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November 2008
To Market "Trust", Bank Executives Must Connect.

 

“The image that we are going to be trying to project for the next 10 years will be safety and security.”

Those were the words from a senior vice president for external communications for a major bank.  We were meeting with him to discuss a program to help his senior executives improve their ability to give presentations to community groups.

Since we are in the business of training executives to give speeches, of course, we found his words particularly interesting.  But his words also seem to point out that with the financial services industry melting down, banking executives in coming years will have to dramatically improve their image.

The financial services industry, more than any other, sells trust. If the public won’t trust a particular bank or investment firm with its money, that institution can’t function.

So how are financial institutions going to rebuild trust after the current debacle? True regulatory reform will obviously play a major role. And certainly marketing and advertising will have a role.  

But a firm’s brand, contrary to what many think, is not the responsibility of the marketing organization.  Ultimately, the most important bearers of the brand are the executives and employees themselves.

If a financial services company wants to build trust, then their people are going to have to inspire confidence. Part of the way you do that is by learning to communicate with customers, business partners, regulators, and prospects in a way that connects.

At Speechworks we help our clients learn how to communicate in a way that connects and persuades.  If you’re interested in becoming a great communicator give us a call at 404-266-0888 or check out our website at www.speechworks.net.

 
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