Private banking and wealth management awards 2007: The world's best private banks

Private banking and wealth management awards 2007: A wealth of opportunity?

FOR THE FOURTH time, UBS Wealth Management takes the title of best global private bank in Euromoney’s annual private banking survey. Through acquisitions and aggressive expansion, the Swiss bank has succeeded in building up a presence across the globe and rolling out its holistic wealth management solution to the broadening needs of high-net-worth clients.

The results of this year’s survey, however, point to growing competition from regional players on their home turf. Global private banks will need to develop their onshore capabilities strongly to compete, or look to make acquisitions. A global focus by private banks on clients in the wealth creation phase is further intensifying competition. Private banks have to convince clients that they have access to the best-of-breed third-party products in alternative investments, and access to balance sheets to aid high-net-worth investors in this phase...