Quotes from Wealth Management Summit

(Reuters) - Following are quotes from executives speaking at the Reuters Wealth Management Summit being held in Boston, Singapore and Geneva until Oct 15:

PATRICK DU SAINT, BNP PARIBAS (BNPP.PA: Quote, Profile, Research, Stock Buzz), HEAD OF PRIVATE BANKING

SWITZERLAND,

"We have to take time for the market to stabilize. We will have the impact on the equity values from the economic crisis, which is obviously coming now."

JUERG ZELTNER, UBS (UBSN.VX: Quote, Profile, Research, Stock Buzz), HEAD OF WEALTH MANAGEMENT NORTH, EAST AND

CENTRAL EUROPE

"The crisis shows everybody is afraid, people want the money in safe places. Globally it is very important for people where they bank, where they have their money, and in what they are invested."

"It is very hard to command trust ...We do know there is substantial damage and it will take years to rebuild it to levels we had before."

"This crisis would not have been solved without government intervention. We acknowledge this. We as an industry exposed ourselves to too much risk."

CHARLES LOWENHAUPT, LOWENHAUPT GLOBAL ADVISORS, ST. LOUIS, CHAIRMAN AND

CHIEF EXECUTIVE

"Over the last 100 years great wealth has been built in business and preserved in portfolios of stocks, bonds, real estate and other more or less publicly traded assets. Great wealth has not been preserved in derivatives, hedge funds, etc. The families I know ... many of them have said, it's worked for 100 years and they have had full transparent portfolios ... others have jumped on what they considered the sharpest, shrewdest, etc., the smartest financial advisers ... those who jumped on that right now are really scared and they're scared because they know there's no transparency. So they're holding these funds of funds, these very complex financial arrangements they never really understood."

BRUCE HOLLEY, BOSTON CONSULTING GROUP, NEW YORK, SENIOR PARTNER AND MANAGING

DIRECTOR

"You've seen the market dramatically go up yesterday (Monday) and I get very nervous when you see that much volatility in a short period of time .... When you have these massive swings, and continued massive swings, it makes me nervous because typically it means there is a lot of imperfect information out there and unaligned points of view."

TIMOTHY VAILL, BOSTON PRIVATE FINANCIAL HOLDINGS WEALTH MANAGEMENT GROUP  Continued...