The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.

All material subject to strictly enforced copyright laws. © 2022 Euromoney, a part of the Euromoney Institutional Investor PLC.

Western Europe's best bank for wealth management 2020: UBS

Awards for Excellence 2020

After much restructuring in 2019 that saw the de-layering of management, regionalization of Europe, Middle East and Africa (EMEA), and streamlining of client segments, it wasn’t clear what the beginning of 2020 might look like for UBS in Western Europe. 

But high volumes of net new assets in the first quarter, double-digit growth in profit before tax and adviser productivity across EMEA show that the closer proximity to clients was paying off. 

“We’re slimmer and decisions can be made faster,” says Christl Novakovic, chief executive of UBS Europe SE and head of wealth management Europe at UBS. This year UBS wins the award for best bank for wealth management in Western Europe.

The bank’s response to the Covid-19 pandemic shows why it is such a trusted adviser. During the most difficult period UBS de-risked portfolios and used its investment bank to ensure that essential transactions – such as the sale of a family business – stayed on course. 

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.


Unlimited access to and

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually


Unlimited access to and, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors


Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree