the private bankers like SYZ bank or relationship manager. Most of the wealthy people who have private accounts can easily meet the bank in charge or representatives in person. Even they can have direct phone communication with the relationship manager and establish the given customer-banker relationship.

 

 

Usually, this private banking sector or service is a part or the arm of the nationalized bank, so it is quite different from retail banking services and even their way service. A private bank is not one which is incorporated. These banks like the Banque SYZ are favored and helped by conservative investors who remain one of the board of directors. They are more liable to maintain the liquidity of the funds and managing the clients.

 

 

Such kind of private financial institutions like the SYZ bank are most of the time family owned and they even cater to the needs of the rich. That is why most of the wealthy individuals choose them since they maintain a great sense of confidentiality. It is a pledge that they take while maintaining the accounts of the clients which is the confidentiality of the entire account information. One main reason could be because they don’t want to be targeted by lawsuit, criminals, and even corrupt government officals. Even there are people who use this secrecy to shield their basic income from various government authorities like the IRS so that they can evade tax.

 

 

Many of the high-fi and the best banking services are found in Switzerland and most of the people create their account there as they have tough bank secrecy laws and rules and the banking services are quite sophisticated. Even they have a policy of keeping the secrecy of their customer’s banking accounts.

 

 

In short, the privatized banking services are indeed customer oriented and they are keen on giving customers valuable services which help them to have peaceful banking services throughout their life.