Overview

This Module 8 of the Henley Family Office Program (HFOP) looks at one of the most important external relationships - the Private Bank. It covers what a Family Office should look for from a Private Bank, and what they will be asked for in return.

This module is a 3-hour (approx. study time) course and is eligible for 1.5 SFC CPT/PWMA OPT hours.

Check out the other modules in the Program:

• Module 1 - Overview of the Family Offices & Foundations of a Successful Family Office
• Module 2 - Succession & Estate Planning
• Module 3 - Tax Considerations
• Module 4 - Structuring and Set-up - Designing the Family Office
• Module 5 - Governance
• Module 6 - Portfolio Management
• Module 7 - Operations, Technology & Administration
• Module 9 - Non-Financial Services
• Module 10 - Human Resources Management
• Module 11 - Philanthropy, Foundations & Impact Investing
• Module 12 - Risk Planning & Crisis Management

Objective

By the end of this module, you will be able to:
- Describe what private bank is and its landscape
- List the key factors in choosing a private bank
- Describe various services or solutions provided by a private bank
- State the ways to cement the relationship with a private bank

Content

Part 1 - Pre-reading materials
(i) Useful Definition
(ii) Overview of Private Banking
(iii) Four Strategies That Banks Can Use To Position For Family Offices

Part 2 - Presentation Slides of the eCourse

Part 3 - The Private Bank Relationship*
(i) Introduction
(ii) Section 1: The Private Banking Landscape
(iii) Section 2: Private Bank Solutions
(iv) Section 3: Cementing the Relationship
(v) Concluding Remarks

Part 4 - Quiz*
The quiz consists of 15 questions where learners have 3 attempts to achieve at least 80% with correct answers as a pass.

Part 5 - Post-reading materials
(i) Citi's Made-in-Singapore Automated Securities Lending Solution Unlocks New Revenue Stream for Wealth Management Firms and Their Customers Globally
(ii) How to Pick a Custodian For Your Registered Investment Adviser
(iii) The Google Generation Of Family Offices: How These 40 Banks Are Preparing
(iv) Borrowing Against Securities - What Family Offices Should Consider
(v) The future of private banking in Europe: Preparing for accelerated change

* mandatory parts to complete

Who should attend

(1) Professionals who are keen to succeed in the world of family office management
(2) Individuals who want to set up their own family office
(3) Practitioners who wish to take their career to the next level or looking for a role in the industry