Asset Management / Private Banking

#1

Hi,

Does anyone know what is the different between asset management and private banking? Are they similar in nature and which one is relatively harder to get in?

Many thanks!

#2

They are both quite similar in the sense of managing money and providing services but In Asset Management you’re managing the wealth of institutional clients providing them services that produce return on their assets whereas in Private Banking you’re managing the wealth of high net worth individuals. They’re both relatively hard to get into, none is easier than the other. Hope that helps.

Best