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For UBS, the world’s biggest wealth manager, SFA is part of growth plans that focus in part on attracting wealthy North Americans as new customers. In the next three years, it wants to collect $70 billion of new money from so-called ultra-high net worth individuals, and convince them to invest their money not only at home, but internationally, Wegner said. In a unit for people with a net worth of more than 100 million Swiss francs, UBS had assets under management of 643 billion francs ($642 billion) at the end of the third quarter modern cufflinks uk sale.
BARCELONA (Reuters) – Traditional advertising groups hope that their creative flair will prevail against the technological clout of consultancies encroaching on their business, but there are signs the two sides of the divide are moving closer together. The likes of Accenture, PwC and IBM have been buying small ad agencies to serve clients hungry for data-driven insight to focus their marketing spend. The major advertising holding groups — WPP, Publicis, Interpublic and Omnicom — have responded by building up their own consulting services modern cufflinks uk sale. But they are under pressure from advertisers that are bolstering their own capabilities and cutting back on big brand campaigns..
“I don’t believe that our industry is a dying industry,” Interpublic Chief Executive Michael Roth told the Morgan Stanley Technology, Media and Telecoms conference in Barcelona this week. “If you get the data analytics, if you get the tools and resources and have the creative capabilities that we have, we are more necessary than ever.”. Publicis CEO Arthur Sadoun, however, told the same conference it was only a matter of time before one of the big four would merge with a consultancy modern cufflinks uk sale.
“My prediction is that you will see a holding company get together with a systems integrator,” he said. Tentative steps have already been taken by some to partner consultants, notably Publicis working with Capgemini to win a McDonald’s contract. WPP, meanwhile, has tied up with PwC on a couple of pitches, finance chief Paul Richardson told the conference. He said WPP is used to dealing with Capgemini, Deloitte and Accenture – competing in databases and marketing technology but working in partnership in areas such as program management for big government contracts modern cufflinks uk sale.
But Richardson says the consultancies cannot compete when it comes to the creative side of advertising. “I would stress creativity and storytelling are the two things clients want us to provide in a pitch,” he said, adding that WPP’s revenues were challenged by weakness in North America, tough consumer goods markets and management issues in parts of its business. “It’s nothing to do, in my opinion, with the consultancies eating our lunch,” he said modern cufflinks uk sale. But the advertising groups are also beefing up their own capabilities in data analytics to serve clients spending more on Facebook and Google, where metrics such as engagement have been hard to measure..