Top 10 Private Banks in the World - Global Brands Magazine

1. J.P Morgan · 2. BNP Paribas · 3. LGT Bank · 4. Industrial and Commercial Bank of China · 5. DBS Private Banking · 6. Morgan Stanley · 7. HSBC · 8. Wells Fargo. Connectwithus Finance Top10PrivateBanksintheWorld Finance SACE’sPushStrategy:DrivingMadeinItalyBeyondTraditionalDestinations Finance CommBankPartnerswithCustomerstoEndFinancialAbuse Finance BosniaandHerzegovina:EIBprovides€20milliontoIntesaSanpaoloBankatoenhancethepositivesocialimpactofSMEs Finance LegacyFX–The2020YearsofGrowth Finance Libertexwinsthe“BestCFDBroker–Europe,2022”Awardatthe10theditionofGlobalBrandsMagazineAwards Finance StandardCharteredpartneredwithIATAtolaunchIATAPayinIndia Finance VisaLaunchesProgramtoHelpMinorityDepositoryInstitutionsDriveEconomicMobility Finance Diversity&Inclusion:successfactorforpeopleandbusiness Finance CBAtoopenTechnologyHubatAdelaide’sLotFourteen Managingmoneyhasbeensomethingthathasnotbeeneveryone’sforte,yetmoneyiswhytheworldworkshardforit.Theworldfunctionsdayandnightjusttogeneratethismonetarybenefit.Withtheadventoftime,money-makingpoliciesandschemeshavebeenmushroomingonalargescale-thispavedwayforeasyloansandwithdrawalofmoney,makingitpossibleforpeopletoownassetsandluxury.Bankshavecomealongwayfromjustrenderingamountstofinancingbusinessstart-ups.Therearesomanyfunctionsthatbanksdootherthanjusttheconventionalwayofloaningmoney.Banksnolongerfunctiononamainstreamcriterionandhaveculminatedovertheageswithmultipleaspectsthatfitwiththeneedsofthesociety. Previouslybanksweredistinguishedunderprivateandpublicundertakinghowevernowtheyhaveexploredintovariousfieldsofoperatingabank.FromSocialresponsibilities,philanthropicactivitiestonew-ageentrepreneurs,emergingmarketsandmanymore. Keepingtheseinmind,thisarticlejotsdownthetop10privatebanksoftheworld.Thesebankshaveclientsfromallovertheworldandtransactionismadeinbulks. 1.J.PMorgan Thisbanktracesitssuccessstorybacktothe1850swheretheancestralbusinessofbankinghadalreadycommenced.J.PMorganwasoneofthepioneerstoadapttoaHighNetWorthbaseandwasthefirstoperationstohireadedicatedchiefinvestmentofficer(CIO)foritsprivatebanking.Itwasinthe8thrankin2019butsprangbacktoanumberin2020.Morganhasalwaysbeenamongthelistofthelargestprivatebanksintheworldbecauseofitsinterestinglobaldiversityandhighendandpolishedpublicrelationpolicy.However,oneofthemainreasonwhythisfinancialinstitutionstandsoutisbecauseofitsexpertiseinre-organisingbusinessestomakethemmoreprofitableandstabletherebygainingcontroloverthem.Theyhadalwaystakenakeeninterestinfinancingthepublicinfrastructureofanyplace. 2.BNPParibas HailingfromwesternEurope,thisbankhasalwaysbeenamongthetop10sincethelastsixyearsandnowitisunstoppable.Thisbankhasattractedsomanyclientsandemployeesovertheyearsbecauseofitsaccessibilitytotheircustomers.Openedasaninvestmentbankandinternationalfinancialserviceproviderforcorporateandinstitutionalclients.ItispresentacrossEurope,theAmericasandAsia.ThisFrenchbankmightnotbegainingimportanceinthehomecontinentbutstillmakingheadlinesamongAsians.Knownforawork-friendlyambience,eventhemanagersareaccessible,oneoftheimportantreasonstoattractcustomers. 3.LGTBank ThisbankhasalwaystoppedamongtherankingforBoutiqueBanksoftheworld.Boutiquebanksaretheoneswhicharecharacterisedbyanon-fullserviceinvestmentbankthatspecialisesinatleastoneaspectofinvestmentbanking,generallycorporatefinance.Itisoneamongtheinternationallyprivatelyownedbankstoallowitscreditworthinesstobeevaluatedbyindependentratingagencies.Thisyear,itenteredAsiaandhadremarkablegrowthwhiletakingcontrolofIndia’sValidusWealthandopeningitsfirstofficeinThailand.LGThasbeenmakingasteadygrowthsinceJune2019withitsNetassetsincreasedat6%,sincethenithasseennostopping. 4.IndustrialandCommercialBankofChina ThelargestandtherichestbankintheworldistheIndustrialandCommercialbankofChina.Itisoneofthe“BigFour”oftheHeavenlyEmpireandcontrolsalmost1/5thofallbankinginChina.ICBChas$4322billiontotalassetsaccordingtothelatestdata,anditsmarketcapitalisationtotals$424billion.Theyoffermostoftheirloansinmanufacturing,transportation,powerandretail.Itreporteda3.3%riseinprofitforthe3rdquarterof2017withanemployeecountof460,000. 5.DBSPrivateBanking DBSisaSingaporeanmultinationalbankingandfinancialservicecorporationheadquarteredinMarinaBay,Singapore.Knowntoholdthetitleforthe“BestBankinAsia”andthe“BestInnovativeBank”atPrivateWealthManagement/TheBanker’s2018GlobalPrivateBankingAward.Itisoneofthefast-growingnativeAsianPrivateBanks.Thisbankbeingtech-savyalwaysaheadinthisarena.ItlauncheditscoreonlineplatformiWealthin2011.Ithasover280branchesacross18marketsandnowalsogrowingstronginTaiwandespitethepoliticalscenario. 6.MorganStanley AnAmericanbankfamousforitsmultinationalinvestmentandfinancialservices.Withitsnameamongthebestbanksandagloballeaderinexecutingtransactionsincashequityandequity-relatedproductsforinstitutionalclientsaroundtheworld.AhugeshareholderintheUStechmarketwithhighnetworthbusinessclients.IthascrossedBankofAmericainthelatestfigurestobecomethebiggestNorthAmericanprivatebank.Itemploysmorethan60,000peopleworldwide.Thiscompanymakesmoneyprimarilyfromthreeunits:institutionalsecurities,wealthandinvestmentmanagement. 7.HSBC HSBC(Hong-KongandShanghaiBankingCorporation)isoneofthelargestbanksinfinancialservicesorganisationsoftheworldwithbranchesinover64countriesandterritories.Servesover40millionpeopleintheglobalbusiness.Wealth,Personal,CommercialandGlobalBankingMarket.HSBCwasinitiallyfoundinBritishledHongKongreasonwhyithasitsheadquartersinLondon.Itoffersits4millioncustomersaccesstoglobalmarketsthroughitspersonal,privateandretailfinancialservices. 8.WellsFargo KnownforservingcommunitiesmorethananyotherUSbanks,itisthelargestmortgageandautolenderintheUnitedStatesandanestimated10%ofallsmallbusinessesusethisbank’sfinancialservice.ItsaccountratesandfeesarefairlyaveragebutitshugenetworkofbranchesandATMsmakeaconvenientchoiceformany.Survivedthroughmanyforgettablecontroversiestogetaplaceamongthetop10,yetitstandsoutwithanassetcollectionof$1.93trillionandisoneofAmerica’slargestretailbanks. 9.CitiPrivateBank Thisbankisasubsidiaryofamultinationalbankingconglomerate,Citigroup,whichmarketsprivatebankingservicesforhighnetworth.CrownedastheBestGlobalPrivateBankatthePWM/TheBankerGlobalPrivateBankingAwards2019,retainingthetophonourforthesecondyearrunning.BestforCustomerservicesandforglobalfamiliesandfamilyoffices.AleaderinMexico,thegrouphasretreatedfromretailbankingacrosstheregionbutretainsafootholdinnolessthan23LatinAmericanJurisdictions. 10.UBSWealthManagement UBShasitsreachonwealthandassetmanagementaswellasinvestmentbankingservicesforprivate,corporateandinstitutionalclientswithinternationalservice.Itiswellknowntomanagethelargestamountofprivatewealthintheworldwithhalfoftheworld’sbillionaire’sastheirclients.UBSmaintainsaglobalinvestmentbankandisconsideredaprimarymarketmakerevenaftercurtailingitssideoperations. GlobalMarkethasbeenopentosomanyopportunitiesandvarioustypesofventuresforthosedeeplyintofinancialknow-how.Choosingamongtherightbankisnoweasyaseachbankhasitsownsetsofprioritiesandexpertise.However,investingyourvaluablemoneyonvariousassetsrequiresexpertadviceandanattitudeofarisktakersothatyoucanputyourbestfootforward. RelatedTopics:BestPrivateBanksTopPrivateBanksTopPrivateBanksoftheWorld UpNext TheInternationalChallengeFromWonga Don'tMiss TitanTrustBankwins2internationalawardsatthe9theditionofGlobalBrandsMagazineAwards ContinueReading Youmaylike Clicktocomment LeaveaReplyCancelreplyYouremailaddresswillnotbepublished.Requiredfieldsaremarked*CommentName* Email* Website Savemyname,email,andwebsiteinthisbrowserforthenexttimeIcomment. TextTranslator AwardsCeremony ClickontheImagetoviewtheMagazine GlobalBrandsMagazineAwardsCeremony Translate»