Private Banking in Russia: Challenges and Prospects For the Future

Abstract

This article is devoted to the peculiarities of optimizing the relationship of high net worth individuals (HNWI) with Russian and foreign banks offering services in the field of private banking. The authors consider organization issues of HNWI banking in different banks, especially the relationship between bank personal managers and clients, requirements to banks and personal managers providing private banking services, recommendations to HNWI for choosing banks and managing investments are also considered.