The future of private banking in Europe: Preparing for accelerated change

In July, McKinsey’s European Wealth and Asset Management Practice published its latest report on the future of European private banking. In the report, Preparing for accelerated change, we looked at how the impact of the COVID-19 pandemic has accelerated changes in the expectations of clients and employees, and at what the private banking industry can do to accelerate its own transformation. In this short video, authors Sid Azad, Cristina Catania, and Christian Zahn discuss the report’s findings, how COVID-19 has affected the industry, and prospects for the future.