Any banks left with private bankers who will go beyond in order to help you? Like the stereotypical swiss banker decades ago.

[blancmon229]

Basically, I have came across many lazy, cocky, or non-responsive private bankers, even though my account balance is pretty significant to gain their attention.

I was wondering if anyone knows banks in which the bankers actually care about you as a client, like the stereotypical Swiss bankers back in the day. Bankers that can assist in purchases, connections, special requests etc...

 

[jafo]

I've been around since the Wegelin, BSI, "numbered accounts" days etc etc and those people‌ are extinct now. I don't know a single one anymore! After the Bradley Birkenfeld fiasco,‍ they ALL disappeared or became holier than the Pope (or pretend they are stupi#21 ). One⁠ told me that compliance has a tight grip on them.

Now, it's us & crypto⁤ vs. "all kinds of asinine rules to rob us under the color of law" 🙄

 

[Mike Williams]

RBC and CIBC in Cayman are very helpful with connections etc.

 

[Sols]

Depends on what you expect. Some things of old are just historical artifacts at this‌ point.

LGT, Bank of Singapore, JPMorgan, and Goldman Sachs might be what you're looking for.‍

In the GCC region, you can get a phenomenal level of personal service if you're⁠ worth a few million, shake the right hands, and say the right words.

 

[JohnnyDoe]

The only such guy I found in the last 10 years works in Cité Gestion.
There was also another good guy in Credit Suisse but now he moved to EFG and I don't know how much he can do there as a newcomer.
All the other good bankers are no longer working as bankers.
In theory UBS private has a sort of “private circle” where you can make connections, co-invest with other UBS clients on different projects vetted by the bank etc. In practice it doesn't work so well as you have to deal with the bank's compliance machine and bureaucracy.

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[jafo]

Forget these guys! Their compliance is pretending to be‌ holier than the Pope! Although, some of the original Swiss working there as bankers are‍ great people. One in particular is a lovely good-hearted & honest banker, but he can't⁠ do much due to compliance and legal.
100% this! I gave up on this last year! Too much social & political correctness for︀ my taste! As I get older my patience with these "fakers/ignorant monkeys" is waning. stupi#21

There is a great Swiss bank I still use, but I won't disclose the name here.︁ If anyone wants to know, you can ask in the DM or I can post︂ it in Mentor Group Gold. Of course, do your OWN research when dealing with ANY︃ bank.

 

[JohnnyDoe]

jafo said:
Forget these guys! Their compliance is pretending to be holier than the Pope!
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Already sued them smi(&% They are horrible in Switzerland, I don't know abroad but I guess not much difference.

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[blancmon229]

I will look into it. Can anyone open an account or preferably only‌ Cayman residents?
I have an account at JP Morgan but for⁠ the 10mil minimum , the level of service is mediocre. Could be because each banker⁤ is assigned a ton of clients. I heard about LGT, I will try that next.⁣
I am assuming this can't be arranged just walking into any branch.︁ Is it usually through referal?

This is what I am︃ looking for. I will contact them. What is minimum balance? And do you only keep︄ your money in a regular account or you opt in for all those wealth management︅ products they offer?

Would you be able to︉ DM me the name please?

 

[JohnnyDoe]

blancmon229 said:
This is what I am looking for. I will contact them.
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You need an introduction, pm me

blancmon229 said:
What is minimum balance?
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$5m

blancmon229 said:
And do you only keep your money in a regular account or you opt in for all those wealth management products they offer?
Click to expand...

Self directed account for the most part.

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[jafo]

Ohh...so it's‌ probably thanks to you that they treated me fairly.
Everywhere the same. Also in Monaco.⁠ In Monaco, they will NOT even reply to emails. I had to bust into their⁤ office with some regular Monégasque residents for them to wake up and do what they're⁣ paid to do. Very annoying!

EDIT: Bust in means physically showing up.

 

[Mike Williams]

Anyone can open with Private Banking in Cayman - $1M US︂ minimum, must live in approved country.

 

[myhand]

what is the approved country ?

 

[Mister Sir]

The problem I have with the Cayman Islands jurisdiction for banking⁠ is there is no "Deposit Insurance" ...which is shocking with so many hedge fund co's⁤ there......correct me if I am wrong.....

The advantage of the cayman's is it's one of⁣ the few jurisdictions with zero corporate taxes!

 

[Sols]

I don't know if it's possible through walking‍ into a branch. Might be if you make a good enough impression, see the branch⁠ manager, and work your way up from there. The instances I've seen have been referrals,⁤ though.

 

[thomasparra]

Mister Sir said:
The problem I have with the Cayman Islands jurisdiction for banking is there is no "Deposit Insurance" ...which is shocking with so many hedge fund co's there......correct me if I am wrong.....

The advantage of the cayman's is it's one of the few jurisdictions with zero corporate taxes!
Click to expand...

The hedge funds don't hold money in retail bank accounts but prime brokerage investment banks on segregated accounts so don't worry about them.

 

[thomasparra]

The hedge funds don’t hold money⁤ in retail bank accounts but prime brokerage investment banks on segregated accounts so don’t worry⁣ about them.

 

[CyprusLawyer101]

Eurobank on Cyprus has been quite client oriented, however I am not sure what your‌ actual requirements are.