Uncertain Times for Banks means Professional Asset Management more vital than Ever

Recent Statements by IMF Financial Counsellor, Jose Vinals, suggest that even four years after the Global Financial Crisis began the banking system has yet to fully recover.

London, UK (Pryce Warner International Group) April 19th, 2011 – According to Mr Vinals, many advanced nations economy’s are still in danger and the large sums of volatile capital pouring into emerging market economies is creating a new threat to financial stability and Global Recovery.

Mr Vinals described European banks as being especially "weak", with almost a third of banks functioning with inadequate capital buffers.

(IMF Financial Counsellor Jose Vinals)

It’s not all doom and gloom though, Spain has largely "decoupled" from the problems experienced by Greece, Ireland and Portugal. He also saw no need for Greece or Ireland to restructure their debts.

The present state of uncertainty over banks and financial institutions means Investing at this time can be a minefield. Protecting your existing Assets has also become more challenging in recent years.

Expats are in a very good position to protect themselves though, they are eligible for a range of tax and Investment services that can minimise the danger of future crises’ and offer better rates of return and growth.

Professional Asset management is key to ensuring your assets are protected and that any future Investments you wish to make are properly diversified and safeguarded.

With Global markets still very much in a state of uncertainty and volatility, Expats should err on the side of caution when considering any Investments and seek the advice of professional Investment groups.

David Harra, a Senior Market & Investment Analyst with Pryce Warner International Group, a Respected Financial Services Group who are specialists in the provision of Pension Plan Management for Expatriates Worldwide commented: “We have clients all over the world, so we have seen the effects of the global recession first hand. However we have consistently managed not only to Preserve Capital for our clients but maintain Growth of Assets through careful planning and analysis of global trends. Mr Vinals comments certainly offer food for thought on ways to minimise the dangers of any future crises’ and emphasise the importance of professional investment management.”

Pryce Warner International Group provide International Asset & Investment Management, Independent Financial Advice & QROPS Overseas Pensions.

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By: Aneil Fatania
Financial Editor
Pryce Warner International Group
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