Private banking and wealth management are commonly perceived as interchangeable terms.

But as the latest announcement from NatWest Group (the former RBS Group) illustrates, an institution’s personal wealth management interests are rarely confined to “private banking”.

In addition to Adam & Co., Child & Co., Coutts, Drummonds, and Holt’s, its private banking brands, NatWest provides a range of banking and wealth management services to an affluent clientele through its Premier Banking and Premier 24 offerings.

Henceforth all NatWest’s wealth management businesses will come under the oversight o...