KPMG’s new survey finds that most wholesale bankers need to dramatically overhaul their customer relationship management practices to recapture profitability and remain competitive. Banks are placing big bets on the future by merging with one another and with securities firms, believing success will come from selling a broad array of financial services to an evergrowing customer base. Most wholesale bankers believe business will continue as usual, only on a larger scale. Life is not that simple. While acquisition is a sound strategy for many financial services organizations, size alone cannot guarantee success. To attract customers that consume a broad array of financial services and products, wholesale banks must re-examine their approach to relationship management. All revenues are not created equal, and banks must learn to identify and pursue customers who return the most profits. Banks that think traditional relationship management will suffice will soon find themselves left behind. Market leaders already have embarked on re-designing their relationship management approaches, according to KPMG’s recently completed Wholesale Banking Relationship Management Survey. Only through relationship management realignment can banks hope to counteract recent industry trends: declining profitability, lack of revenue growth, increased competition, and the need to maximize their investment in investment banking services.