Key quotes from wealth management summit

GENEVA (Reuters) - The following is a selection of some of the key quotes by speakers during the Reuters Wealth Management Summit in Geneva.

ON TROPHY ASSETS:

"You see them getting into trophy assets. A huge number of clients have yachts. These are super yachts, they're mind-boggling really." Christopher Meares, Chief Executive Officer at HSBC (HSBA.L: Quote, Profile, Research, Stock Buzz) Private Bank UK, Channel Islands & Luxembourg.

"We have a client who is on his third jet loan in two years." Marianne Hay, Chief Executive Officer at Citigroup Global Wealth Management.

"I know more than 80 of our top 300 clients. They don't spend. They have one house in Kitzbuel and one house in Hamburg. Their yacht is 15 meters." Christopher von Oppenheim, member of Sal Oppenheim's board, commenting on the frugal nature of his customers who tend not to go in for trophy assets.

ON GROWING TREND OF PHILANTHROPY:

"As opposed to blowing it on a yacht, maybe I'll help set up something." Thomas L. Kalaris, chief executive of Barclays Wealth Management, commenting on clients who decide to give away some of their money on worthy social causes.

"People want to be remembered for their legacy." Citigroup's Marianne Hay.

"The Woodstock generation have a different view (on the world)." Bertrand Lavaysierre, managing director of global financial services at Capgemini.  Continued...