Private bankers fret over relationship manager dangers.

Private banks are becoming relate toed over the potential dangers of a run in the US spreading to European wealth management that could incinerate the industry's cost:income performance and lead to unprecedent horizontals of client chum.

The lock opener worry is that increasingly powerful private banker/relationship managers will effectively tend hitherward to 'own' the client, who would then display more loyalty to their individual managers than to the bank itself.

If like a threat were realised, then European private banking take away froms would go through the cover Relationship managers could dictate their limits including salary, bonuses and possibly a great deal of of their ...