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Wednesday, October 24, 2007

Private banks target family offices

Private bankers see little threat from "family office" practices -- units set up to typically manage money for one wealthy family or a small group of them -- and instead regard them as opportunities to win more business.

"Family offices are very close to our heart," Reinhard Krafft, head of private banking at German bank Sal Oppenheim, told the Reuters Wealth Management Summit. Read more...

posted by Charles Monat Associates at 2:32 PM


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