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This publication combines two topics of interest in the form of a case study: Private Banking and Behavioural Finance. Private Banking is increasingly interesting from the banks' and the customers' viewpoint as on the one hand, the bank has a high potential margin in this field and on the other hand, the number of high net worth individuals (HNWI) as a potential customer base is steadily increasing. Furthermore, as Private Banking is a people's business, understanding customers holistically is a vital point to ensure a satisfying consulting quality and subsequent business relationship. The knowledge of Behavioural Finance aims to achieve the goal of a better comprehension of Private Banking clients and their respective thinking patterns and its concepts are developed to avoid making common psychological mistakes when it comes to investing and taking financial decisions. Thus, combining Private Banking and Behavioural Finance has a great potential which is explored in this publication.
About the author
Dominik Horngacher, Studies: Master of Science in Finance at the University of Liechtenstein(2016-2018), Bachelor in Banking and Finance at the University of Applied Sciences Vienna(2013-2016), Exchange Semester at Karel de Grote Hogeschool Antwerp(2015), Several banking internships in fields such as Private Banking and Corporate Finance.
