Analysts tracking the trajectory of Asian wealth and trends around gross domestic product are free to peruse government data, surveys and all available reports. Yet some of the most telling clues as to what is going on in this fast-growing region can be found inside the balance sheet of DBS Private Bank.

BNP Paribas Wealth Management is named the best private bank in the Middle East in this year’s private banking awards.

Size, scale, depth of client penetration – together with offering the full range of wealth management advice, products and services across multiple core markets – are key elements in recognising the leading private bank in any region.

The consistent growth in both the scale and the quality of Santander’s private banking business in Latin America this year has impressed the judging panel.

Amid strong competition between Europe’s leading private banks, the judges agree that BNP Paribas deserves to be recognised this year as the region’s best private bank, an award supported by two other honours: best for digital and discretionary portfolio management.

Morgan Stanley’s focus and investment in wealth and asset management over the past few years has created an enhanced, powerful and distinctive offering, illustrated by revenues in wealth management hitting a record high of $24 billion in 2022.

JPMorgan Private Bank wins this year’s top award, as well as being named the world’s best private bank for ultra-high-net-worth individuals 2023, and the world’s best private bank for investment research 2023.