Private Banking Survey 2004: full results and methodology

COPYING AND DISTRIBUTING ARE PROHIBITED WITHOUT PERMISSION OF THE PUBLISHER: CHUNT@EUROMONEY.COM

By:
Published on:

Private banking 2004: The reinvention of private banking

Throughout the survey, 'c' denotes commended.

Best global private bank
1UBS
2Citigroup Private Bank
3HSBC Private Bank
4Credit Suisse Private Banking
5JPMorgan Private Bank
6Deutsche Bank Private Wealth Management
7Pictet & Cie
8Goldman Sachs
9BNP Paribas
10MeesPierson
11Société Générale
12Morgan Stanley
13ABN Amro Private Banking
14Coutts & Co
15ING Private Banking
16Carnegie
17Banque Degroof
18Nordea
19Banco Banif
20Rothschild
21Sal Oppenheim Jr & Cie
22Dresdner Bank
23Merrill Lynch
24Julius Baer
25Bank Hofmann
>Western Europe
>Best private bank
1UBS
2Credit Suisse Private Banking
3JPMorgan Private Bank
4Pictet & Cie
5HSBC Private Bank
6BNP Paribas
7Carnegie
8Nordea
9Bank Leu
10HVB Group
11Sal Oppenheim Jr & Cie
12ABN Amro Private Banking
13Deutsche Bank Private Wealth Management
14Banco Banif
15SEB
16Banque Degroof
17Hoare & Co
18Rothschild et Cie
19Petercam
20ING Private Banking
21Bank Privat
22Citigroup Private Bank
23Coutts & Co
24Handelsbanken
25Bankinter
>Best at privacy and security
1Credit Suisse Private Banking
2Pictet & Cie
3UBS
4JPMorgan Private Bank
5Carnegie
6MeesPierson
7=Banque Degroof
7=Hoare & Co
9=Bankinter
9=BBVA Banca Privada
9=Sal Oppenheim Jr & Cie
9=Société Générale
>Best at relationship management
1UBS
2Credit Suisse Private Banking
3Pictet & Cie
4JPMorgan Private Bank
5=Goldman Sachs
5=HSBC Private Bank
5=Morgan Stanley
8Rothschild
9=Banco Banif
9=Hoare & Co
11=Banque Degroof
11=Carnegie
11=Hauck & Aufhauser Privatbankiers
11=Julius Baer
11=Rabobank
11=Sal Oppenheim Jr & Cie
11=Société Générale
>Best at servicing international clientele
1UBS
2Credit Suisse Private Banking
3HSBC Private Bank
4JPMorgan Private Bank
5Deutsche Bank, Private Wealth Management
6=ABN Amro Private Banking
6=SEB
8BNP Paribas
9Nordea
10Citigroup Private Bank
11Pictet & Cie
>Best use of technology
1UBS
2Deutsche Bank, Private Wealth Management
3Nordea
4Rothschild
5ING Private Banking
6Credit Suisse Private Banking
7Morgan Stanley
8BNP Paribas
9ABN Amro Private Banking
10=Bankinter
10=eQ Online
10=Société Générale
>Best for high net worth
1UBS
2Deutsche Bank Private Wealth Management
3Pictet & Cie
4Rothschild
5JPMorgan Private Bank
6HSBC Private Bank
7Nordea
8Dresdner
9=MeesPierson
9=Goldman Sachs
9=ING Private Banking
12BNP Paribas
>Best for super affluent
1HSBC Private Bank
2UBS
3Deutsche Bank Private Wealth Management
4Credit Suisse Private Banking
5Barclays
6Coutts & Co
7=Julius Baer
7=F Van Lanschot
9MeesPierson
10Banco Banif
11=BNP Paribas
11=Société Générale
>Best for ultra high net worth
1JPMorgan Private Bank
2UBS
3Goldman Sachs
4Pictet & Cie
5=Credit Suisse Private Banking
5=Deutsche Bank Private Wealth Management
7MeesPierson
8Morgan Stanley
9Sal Oppenheim Jr & Cie
10=Banco Banif
10=Banque Degroof
10=Feri Finance
10=LCF Edmond de Rothschild
10=Rothschild
>Best for ethical investment
1Bank Sarasin
2Citigroup Private Bank
>Best for equities portfolio management
1Deutsche Bank, Private Wealth Management
2=Credit Suisse Private Banking
2=MeesPierson
2=JPMorgan Private Bank
2=UBS
>Best for fixed income portfolio management
1=BNP Paribas
1=Deutsche Bank Private Wealth Management
3JPMorgan Private Bank
>Best for real estate management
1=Catella Properties
1=Credit Suisse Private Banking
3=BNP Paribas
3=Zurich Cantonalbank
>Best for tax guidance
1PricewaterhouseCoopers
2Ernst & Young
3MeesPierson
>Best for art banking
1UBS
2Dexia
>Best for corporate advisory services
1UBS
2Credit Suisse Private Banking
3=Banque Degroof
3=Carnegie
3=Goldman Sachs
3=Rothschild
7=Deutsche Bank, Private Wealth Management
7=Dexia
>Best for family office services
1UBS
2Pictet & Cie
3=MeesPierson
3=Sauerborn Trust
>Best for hedge fund investments
1=Credit Suisse Private Banking
1=Deutsche Bank, Private Wealth Management
1=GAM
1=Man Group
1=Société Générale
6UBP
>Best for inheritance advice
1=Banque Degroof
1=Credit Suisse Private Banking
1=KPMG
4=Cuatrecasas
4=Wegelin & Co Privatbankiers
>Best for Islamic banking
1HSBC Private Bank
>Best for luxury collectibles investment (not-art)
CABN Amro Private Banking
CBNP Paribas
CCredit Suisse Private Banking
CLombard Odier Darier Hentsch
CMirabaud & Cie
CUBS
>Best for luxury valuable investment (not-art)
CChristies
CClariden Bank
CCrédit Agricole
CLombard Odier Darier Hentsch
CMirabaud & Cie
CSotheby’s
CCitigroup Private Bank
CUBS
>Best for managed futures
1Man Group
2Société Générale
>Best for offshore services
1UBS
2Citco
3Credit Suisse Private Banking
>Best for philanthropy
1MeesPierson
>Best for precious metals investing
1ABN Amro Private Banking
2MeesPierson
>Best for private equity investment
1=BC Partners
1=Credit Suisse Private Banking
1=JPMorgan Private Bank
1=Lazard
1=LGT Bank in Liechtenstein
1=UBS
7Goldman Sachs
>Best for services to clients with inherited family businesses
CJPMorgan Private Bank
CSal Oppenheim Jr & Cie
CZurcher Kantonalbank
>Best for services to clients with inherited wealth
1MeesPierson
2UBS
3=Banque Degroof
3=Santander
>Best for services to wealthy artist
1Coutts & Co
2=ABN Amro Private Banking
2=UBS
4=Deutsche Bank Private Wealth Management
4=Lloyds Private Bank
>Best for services to wealthy bankers
1UBS
2=Coutts & Co
2=Goldman Sachs
2=Julius Baer
>Best for services to wealthy corporate career individuals
1ABN Amro Private Banking
2=Banque Degroof
2=ING Private Banking
>Best for services to wealthy entertainers (music/movies)
1UBS
2=HSBC Private Bank
2=ING Private Banking
4Credit Suisse Private Banking
5Coutts & Co
>Best for services to wealthy entrepreneurs
1Goldman Sachs
2UBS
3Sal Oppenheim Jr & Cie
4=JPMorgan Private Bank
4=KBC
>Best for services to wealthy sportsmen
1UBS
2=Coutts & Co
2=Credit Suisse Private Banking
4HSBC Private Bank
5=ABN Amro Private Banking
5=MeesPierson
>Best for structured products
1Société Générale
2Credit Suisse Private Banking
3Dresdner Kleinwort Benson
4Commerzbank
5Ålandsbanken
>Best for succession planning
1MeesPierson
2UBS
3Credit Suisse Private Banking
4Cuatrecasas
>Best for trust services
1ABN Amro Private Banking
2=Bank of Bermuda
2=Credit Suisse Private Banking
2=Royal Bank of Canada
>Switzerland
>Best private bank
1Credit Suisse Private Banking
2UBS
3Pictet & Cie
4HSBC Private Bank
5Bank Leu
6Citigroup
7ABN Amro Private Banking
8Julius Bär
9Bank Hofmann
10JPMorgan Private Bank
>Best for privacy and security
1Pictet & Cie
2Credit Suisse Private Banking
3Mirabaud & Cie
CABN Amro Private Banking
CBank Hofmann
CBank Leu
CBank of New York – Inter Maritime Bank
CBank Sarasin
CBaumann & Cie
CBordier & Cie
CClariden Bank
CHSBC Private Bank
CJulius Bär
CLGT Bank in Liechtenstein
CLiechtensteinische Landesbank
CUnion Bancaire Privée (UBP)
CVP Bank
>Best for relationship management
1Pictet & Cie
2Julius Bär
3Bank Hofmann
CABN Amro Private Banking
CBank Leu
CBank of New York – Inter Maritime Bank
CBaumann & Cie
CBordier & Cie
CClariden Bank
CCredit Suisse Private Banking
CHSBC Private Bank
CLGT Bank in Liechtenstein
CLombard Odier Darier Hentsch
CMaerki Baumann & Co
CRothschild
CUBS
CUnion Bancaire Privée (UBP)
>Best for servicing international clientele
1Credit Suisse Private Banking
2=Bordier & Cie
2=Pictet & Cie
4UBS
5=Bank Hofmann
5=Julius Bär
CABN Amro Private Banking
CBank of New York – Inter Maritime Bank
CClariden Bank
CHSBC Private Bank
CLGT Bank in Liechtenstein
CMaerki Baumann & Co
>Best for high net worth
1Pictet & Cie
2UBS
3Credit Suisse Private Banking
4Julius Bär
CABN Amro Private Banking
CBank Hofmann
CBank Leu
CBank of New York – Inter Maritime Bank
CBordier & Cie
CClariden Bank
CHSBC Private Bank
CLGT Bank in Liechtenstein
CMaerki Baumann & Co
CRothschild
>Best for super affluent
1Credit Suisse Private Banking
2UBS
3Julius Bär
CABN Amro Private Banking
CBank Hofmann
CBank Leu
CBank of New York – Inter Maritime Bank
CBaumann & Cie
CBordier & Cie
CClariden Bank
CCoutts & Co
CHSBC Private Bank
CLGT Bank in Liechtenstein
CMaerki Baumann & Co
CMirabaud & Cie
>Best for ultra high net worth
1Pictet & Cie
2UBS
3Credit Suisse Private Banking
4Bank Hofmann
CABN Amro Private Banking
CBank of New York – Inter Maritime Bank
CBordier & Cie
CClariden Bank
CHSBC Private Bank
CJulius Bär
CLGT Bank in Liechtenstein
CMaerki Baumann & Co
>Best specialist providers
>Baker & McKenzie
>Inheritance advice
>Christies
>Luxury valuable investment (not-art)
>Citco
>Offshore services
>Colliers Asset Management Immobilier
>Real estate investment
>Ernst & Young
>Tax guidance and services
>ethos Investment Foundation
>Ethical investing
>European Investors
>Real estate investment
>Fritz Kaiser Group
>Family office services
>GAM
>Hedge fund investments
>Ilex Trust Services
>Trust services
>LGT Capital Partners
>Private equity investment & hedge funds
>Man Group
>Managed futures
>Oberson & Partners
>Tax guidance and services
>Olympia Capital Group
>Hedge fund investments
>Partners Group
>Private equity investment
>PricewaterhouseCoopers
>Tax guidance and services & services to clients with inherited wealth and businesses
>Raiffeisen
>Services to wealthy entrepreneurs
>Schroders
>Art banking
>Sotheby’s
>Luxury valuable investment (not-art)
>STG
>Trust services, offshore services, and succession planning
>Swissca
>Portfolio management equities
>The Mentor Foundation
>Philanthropy services
>Trident Corporate Services
>Offshore services
>Switzerland - Best provider of services to clients with inherited wealth
1Grupo Santander
2Credit Suisse Private Banking
3Pricewaterhouse Coopers
>UK
>Best private bank
1Coutts & Co
2UBS
3HSBC Private Bank
4Hoare & Co
5Goldman Sachs
6Rothschild
7JPMorgan Private Bank
8Citigroup Private Bank
9Rathbones
10Adam & Co
>Best at privacy and security
1Hoare & Co
2UBS
3Pictet
CAdam & Co
CCoutts & Co
CHSBC Private Bank
CRothschild
>Best at relationship management
1Hoare & Co
2UBS
3HSBC Private Bank
4Rathbones
CAdam & Co
CCoutts & Co
CCredit Suisse Private Banking
CGoldman Sachs
CMorgan Stanley
CRothschild
>Best at servicing international clientele
1HSBC Private Bank
2=Citigroup Private Bank
2=UBS
CABN Amro Private Banking
CBNP Paribas
CCoutts & Co
CCredit Suisse Private Banking
CGoldman Sachs
CKleinwort Benson Private Bank
CMorgan Stanley
CRathbones
CRothschild
>Best for high net worth
1Coutts & Co
2HSBC Private Bank
3UBS
CCredit Suisse Private Banking
CGoldman Sachs
CHoare & Co
CJPMorgan Private Bank
CKleinwort Benson Private Bank
CRathbones
CRothschild
CSinger & Friedlander
>Best for super affluent
1=Barclays
1=Coutts & Co
3=Hoare & Co
3=Rathbones
CAdam & Co
CCarr Sheppards
CCredit Suisse Private Banking
CHSBC Private Bank
CJO Hambro
CLeopold Joseph
CNCL Smith & Williamson
CRothschild
CUBS
>Best for ultra high net worth
1Goldman Sachs
2UBS
3JPMorgan Private Bank
CCoutts & Co
CCredit Suisse Private Banking
CGAM
CHSBC Private Bank
CMorgan Stanley
CRathbones
CRothschild
CSchroders
>Best specialist providers
>Aberdeen Murray Johnstone
>Private-equity investment
>Cazenove
>Services to clients with inherited family businesses
>Cheyne Investments
>Hedge fund investments
>Chiswell Associates
>Philanthropy services
>Close Brothers
>Private-equity investment
>Currey & Co
>Succession planning
>Fleming Family Partners
>Family office Services
>GAM
>Structured products, hedge funds & equities
>GLG
>Hedge fund investments
>ISIS
>Ethical investing
>JO Hambro
>Portfolio management equities
>Jupiter
>Ethical investing
>KPMG
>Inheritance advice
>Lord North Street
>Family office services
>Matrix
>Real estate investment
>Mellon
>Portfolio management fixed income
>Newton
>Portfolio management equities
>Odey
>Hedge fund investments
>Rawlinson & Hunter
>Austria
>Best private bank
1Bank Privat
2Deutsche Bank, Private Wealth Management
3Bankhaus Carl Spängler & Co
4UBS
5Schoellerbank
6Constantia
7Raiffeisen Zentralbank
8=Sal Oppenheim Jr & Cie
8=Vontobel
>Best at privacy and security
CBank Privat
CBankhaus Carl Spängler & Co
CDeutsche Bank, Private Wealth Management
CSchoellerbank
CUBS
>Best at relationship management
CBank Privat
CBankhaus Carl Spängler & Co
CDeutsche Bank, Private Wealth Management
CSchoellerbank
CUBS
>Best at servicing international clientele
1Bank Privat
CDeutsche Bank, Private Wealth Management
CSchoellerbank
CUBS
>Best private bank high net worth
CBank Privat
CDeutsche Bank, Private Wealth Management
>Best for ultra high net worth
CDeutsche Bank, Private Wealth Management
>Best specialist providers
>Ernst & Young
>Tax guidance and services
>Meinl Bank
>Private equity investment
>Quadriga
>Managed futures
>Vienna Capital Partners
>Belgium
>Best private bank
1Banque Degroof
2UBS
3Petercam
4ING Private Banking
5MeesPierson
6Bank Delen
7ABN Amro Private Banking
8Dexia
9KBC
10BNP Paribas
11F van Lanschot
12HSBC Dewaay
13Dexia
>Best at privacy and security
1Banque Degroof
2MeesPierson
CABN Amro Private Banking
CBank Delen
CPetercam
CUBS
>Best at relationship management
1Banque Degroof
2Petercam
CABN Amro Private Banking
CBank Delen
CDexia
CF van Lanschot
CUBS
>Best at servicing international clientele
1ING Private Banking
2=BNP Paribas
2=UBS
CABN Amro Private Banking
CF van Lanschot
CPetercam
>Best for high net worth
1Banque Degroof
2Petercam
CABN Amro Private Banking
CBanque Degroof
CMeesPierson
CING Private Banking
CUBS
>Best for super affluent
1Petercam
CABN Amro Private Banking
CBank Delen
CBanque Degroof
CF van Lanschot
CMeesPierson
CING Private Banking
CUBS
>Best for ultra high net worth
1Banque Degroof
2MeesPierson
CABN Amro Private Banking
CHSBC Dewaay
CPetercam
CUBS
>Best specialist providers
>Deloitte
>Inheritance advice
>Koning Boudewijn Richting
>Philanthropy services
>Praxis
>Family office services
>Ti-Berghien
>Tax guidance and services
>Triodos Bank
>Cyprus
>Best private bank
1Bank of Cyprus
2Alpha Finance
3Laiki Bank
>Denmark
>Best private bank
1Danske Bank
2Jyske Bank Private Banking
>Finland
>Best private bank
1Mandatum Private Bank
2Nordea
3Evli Bank
4Gyllenberg
5Ålandsbanken
7JPMorgan Private Bank
7OKO Bank
8Carnegie
9Credit Suisse Private Banking
10United Bankers Securities
>Best at privacy and security
CCarnegie
CCredit Suisse Private Banking
CEvli Bank
CGyllenberg
CMandatum Private Bank
COKO Bank
>Best at relationship management
CAktia
CCredit Suisse Private Banking
CEvli Bank
CGyllenberg
CMandatum Private Bank
COKO Bank
>Best at servicing international clientele
CEvli Bank
CGyllenberg
CJPMorgan Private Bank
CMandatum Private Bank
CNordea
COKO Bank
CSEB
>Best for High Net Worth
1Nordea
CEvli Bank
CJPMorgan Private Bank
CMandatum Private Bank
COKO Bank
>Best for super affluent
1Mandatum Private Bank
CEvli Bank
CNordea
COKO Bank
COP Private
>Best for ultra high net worth
CGyllenberg
CJPMorgan Private Bank
CMandatum Private Bank
COKO Bank
>Best specialist providers
>Catella Properties
>Real estate investment
>eQ Online
>Use of technology
>KLegal
>Tax guidance and services
>Lindgren & Mitts
>Inheritance advice
>Pohjola
>Hedge fund investments and services to wealthy sports players
>Ramsay & Tuutti
>France
>Best private bank
1Société Générale
2BNP Paribas
3UBS
4Rothschild et Cie
5JPMorgan Private Bank
6Banque NSMD
7Crédit Agricole
8Lazard
9HSBC Private Bank
10Crédit Lyonnais
11LCF Edmond de Rothschild
12Banque Sudameris
13BGPI
14Credit Suisse Hottinguer
15Banque OBC
16Merrill Lynch
17Natexis Banques Populaires
18Crédit Agricole
>Best at privacy and security
1Société Générale
CBNP Paribas
CCredit Suisse Hottinguer
CJPMorgan Private Bank
CLazard
CRothschild et Cie
CUBS
>Best at relationship management
1Banque NSMD
2=Credit Suisse Hottinguer
2=Société Générale
4=Banque Sudameris
4=BNP Paribas
CJPMorgan Private Bank
CUBS
>Best at servicing international clientele
1UBS
2Société Générale
3JPMorgan Private Bank
4=Banque Sudameris
4=HSBC Private Bank
CBanque NSMD
CBNP Paribas
CCredit Suisse Hottinguer
>Best for high net worth
1Banque NSMD
2LCF Edmond de Rothschild
3UBS
CBanque Sudameris
CBGPI
CBNP Paribas
CCredit Suisse Hottinguer
CHSBC Private Bank
CRothschild et Cie
CSociété Générale
>Best for super affluent
1Société Générale
2BNP Paribas
3HSBC Private Bank
CBanque NSMD
CBanque Sudameris
CCrédit Agricole
CCrédit Lyonnais
CCredit Suisse Hottinguer
CUBS
>Best for ultra high net worth
1JPMorgan Private Bank
2Rothschild et Cie
3Lazard
CBanque NSMD
CBanque Sudameris
CBNP Paribas
CCredit Suisse Hottinguer
CHSBC Private Bank
CSociété Générale
CUBS
>Best specialist providers
>Alternative & Derivative Investments
>Structured products
>Apogé
>Ethical investing
>Carmignac
>Hedge fund investments
>Citco
>Trust services
>Crédit Foncier de France
>Real estate investment
>Exane
>Managed futures
>HDF Finance
>Hedge fund investments
>PhiTrust Finance
>Germany
>Best private bank
1Deutsche Bank, Private Wealth Management
2Sal Oppenheim Jr & Cie
3UBS
4Credit Suisse Private Banking
5HVB Hypovereinsbank
6Feri Finance
7HSBC Trinkaus & Burkhardt
8JPMorgan Private Bank
9Bank Sarasin
10ING-BHF Private Banking
>Best at privacy and security
1Sal Oppenheim Jr & Cie
CBerenberg (Joh.), Gossler & Co
CBethmann Maffei
CCredit Suisse Private Banking
CHVB Hypovereinsbank
CMetzler
CMM Warburg
CUBS
>Best at relationship management
1Sal Oppenheim Jr & Cie
2Hauck & Aufhauser Privatbankiers
CBerenberg (Joh.), Gossler & Co
CCredit Suisse Private Banking
CHVB Hypovereinsbank
CReuschel
CUBS
>Best at servicing international clientele
1Deutsche Bank, Private Wealth Management
2=HSBC Trinkaus & Burkhardt
2=UBS
CCredit Suisse Private Banking
CHVB Hypovereinsbank
>Best for high net worth
1Sal Oppenheim Jr & Cie
2Deutsche Bank, Private Wealth Management
CBank Sarasin
CCredit Suisse Private Banking
CDelbrück & Co
CFeri Finance
CHSBC Trinkaus & Burkhardt
CHVB Hypovereinsbank
CING-BHF Private Banking
CUBS
>Best for super affluent
1Deutsche Bank, Private Wealth Management
2UBS
CCommerzbank
CCredit Suisse Private Banking
CDelbruck & Co
CHSBC Private Bank
CHVB Hypovereinsbank
CING-BHF Private Banking
>Best for ultra high net worth
1Sal Oppenheim Jr & Cie
2Feri Finance
3=Deutsche Bank, Private Wealth Management
3=UBS
CCredit Suisse Private Banking
CDelbrück & Co
CHVB Hypovereinsbank
CING-BHF Private Banking
CJPMorgan Private Bank
>Best specialist providers
>AWT Group
>Tax guidance and services
>BC Partners
>Private-equity investment
>Ferro Capital
>Hedge fund investments
>Flick, Goecke, Schaumburg
>Succession planning, tax guidance and services
>Man Group
>Hedge fund investments
>Sauerborn Trust
>Trust services & family office services
>Sofinnova Ventures (US)
>Guernsey
>Best private bank
1HSBC Private Bank
2Credit Suisse Private Banking
3Bank of Bermuda
4NM Rothschild & Sons
5Deutsche Bank, Private Wealth
>Best specialist providers
>KPMG
>Italy
>Best private bank
1UniCredito
2Credit Suisse Private Banking
3UBS
4JPMorgan Private Bank
5Citigroup Private Bank
6Banca Esperia
7Goldman Sachs
8Banca Intermobiliare
9=Banca Intesa
9=Sanpaolo IMI
11Morgan Stanley
>Best at privacy and security
CBanca Intermobiliare
CCredit Suisse Private Banking
CJPMorgan Private Bank
CMerrill Lynch
CUBS
>Best at relationship management
CBanca Esperia
CBanca Passadore
CCassa Lombarda
CCredit Suisse Private Banking
CUBS
>Best at servicing international clientele
CBanca Esperia
CCredit Suisse Private Banking
CThe Citigroup Private Bank
>Best for high net worth
1Banca Esperia
2UniCredito
CBanca Intermobiliare
CCredit Suisse Private Banking
CUBS
>Best for super affluent
CBanca Intesa
CCredit Suisse Private Banking
CCitigroup Private Bank
CUBS
CUniCredito
>Best for ultra high net worth
1JPMorgan Private Bank
2UniCredito
CCredit Suisse Private Banking
CGoldman Sachs
CUBS
>Best specialist providers
>BC Partners
>Private-equity investment
>Confinvest
>Precious metals investing
>CVC Capital Partners
>Private-equity investment
>Kairos
>Hedge fund investments
>Nextra Investment Management
>Real-estate investment
>Pirelli RE
>Real-estate investment
>Studio Maisto
>Jersey
>Best private bank
1UBS
2Kleinwort Benson Private Bank
3Deutsche Bank, Private Wealth Management
4Royal Bank of Canada
5Mourant and Co
>Luxembourg
>Best private bank
1UBS
2Banque de Luxembourg
3ING Private Banking
4Banque Privée Edmond
de Rothschild
5Deutsche Bank, Private Wealth
Management
6Banque Générale du Luxembourg
7ABN Amro Private Banking
8Banque Carnegie
9Banque Degroof
10=Dexia
10=Société Générale
>Best at relationship management
CBanque de Luxembourg
CBanque Privée Edmond de Rothschild
CING Private Banking
CUBS
>Best at servicing international clientele
CBanque de Luxembourg
CBanque Privée Edmond de Rothschild
CING Private Banking
CUBS
>Best for high net worth
1UBS
2Banque de Luxembourg
3ING Private Banking
CBanque Carnegie
>Best for super affluent
CBanque Carnegie
CBanque de Luxembourg
CBanque Générale du Luxembourg
CING Private Banking
CUBS
>Best for ultra high net worth
1Banque Privée Edmond de Rothschild
CBanque de Luxembourg
CING Private Banking
CUBS
>Monaco
>Best private bank
1UBS
2HSBC Private Bank
3Credit Suisse Private Banking
4Merrill Lynch
5EFG Bank Group
6Bank von Ernst
7Barclays
8Crédit Foncier Monaco (CFM)
>Best specialist providers
>Citco
>Offshore services
>IMG
>Netherlands
>Best private bank
1ABN Amro Private Banking
2CenE Bankiers
3MeesPierson
4ING Private Banking
5F van Lanschot
6Rabobank
7JPMorgan Private Bank
8Staal Bankiers
9Merrill Lynch
10Crédit Agricole
>Best at privacy and security
CCenE Bankiers
CMeesPierson
CStroeve
>Best at relationship management
1Rabobank
CABN Amro Private Banking
CCenE Bankiers
CF van Lanschot
CMeesPierson
>Best at servicing international clientele
CABN Amro Private Banking
CCenE Bankiers
CMeesPierson
>Best private bank high net worth
CABN Amro Private Banking
CCenE Bankiers
CMeesPierson
CING Private Banking
CRabobank
>Best private bank super affluent
CABN Amro Private Banking
CCenE Bankiers
CF van Lanschot
CRabobank
CStaal Bankiers
>Best for ultra high net worth
1MeesPierson
CABN Amro Private Banking
CCenE Bankiers
CING Private Banking
CMerrill Lynch
>Best specialist providers
>Alex
>Use of technology
>Annexum Investments BV
>Real estate investment
>Delta Lloyd
>Portfolio management fixed income
>PricewaterhouseCoopers
>Tax guidance and services
>SNS Bank
>Ethical investing
>Stroeve
>Norway
>Best private bank
1Nordea
2DnB Privatbank
3Vika Bank
4SEB
5Finansbanken
6Fokus Bank
>Best at privacy and security
CNordea
CVika Bank
>Best at relationship management
CNordea
CVika Bank
>Best at servicing international clientele
CNordea
CSEB
>Best for high net worth
CFinansbanken
CNordea
>Best for super affluent
CFokus Bank
CVika Bank
>Spain
>Best private bank
1Banco Banif
2JPMorgan Private Bank
3UBS
4Credit Suisse Private Banking
5Bankinter
6Banca March
7Popular Banca Privada
8Banco Urquijo
9Sabadell Banca Privada
10BBVA Banca Privada
>Best at privacy and security
1Credit Suisse Private Banking
2=Bankinter
2=UBS
4BBVA Banca Privada
CBanca March
CJPMorgan Private Bank
CMorgan Stanley
CPopular Banca Privada
CSabadell Banca Privada
CInternational Private Banking – Grupo
Santander
>Best at relationship management
1JPMorgan Private Bank
2Banco Banif
3UBS
CAltae
CBanca March
CBanco Urquijo
CBankinter
CCredit Suisse Private Banking
CGoldman Sachs
CMorgan Stanley
CPopular Banca Privada
CSabadell Banca Privada
>Best for servicing international clientele
1UBS
2JPMorgan Private Bank
3Credit Suisse Private Banking
CBanca March
CMerrill Lynch
CPopular Banca Privada
>Best for high net worth
1UBS
2JPMorgan Private Bank
3Banco Banif
CBanca March
CBanco Urquijo
CBankinter
CBBVA Banca Privada
CBNP Paribas
CCredit Suisse Private Banking
CDeutsche Bank, Private Wealth
Management
CGoldman Sachs
CMorgan Stanley
CPopular Banca Privada
CSabadell Banca Privada
>Best for super affluent
1Banco Banif
2Bankinter
3=BBVA Banca Privada
3=Credit Suisse Private Banking
3=Deutsche Bank, Private Wealth
Management
CBanca March
CBanco Urquijo
CBarclays
CPopular Banca Privada
CPrivanza
CSabadell Banca Privada
CInternational Private Banking – Grupo
Santander
CUBS
>Best for ultra high net worth
1=JPMorgan Private Bank
1=UBS
3=Banco Banif
3=Goldman Sachs
5=Credit Suisse Private Banking
5=Morgan Stanley
CBanca March
CBankinter
CPopular Banca Privada
CSabadell Banca Privada
>Best specialist providers
>Banesto
>Structured products
>Bestinver
>Portfolio management equities
>Cuatrecasas
>Legal services
>EIM
>Hedge fund investments
>Fairfield Greenwich
>Hedge fund investments
>Fibanc
>Portfolio management fixed income
>Gomez-Acebo & Pombo
>Philanthropy Services
>Ibersecurities
>Portfolio management equities
>Man Group
>Managed futures
>Mellon
>Ethical investing
>PriceWaterhouseCoopers
>Succession planning
>Nmás+1
>Private equity investment and family office services
>Permal
>Hedge fund investments
>Roca i Junyent
>Tax guidance and services
>Uria & Menendez
>Sweden
>Best private bank
1SEB Enskilda Banken
2Carnegie
3Handelsbanken
4Alfred Berg Private Bank
5Erik Penser FK
6Lancelot Asset Management
7Nordea
>Best at privacy and security
CAlfred Berg Private Bank
CBrummer & Partners
CCarnegie
CErik Penser FK
CLancelot Asset Management
CSEB Enskilda Banken
>Best at relationship management
1Carnegie
CAlfred Berg Private Bank
CErik Penser FK
CLancelot Asset Management
CSEB Enskilda Banken
>Best at servicing international clientele
1SEB Enskilda Banken
CAlfred Berg Private Bank
CErik Penser FK
CHandelsbanken
CNordea
>Best for high net worth
CAlfred Berg Private Bank
CCarnegie
CSEB Enskilda Banken
>Best for super affluent
CAlfred Berg Private Bank
CCarnegie
CSEB Enskilda Banken
>Best for ultra high net worth
CAlfred Berg Private Bank
CCarnegie
CSEB Enskilda Banken
>Best specialist providers
>Avanza
>Use of technology
>Brummer & Partners
>Privacy and security
>Catella Properties
>Real estate investment
>Enskilda Securities
>Portfolio management equities
>Nordnet
>South Africa
>Best private bank
1Investec
2Rand Merchant Bank
3Nedbank
4Standard Bank
>Asia
>Best private bank
1UBS
2Citigroup Private Bank
3HSBC Private Bank
4Credit Suisse Private Banking
5JPMorgan Private Bank
6ABN Amro Private Banking
7Commercial IBT
8DBS Bank
9Fubon Commercial Bank
10ING Private Banking
11BNP Paribas
12Canadian Imperial Bank of Commerce
13SG Private Banking Asia
14Bank Sarasin-Rabo
15United Overseas Bank
16American Express Bank
17Merrill Lynch
18Coutts & Co
19Morgan Stanley
20Pictet & Cie
21Goldman Sachs
22Chinatrust Commercial Bank
23China Development Industrial Bank
24Standard Chartered
25Deutsche Bank, Private Wealth
Management
>Best at privacy and security
1UBS
2Credit Suisse Private Banking
>Best at relationship management
1Citigroup Private Bank
2UBS
3Credit Suisse Private Banking
>Best at servicing international clientele
1UBS
2Citigroup Private Bank
3=Credit Suisse Private Banking
3=HSBC Private Bank
>Best at use of Technology
1Citigroup Private Bank
2HSBC Private Bank
3Credit Suisse Private Banking
4UBS
>Best for high net worth
1UBS
2HSBC Private Bank
3Citigroup Private Bank
4Credit Suisse Private Banking
>Best for super affluent
1Citigroup Private Bank
2HSBC Private Bank
3Standard Chartered
>Best for ultra high net worth
1JPMorgan Private Bank
2UBS
3Goldman Sachs
4Morgan Stanley
>Portfolio management
>Equities
1Goldman Sachs
2UBS
>Portfolio management
>Fixed income
1UBS
2JPMorgan Private Bank
>Best for real estate investment
1HSBC Private Bank
>Best for tax guidance and services
1HSBC Private Bank
>Best for art banking
1=Deutsche Bank, Private Wealth
Management
1=Citigroup Private Bank
>Best for corporate advisory services
1UBS
2Morgan Stanley
>Best for family office services
1JPMorgan Private Bank
>Best for hedge fund investments
1Man Group
2UBS
>Best for inheritance advice
1HSBC Private Bank
>Best for managed futures
1Man Group
>Best for offshore services
1UBS
>Best for precious metals
>investing
1UBS
>Best for private equity investment
>investment
1Morgan Stanley
>Best for of services to clients with Inherited family businesses
1UBS
2HSBC Private Bank
>Best for services to clients with with Inherited wealth
1HSBC Private Bank
2UBS
3Credit Suisse Private Banking
>Best for services to wealthy bankers
1UBS
2Citigroup Private Bank
>Best for services to wealthy corporate career individuals
1Citigroup Private Bank
2UBS
>Best for services to wealthy entrepreneurs
1=Citigroup Private Bank
1=UBS
>Structured products
1UBS
2BNP Paribas
3Morgan Stanley
>Succession planning
1HSBC Private Bank
2UBS
>trust services
1HSBC Private Bank
2UBS
>Hong Kong
>Best private bank
1HSBC Private Bank
2UBS
3Citigroup Private Bank
4JPMorgan Private Bank
5Credit Suisse Private Banking
7DBS Bank
8ABN Amro Private Banking
9Morgan Stanley
10BNP Paribas
>Best at privacy and security
1Credit Suisse Private Banking
2UBS
CABN Amro Private Banking
CDBS Bank
CDeutsche Bank, Private Wealth
Management
>Best at relationship management
1UBS
CABN Amro Private Banking
CBank Sarasin-Rabo
CCredit Suisse Private Banking
CHSBC Private Bank
CCitigroup Private Bank
>Best at servicing international clientele
1UBS
2Credit Suisse Private Banking
CABN Amro Private Banking
CBank Sarasin-Rabo
CDBS Bank
CHSBC Private Bank
CJPMorgan Private Bank
CCitigroup Private Bank
>Best for high net worth
1HSBC Private Bank
2=Citigroup Private Bank
2=UBS
CABN Amro Private Banking
CDBS Bank
>Best for super affluent
1HSBC Private Bank
2Citigroup Private Bank
CABN Amro Private Banking
CBank Sarasin-Rabo
CDBS Bank
CStandard Chartered
CUBS
>Best for ultra high net worth
1UBS
2JPMorgan Private Bank
CABN Amro Private Banking
CDBS Bank
CGoldman Sachs
CHSBC Private Bank
CMorgan Stanley
>Best specialist providers
>Man Group
>Managed futures & Hedge Funds
>PIMCO
>Portfolio management fixed income
>SHK Securities
>Singapore
>Best private bank
1UBS
2Credit Suisse Private Banking
3Citigroup Private Bank
4HSBC Private Bank
5JPMorgan Private Bank
6ING Private Banking
7BNP Paribas
8ABN Amro Private Banking
9Canadian Imperial Bank
of Commerce
10Bank Sarasin-Rabo
>Best at privacy and security
1UBS
2Credit Suisse Private Banking
3=ING Private Banking
3=Pictet & Cie
>Best at relationship management
1Citigroup Private Bank
2UBS
3Credit Suisse Private Banking
4ING Private Banking
CJPMorgan Private Bank
>Best at servicing international clientele
1UBS
2Credit Suisse Private Banking
3=Bank Sarasin-Rabo
3=ING Private Banking
CHSBC Private Bank
>Best for high net worth
1UBS
2Credit Suisse Private Banking
3HSBC Private Bank
CABN Amro Private Banking
CING Private Banking
>Best for super affluent
1Citigroup Private Bank
2UBS
3HSBC Private Bank
CABN Amro Private Banking
CAmerican Express Bank
CBank Sarasin-Rabo
CCredit Suisse Private Banking
CING Private Banking
CStandard Chartered
>Best for ultra high net worth
1UBS
2JPMorgan Private Bank
3Credit Suisse Private Banking
4Morgan Stanley
CABN Amro Private Banking
CGoldman Sachs
CING Private Banking
>Best specialist providers
>Affinity Equity Partners
>Private equity investment
>Baker & McKenzie
>Tax guidance and services
>Close Trustees (Geneva)
>Trust services
>Efficient Capital Corporation
>Managed futures
>Lawrence Graham
>Succession planning
>Man Group
>Managed futures & hedge funds
>TrustNet
>Taiwan
>Best private bank
1UBS
2Citigroup Private Bank
3Fubon Commercial Bank
4HSBC Private Bank
5JPMorgan Private Bank
6Taishin International Bank
7Chinatrust Commercial Bank
8China Development Industrial Bank
9ABN Amro Private Banking
10SinoPac
>Best at privacy and security
CHSBC Private Bank
CSinoPac
CUBS
>Best at relationship management
1Fubon Commercial Bank
CTaishin International bank
CCitigroup Private Bank
CUBS
>Best at servicing international
>clientele
CHSBC Private Bank
CCitigroup Private Bank
CUBS
>Best private bank high net worth
CFubon Commercial Bank
CUBS
>Best for super affluent
CFubon Commercial Bank
CCitigroup Private Bank
>Best for high net worth
CNational Commercial Bank
>Best specialist providers
>Capital Investment trust
>Middle East
>Saudi Arabia
>Best private bank
1The National Commercial Bank
2Riyad Bank
>UAE
>Best private bank
1UBS
2Credit Suisse Private Banking
3HSBC Private Bank
4National Bank of Dubai
5Citigroup Private Bank
6ABN Amro Private Banking
7JPMorgan Private Bank
8Morgan Stanley
9Goldman Sachs
10Mashreqbank
>Best at privacy and security
1UBS
CABN Amro Private Banking
CCredit Suisse Private Banking
CJPMorgan Private Bank
CMashreqbank
CNational Bank of Dubai
CCitigroup Private Bank
>Best at relationship management
CABN Amro Private Banking
CHSBC Private Bank
CMashreqbank
CMorgan Stanley
CNational Bank of Abu Dhabi
CNational Bank of Dubai
CNational Bank of Kuwait
CUBS
>Best at servicing international clientele
1UBS
CABN Amro Private Banking
CHSBC Private Bank
CMashreqbank
CMorgan Stanley
CNational Bank of Dubai
>Best for high net worth
CABN Amro Private Banking
CCredit Suisse Private Banking
CHSBC Private Bank
CNational Bank of Dubai
CUBS
>Best for super affluent
1ABN Amro Private Banking
CHSBC Private Bank
CMashreqbank
CMerrill Lynch
CNational Bank of Dubai
CStandard Chartered
CCitigroup Private Bank
>Best for ultra high net worth
1=Goldman Sachs
1=UBS
CABN Amro Private Banking
CJPMorgan Private Bank
CMashreqbank
CNational Bank of Dubai
>Best specialist providers
>AXA
>Real estate investment
>The Carlyle Group
>Private equity investment
>Cushman & Wakefield Healey & Baker
>Real estate investment
>Frank Russell
>Hedge fund investments
>Man Investment Products
>Managed futures
>Schroders
>Private equity investment
>Wellington Management
>THE AMERICAS
>United States
>Best private bank
1JPMorgan Private Bank
2Citigroup Private Bank
3UBS
4HSBC Private Bank
5Merrill Lynch
6Goldman Sachs
7Morgan Stanley
8Brown Brothers Harriman
9Bessemer Trust
10Julius Baer
>Best at privacy and security
CBrown Brothers Harriman
CDeutsche Bank, Private Wealth
Management
CHSBC Private Bank
CJulius Baer
CUBS
>Best at relationship management
1JPMorgan Private Bank
2UBS
3=Goldman Sachs
3=Citigroup Private Bank
>Best at servicing international
1=JPMorgan Private Bank
1=UBS
3Citigroup Private Bank
4HSBC Private Bank
CGoldman Sachs
>Best for high net worth
1JPMorgan Private Bank
2Citigroup Private Bank
3UBS
>Best for super affluent
CJPMorgan Private Bank
CNorthern Trust Private Bank
CCitigroup Private Bank
CUBS
>Best for ultra high net worth
1JPMorgan Private Bank
2UBS
3=Morgan Stanley
3=Citigroup Private Bank
>Best specialist providers
>Citco
>Trust services
>Man Group
>Hedge fund investments
>PIMCO
>Portfolio management fixed income
>The Blackstone Group
>Private equity investment
>Trident Corporate Services
>Bahamas
>Best private bank
1UBS
2SG Hambros
3Pictet
4JPMorgan Private Bank
5Banco Santander
6Credit Suisse Private Banking
>Best specialist providers
>Graham Thompson
>Inheritance advice
>Higgs & Johnson
>Brazil
>Best private bank
1Citigroup Private Bank
2UBS
3JPMorgan Private Bank
4BNP Paribas
5Banco Itaú
6Bank Boston
7Banco Bradesco
8=Banco Patria
8=Banco Sudameris
>Best specialist providers
>Goulart Penteado
>Inheritance advice
>Hedging Griffo
>Hedge fund investments
>Pinheiro Neto Advogados
>Canada
>Best private bank
1BMO Harris
2UBS
3Citigroup Private Bank
4Royal Bank of Canada
5HSBC Private Bank
7CIBC
8TD Canada Trust
>Best specialist providers
>Goodman & Carr
>Inheritance advice
>Jarislowski Fraser
>Portfolio management equities
>Philips, Hager & North
>Portfolio management fixed income
>PriceWaterhouseCoopers
>Succession planning
>Sotheby’s
>Luxury collectables investment (non-art)
>TE Financial
>




This survey is designed to provide a combined qualitative and quantitative review of the best services in private banking, organized by region and by areas of service. It also aims to be an informative guide for high-net-worth individuals on the range of service providers that are available. Our 38 categories are designed to reflect the strengths of both local niche companies and global firms.

Through the structure of the survey questionnaire and the way in which scores were calculated, the top firms are those that provide the most services and the highest level with the greatest degree of success.

Conducting the survey posed some challenges. Most important, as private banking is a secretive business, it is difficult to analyze. Nonetheless, the results we have produced are as clear as the information we received.

For this survey, private banking is defined as banking services that are provided to wealthy clients. In order to make fair comparisons of quality services in different disciplines we have ranked service providers alongside each other regardless of whether they would describe themselves as law firms, banks or consultancies. That is because in each category, irrespective of a firm's self-definition, it is competing with the other firms listed for the same clients.

Another challenge was to find the most appropriate judges of the quality of these private-banking services. The most obvious respondents would be customers, but given their desire for secrecy and given how unlikely it is that they would regularly use more than one private bank, this was problematical. A further possibility would be to gather the views of the third-party advisers that informally recommend clients to private banks. These include law firms, consultancies, specialist advisers and family offices. However, in many ways these companies often have relationships with each other, and active biases. For the purposes of this survey, therefore, we have asked the private banks themselves to identify the companies that they admire as the top providers of both competitive and non-competitive services. It is therefore partly a peers' poll.

The results fall into different areas. First, we have produced an industry overview. This identifies important client segments, and explains which other service providers are used by the private banks themselves. These include hedge funds and private-equity fund managers. We also explore the ratios of clients to client relationship managers, and we have created a unique measure of industry capacity. Secondly, we have produced global, regional and country tables in all the categories.

This is the first year that we have produced a survey of this kind. We believe that we have found a fair and informative methodology, but we are always keen to receive feedback. If you have any comments or suggestions, please contact Kapila Monet at kmonet@euromoneyplc.com or +44 (0)20 7779 8593.

How the rankings are formed

We contacted over 1,000 private banks and asked them to participate in the survey. Those that agreed to participate then received a questionnaire. All answers were relevant for the year from June 1 2002 to June 1 2003, and all figures are quoted in US dollars. All responses were approved by a senior manager at the responding firm. Over 70% of the firms that received surveys provided some form of peer nomination. None of the specific answers will be published and respondents have been kept confidential. The charts that follow draw on data from the entire sample.

The country and regional awards are based on scores formed from a weighted combination of survey responses (30%) and peer nominations (70%). The rankings for the best global private bank and the sub-categories are based on scores from peer nominations only.

Survey responses

Here, respondents described themselves, outlining objective details about their business such as age, assets under management, number of branches and services offered. From this, a score was awarded to each respondent firm up to a maximum of 100. That score reflects the size and scope of each firm relative to the average of other peer respondents.

Peer nominations

This element of the scores introduces a qualitative aspect to the assessment of each firm that is listed in the results.

Respondents were asked to nominate one or two peers in a range of sub-categories such as art banking, services for super-affluent clients, philanthropy and so on that they consider to offer a high-quality service. For the sub-categories, each nominated firm was awarded a score that reflected how many nominations it received relative to the other firms that are listed. For the country and regional totals, an aggregate score from all the sub-categories was calculated by benchmarking the top performer at 75 and extrapolating lower scores relative to that.

Banks or clients wanting to view more detailed results and analysis can do so by contacting Mark Lilley, head of data publishing, Euromoney: Tel: +34 915946046; email: mark.lilley@euromoneyplc.com