LGT Private Banking’s flagship offering is the Princely Strategy, which allocates 56% of its investments strategically into alternatives, reflecting a robust commitment to this asset class.

Indosuez Wealth Management, Western Europe’s best for ultra-high-net-worth (UHNW) clients, has made impressive strides in developing its franchise in this crucial segment of the wealth management market.

BPI Private has demonstrated strong momentum, registering a 9% increase in assets under management to €9.5 billion ($10.3 billion). To support this growing portfolio, the bank’s headcount rose 13%, from 110 to 124 professionals, with an ambition to reach 140 by the end of the first quarter of 2025. This strategic recruitment drive has fortified both frontline and support functions, reflecting the firm’s commitment to delivering a comprehensive client experience.

JPMorgan Private Bank continues to lead the industry in digital innovation, providing its private banking clients with seamless, personalised and secure financial services. Through its pioneering technology, the firm is redefining wealth management by offering clients access to powerful digital tools, ensuring they stay ahead in an ever-evolving financial landscape.

A family-centred and collaborative approach to wealth planning for financial institutions lies at the heart of Abbove, Western Europe’s best technology provider for wealth management. At its most basic, the platform helps advisers offer wealth-planning services, but the aim is to place those advisers at the heart of the client’s choices and wealth strategy.

Healthy growth within the funds business at BNP Paribas Wealth Management, Western Europe’s best for fund selection, suggests a high level of client trust in an offering that aims at increasing quality but also growing innovation and flexibility.

Bank of Cyprus offers outstanding private banking services, from digital tools to discretionary asset management, and more.

A dedicated team of next generation-focused private bankers, largely revolving around its home base in Switzerland, is at the heart of UBS’s status as Western Europe’s best for next-gen wealth services. The team draws on backgrounds across wealth management, governance and advisory services, with a combined 20 year-plus experience of working with next-gen clients.

Quintet Private Bank delivered a strong financial performance in 2023, showing resilience amid market volatility and inflationary pressures, while strategically expanding its investment offerings and geographic presence.

As the largest asset manager in Finland, with services available in more than100 domestic locations and a 31% market share in private banking, OP Financial Group has a strong presence in the Finnish market.

Carnegie Private Banking’s discretionary portfolio management (DPM) segment has demonstrated robust growth and strategic agility, exemplified by a 49% surge in assets under management in discretionary mandates during the awards period.

With an expansive analyst network delivering comprehensive Nordic equity coverage and enhanced digital client services, Carnegie Private Banking continued to set benchmarks in regional research excellence.

DNB Private Banking is a trusted partner for Norway’s wealthiest families, delivering comprehensive, coordinated expertise through an integrated, region-wide approach. It also serves around 60% of Norway’s 400 wealthiest individuals and families.

DNB Private Banking stands apart from rivals in the Nordics and Baltics ultra-high-net-worth (UHNW) segment, using its expertise and collaborative qualities to drive growth.

With an extensive range of products tailored to ultra-high-net-worth (UHNW) individuals, family offices and next-gen clients, DNB Private Banking has a strong and growing presence in the Norwegian market.

Coeli Wealth Management has carved out a distinct niche in alternative investments by granting wealthy clients access to private market opportunities traditionally reserved for institutional players.

JPMorgan Private Bank has cemented its role as a catalyst for social and economic innovation in the Nordic region via strategic philanthropic partnerships, with a focus on fostering creativity, entrepreneurship and youth engagement. 

The Carnegie blueprint

Offering personalised wealth management solutions and exclusive events, Carnegie Private Banking achieved significant revenue and profit growth during the review period.

Carnegie Private Banking embeds sustainability at the core of its business philosophy, viewing it not as a separate initiative but as essential to both investment performance and economic development.

Nykredit Private Banking stands out for its dedication to meeting diverse customer needs and achieving its sustainability objectives.

Erste Private Bank’s chief investment office (CIO) has delivered robust performance to private banking clients in Central and Eastern Europe, anchored by proactive positioning amid shifting macroeconomic conditions.

Banka Kombetare Tregtare has achieved outstanding financial growth, backed by impressive sustainability initiatives and a new card offering.

Breaking new ground in 2019, mBank introduced Poland's first ESG investment strategy for retail clients, establishing an early leadership position that continues to flourish today.

UniCredit has achieved impressive growth in the high-net-worth (HNW) segment, outpacing domestic competitors in key markets while leveraging its expertise, market adaptability and exclusive financial services to deliver strategic wealth management.

Leveraging innovative digital services to connect with its clients, mBank achieved a significant increase in assets under management during the review period, with new inflows exceeding PLN1 billion ($258 million).

In a year marked by growth in client assets, expanded investment offerings and enhancements to digital banking services, Raiffeisen Private Banking stood out from its competitors in the Czech high net-worth space.

Ensuring stability and barrier-free access to remote banking services in Ukraine, Oschadbank has achieved strong financial performance and significant growth in its high net-worth (HNW) segment.

Tatra banka’s win as the Slovak Republic’s best private bank was grounded in its extensive suite of banking services, excelling most notably in the areas of digitisation and sustainability.

Banca Comerciala Romana showed impressive growth over the review period, driven by its strong product offering.