Following the financial crisis, the German banking industry went through a strong phase of restructuring and consolidation. Business models were streamlined significantly and risks minimized with the objective of countering the erosion of return on equity. Individual banks, foreign banks in particular, withdrew from the German market, while others trimmed down their organisational structures and eliminated management levels, consequently enhancing efficiency. Currently, substantial consolidation is taking place in the state bank sector and surprisingly privatization. In light of the tighter regulations and intensifying digitalization, structural changes will even rather tend to accelerate. But there are positive signs, too. Banks are increasingly looking for closeness to the customers, and after years of restraint regarding personnel, they are systematically strengthening their presence on the market again. Demand for a new corporate culture and credible products as well as competitors with innovative business models and successful FinTech companies are challenging management’s creativity.
HEADSAHEAD has outstanding networking, profound industry expertise, and has also supported numerous changes in leadership over the last few years in corporate banking, private banking as well as in the private and corporate customer segment.
Back to Top