Where were the experts when the financial crisis struck? How could they have allowed it to happen?

To a large extent, the private banking industry leading up to the 2008 financial debacle was similar to the sales industry, where private bankers were instructed to sell, and targets and key performance indicators were centered on how much revenue they could drum up.

When disaster struck, client scepticism toward the financial sector - and the banking industry within the sector - reached an all-time high, while morale in the private banking industry hit an all-time low.