Asiamoney is pleased to announce the winners of its fifth annual and largest ever Private Banking Poll. The questionnaire was distributed to high-net-worth individuals who have funds under management with private banks in Asia-Pacific. The poll results were based on 1,440 valid votes this year.
The responses are broken down according to the size of clients’ assets under management (AUM) with private banks in Asia-Pacific. In the overall category for global private banks, the Swiss bank shook off its global woes to be voted top across all categories, according to respondents with differing amounts under management.
|
AUM with private banks |
Winning bank |
|
US$1-5 million |
UBS Wealth Management |
|
US$5.01-25 million |
UBS Wealth Management |
|
>US$25 million |
UBS Wealth Management |
Further results are broken down into countries where the main private banks of respondents are located. For Hong Kong and Taiwan, UBS Wealth Management dominated the respective AUM categories, while Deutsche Bank Private Wealth Management similarly won each category in India and Singapore. South Korea is the only country to boast a domestic private bank – Samsung – as the overall winner and it too sweeps the board.
|
Winning banks, by country |
|
(AUM with private banks) |
US$1-5 million
|
US$5.01-25 million |
>US$25 million |
|
China |
BNP Paribas Private Bank |
Deutsche Bank Private Wealth Management |
N/A |
|
Hong Kong |
UBS Wealth Management |
UBS Wealth Management |
UBS Wealth Management |
|
India |
Deutsche Bank Private Wealth Management |
Deutsche Bank Private Wealth Management |
Deutsche Bank Private Wealth Management |
|
Korea |
Samsung Securities Private Bank |
Samsung Securities Private Bank |
Samsung Securities Private Bank |
|
Malaysia |
Maybank Private Banking |
Citi Private Bank |
N/A |
|
Singapore |
Deutsche Bank Private Wealth Management |
Deutsche Bank Private Wealth Management |
Deutsche Bank Private Wealth Management |
|
Taiwan |
UBS Wealth Management |
UBS Wealth Management |
N/A |
|
Other countries in Asia |
Deutsche Bank Private Wealth Management |
HSBC Private Bank |
Deutsche Bank Private Wealth Management |
An article on this year’s Private Banking Poll featuring interviews with the winners will be published in the June edition of Asiamoney magazine, while full results and rankings will be featured in the June issue of Wealth Management, an Asiamoney publication. Extended rankings will also be available online at www.asiamoney.com.
To obtain a copy of the results, Asiamoney’s June edition or the Wealth Management magazine, please contact Henry Wong, subscriptions manager, on (852) 2842 6998 or henry.wong@asiamoney.com. For further information regarding the poll, please contact Bernice Lam, Asiamoney polls editor, on (852) 2912 8077 or bernice.lam@asiamoney.com.