3506575: Private Banking, Trust and Fiduciary Services

Qualifications

• • Know the relevance of efficient financial markets and financial intermediaries for economic welfare.
  • Are aware of the characteristics of direct and indirect finance.
  • Know the characteristics of different asset classes.
  • Know relevant concepts of asset allocation and modern portfolio theory.
  • Gain basic knowledge about the role of wealth management and private banking in comparison to the traditional banking business.
  • Are aware of typical goals, constraints and other characteristics of clients in the private banking business.
  • Know the basic principles of the law of asset and fund management.
  • Know the application areas and the basic principles of the different instruments to administer assets.
  • Understand models that address the role of direct and indirect finance and their implications for economic welfare.
  • Understand the structure of the banking industry and fundamentals of bank management.
  • Understand the relationship between risk and return of financial assets.
  • Explain the basic concept of modern portfolio theory.
  • Characterize and define the private wealth management process.
  • Understand the goals and life-cycle needs of clients and describe different tools for the profiling of private banking customers.
  • Describe the role of investment theory for the asset allocation and portfolio formation in the private wealth management process.
  • Describe the application areas and target groups of due diligence.
  • Explain the different duties of due diligence.
  • Circumscribe the organization and competences of the financial supervision.
  • Explain the structure and typical application of the different instruments to administer assets.
  • Understand the basic structure of the sources of law.
  • Infer return and risk objectives according to the characteristics of clients.
  • Apply the fundamentals of investment and portfolio theory to implement an adequate asset allocation.
  • Practice their new skills with case studies.
  • Analyse the risk and return characteristics of financial assets.
  • Assess clients' ability to take risk and compare it with their willingness to take risk.
  • Analyze the specific duties of due diligence in comparison to the competences of the financial supervision.
  • Compare the different instruments to administer assets.
  • Combine concepts of financial intermediation and investment theory in a comprehensive wealth management process.
  • Create concepts about the establishment and organization of financial intermediaries in the field of asset management.
  • Review a portfolio or asset allocation particularly with regard to the risk/return characteristics of the underlying assets and the goals/constraints of customers.
  • Find suitable solutions by judging the special facts of a case.
• • Are aware of sources of information regarding financial markets, financial institutions, financial assets and clients.
  • Know how to find the sources of law (statutes etc.) and the relevant literature databases.
  • Understand the implementation of financial models for analysing financial markets, institutions and clients.
  • Practice the application of fundamental concepts such as investment and portfolio theory in a complex wealth management processes.
  • Solve practical cases by interpreting the sources of law.
  • Develop abilities to analyse the needs and constraints of clients in the private banking business and assess the suitability of different products.
  • Are able to interpret the corresponding sources of law.
  • Seek differences and convergences of instruments to administer assets.
  • Create concepts to establish and organize the different instruments to manage assets by interpreting the corresponding sources of law.
  • Evaluate the clients' needs with regard to risk/return and assess the suitability of investment products, strategies and asset allocations.
  • Judge practical cases by interpreting the corresponding sources of law in the scope of due diligence, financial supervision and the different asset management instruments.
• • Listen carefully to understand and interpret the arguments of the lecturer and fellow students.
  • Interpret arguments and facts during presentations of the lecturer and fellow students and react with critical questions. Improve communication skills by debating their point of view in discussions during the lecture.
  • Team building and group works.
  • Organize group work.
  • Have their own proposals for solutions and are able to defend and explain their ideas.
• • Notice their own learning aptitude and willingness to learn new things.
  • Communicate autonomously, reflect their own actions carefully and are able to assess themselves able to assess themselves realistically.
  • Assume responsibility because of their self-discipline and flexibility.
  • Stand out due to their enthusiasm, sense of duty and reliability.
  • Advance their enthusiasm and affect their willingness to learn new things.