Banks will pull through and their equities are not necessarily a poor investment, according to Spektrum CEO

In the near future, banks will have to make unpopular decisions to employ fewer people, increase digitalization and charge for services that many take for granted.
Spektrum CEO Søren Dal Thomsen | Photo: Ida Munch/ERH
Spektrum CEO Søren Dal Thomsen | Photo: Ida Munch/ERH

We will still require financial advisory and access to liquidity in 50 years so there is no reason to believe that banks as we know them will be dispensable in the future. However, we need to adapt and, in particular, reduce the sector's number of employees, says Søren Dal Thomsen, who is Chief Executive Officer of wealth manager Spektrum, which offers advice and asset management to big and medium enterprises.

Already a subscriber?Log in here

Read the whole article

Get access for 14 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
Must contain at least 6 characters
Must contain at least 2 characters
Must contain at least 2 characters

Get full access for you and your coworkers

Start a free company trial today

Sign up for our newsletter

Stay ahead of development by receiving our newsletter on the latest sector knowledge.

Newsletter terms

Front page now

Further reading

The environmental, social and governance ratings of exchange-traded funds are set to be downgraded by index provider MSCI. | Foto: Delcia Lopez/AP/Ritzau Scanpix

Hundreds of funds set to lose ESG rating