Through exclusive conversations with senior private banking leaders in the Middle East, Euromoney explores five forces reshaping the region’s wealth management landscape.

By bringing together competitors, regulators and environmental experts, Bank of Singapore has pioneered a transformative approach to sustainable private banking. From conceptualising industry-wide frameworks to implementing them through robust data systems and governance, the bank’s collaborative model offers a blueprint for Asia's wealth management sector.

Through exclusive research interviews with senior private banking leaders, Euromoney undercovers four tectonic shifts reshaping the region’s wealth management arena. As Asia’s ultra-high-net-worth population growth is set to outpace global averages – fuelled by entrepreneurial wealth creation, intergenerational transfers and cross-border industrial migration — private banks are racing to meet the escalating demands for institutional-grade solutions.

The Euromoney Private Banking Awards 2025 celebrated the industry’s finest, recognising the institutions and individuals that outperformed last year.

Özge Doğan, founder and CEO of Karman Beyond – Turkey’s first independent MFO – tells Euromoney why she eschewed a legal career to create a firm with international ambitions that helps families navigate financial complexity and build diversified wealth portfolios. 

Owning a sports team was once a guaranteed way either to lose money or to make a little by spending a lot. Today, the world’s wealthiest people are snapping up elite franchises, backed by an army of wealth managers, data experts and investment bankers. Ivo Voynov, global head of sports finance at Citi Private Bank, explains what turbocharged sports finance, and why it is such an important and profitable business for global private banks.

In 2010, Soumya Rajan was a senior private banker at Standard Chartered in Mumbai. Then she quit to set up Waterfield Advisors, a multi-family office and wealth advisory firm which now helps Indian families manage US$4.3 billion in assets. She tells Euromoney why wealth management in India is so exciting, which factors are driving new money creation – and why so many private banks are so bad at serving women.

As HSBC retrenches from domestic business on the continent, BNP Paribas steps up its ambition in Europe’s biggest economy – focusing largely on the family-owned Mittelstand.

Not long ago, Miami was known as a place middle-class Americans went to retire. Today, it is a burgeoning financial hub full of high net-worth families, private equity firms and hedge funds – and it is busy pulling in capital and private wealth at a record rate.

Few banks have navigated turbulent times so well, posting record revenues on the back of strong net inflows and rising markets.

JPMorgan Private Bank clients enjoy the best of both worlds: an intimate relationship with a US lender that is allied to the power of a genuinely global financial leader. It is led by Mary Callahan Erdoes.

In the US, JPMorgan has 55 dedicated private banking offices, from Austin to Seattle, and Cincinnati to Fort Lauderdale. Elsewhere, it focuses heavily on serving high and ultra-high net-worth customers in Europe, where it has eight offices, including the UK and Germany, Asia, through Hong Kong and Singapore, and Latin America, with clients served out of Miami, New York and Switzerland.

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.

The global wealth expert has expanded its vision, horizon and profits this year

The great financial innovator shone again in global wealth management.