Private banks urged to protect gatekeeper role

There is a need to maintain a Chinese wall between product selectors and relationship managers at private banks to protect the sanctity of the gatekeeper function, says Tony Stanton of LGT Investment Management (Asia). The relationship between the two is generally a collaborative one based on a core list of recommended funds at each institution, agreed participants at a private banking roundtable convened by AsianInvestor and sponsored by Aberdeen Asset Management*. Private banks …