3506648: Private Banking

Qualifications

• • Know the relevance of efficient financial markets and financial intermediaries for economic welfare.
  • Understand models that address the role of direct and indirect finance and their implications for economic welfare.
  • Are aware of the characteristics of direct and indirect finance.
  • Understand the structure of the banking industry and fundamentals of bank management.
  • Know and analyse characteristics of different financial asset classes.
  • Understand the relationship between risk and return of financial assets.
  • 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.
  • Characterize and define the private wealth management process.
  • Are aware of typical goals, constraints and other characteristics of clients in the private banking business.
  • Assess clients' ability to take risk and compare it with their willingness to take risk.
  • Combine concepts of financial intermediation and investment theory in a comprehensive wealth management process.
• • Are aware of sources of information regarding financial markets, financial institutions, financial assets as well as clients.
  • Understand the implementation of financial models for analysing financial markets, institutions and clients.
  • Apply fundamental concepts such as investment and portfolio theory in a complex wealth management process.
  • Review a portfolio or asset allocation particularly with regard to the risk/return characteristics of the underlying assets and the goals/constraints of customers.
  • Develop abilities to analyse the needs and constraints of clients in the private banking business and assess the suitability of different products.
• • 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.
• • Develop enthusiasm and the willingness to learn new things independently.
  • Develop a critical and evaluative mind regarding developments in banking and financial markets