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Banking’s bull market days are over and success in today’s very different world calls for a new leadership model, writes Robert N. Sloan, a consultant at Egon Zehnder International, New York, in American Banker. The essence of this model is revitalizing teams, argues Sloan. In his view, the requisite shift away from banking’s individualistic culture can only be achieved by fostering shared values and common goals. This means encouraging team members to collaborate, coordinate and connect, writes Sloan. Banking leaders also need to adopt a more disciplined approach to evaluating team effectiveness, he adds. This means assessing the competencies of the team leader, of individual team members, and at the attributes of the team as a whole. A new approach to teams is the key to implementing the sweeping cultural changes that banks urgently need, Sloan concludes.