit examines the main features of the private banking and wealth management industry. This will cover private client demands and characteristics. It will also outline the changing asset management and risk management services offered by a variety of private banking firms. The role of pricing and service quality, together with the changing role of technology will also be covered. Finally the unit will also analyse various regulatory and tax issues associated with the private banking business together with offshore banking business. Syllabus Content: Lecture 1: Structure Introduction to Wealth Management & Private banking Reading: - Merrill Lynch/Capgemini (2011) World Wealth Report, pp4-15. Lecture 2: Private Banking Industry Challenges Reading: - Merrill Lynch/Capgemini (2011) World Wealth Report, pp25-35. Lecture 3: Clients Reading: - Merrill Lynch/Capgemini (2011) World Wealth Report, pp22-25. - D, Maude (2006) Global Private Banking and Wealth Management, Wiley Finance, Chapter 3, pp49-76. Lecture 4: New Products and Pricing 1 Reading: - D, Maude (2006) Global Private Banking and Wealth Management, Wiley Finance, Chapter 4, pp77-126. Lecture 5: New Products and Pricing 2 Reading: - D, Maude (2006) Global Private Banking and Wealth Management, Wiley Finance, Chapter 4, pp77-126. Lecture 6: Alternative Investments Reading: - TheCityUK (2011) Hedge Funds, CityUK: London, pp1-12. - TheCityUK (2011) Private Equity, CityUK: London, pp1-12. - TheCityUK (2011) Commodities Trading, CityUK: London pp1-16. Lecture 7: Distribution Channels & Players Reading: - D, Maude (2006) Global Private Banking and Wealth Management, Wiley Finance, Chapters 5 and 6 , pp127-152 & 153-184. Lecture 8: Operational Excellence & Organizational Design Reading: - D, Maude (2006) Global Private Banking and Wealth Management, Wiley Finance, Chapters 7and 8, pp185-208 & 209-226. Lecture 9: Regulatory & Tax Issues Reading: - D, Maude (2006) Global Private Banking and Wealth Management, Wiley Finance, Chapter 9, pp227-256. Lecture 10: Future of Private banking Reading: - D, Maude (2006) Global Private Banking and Wealth Management, Wiley Finance, Chapters 10, pp257-282. - Merrill Lynch/Capgemini (2011) World Wealth Report, pp25-35. Study-unit Aims: To provide students with an insight into the key features of the global private banking/wealth management industry. Learning Outcomes: 1. Knowledge & Understanding: By the end of the study-unit the student will be able to: • comprehend the main components of private and wealth management business. • be familiar with client characteristics and customer segmentation issues. • comprehend the regulatory issues facing the industries. • be aware of both onshore and offshore private client activity. • be aware of strategic trends and developments in the private banking + wealth management industry. 2. Skills: By the end of the study-unit the student will be able to: • present a coherent view of the main features of the private banking/wealth management industry. • be familiar and be able to analyse profile client needs. • discuss the regulatory issues facing the industries. Main Text/s and any supplementary readings: Essential Reading - Merrill Lynch/Capgemini (2011) World Wealth Report - available online at http://www.capgemini.com/services-and-solutions/by-industry/financial-services/solutions/wealth/worldwealthreport/ Main Text: - Maude, David. (2006) Global Private Banking & Wealth Management- The New Realities. Wiley & Sons, London. - Mindel, N (2010) Wealth Management in the New Economy: Investor Strategies for Growing, Protecting and Transferring Wealth, Wiley, NY. Supplementary Topical Reading (Some you will have to register or subscribe to – although you get free trials) - The Wealth Net http://www.thewealthnet.com - Wealth Briefing http://www.wealthbriefing.com - Wealth-Bulletin http://www.wealth-bulletin.com - The Financial Times http://www.ft.com/wealth - Wall Street Journal http://www.wsj.com/wealth |
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| STUDY-UNIT TYPE | Lecture | |||||||||
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| LECTURER/S | Philip Molyneux |
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The University makes every effort to ensure that the published Courses Plans, Programmes of Study and Study-Unit information are complete and up-to-date at the time of publication. The University reserves the right to make changes in case errors are detected after publication.
The availability of optional units may be subject to timetabling constraints. Units not attracting a sufficient number of registrations may be withdrawn without notice. It should be noted that all the information in the description above applies to study-units available during the academic year 2025/6. It may be subject to change in subsequent years. |
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