23rd PBI Global Wealth Summit & Awards

Fullerton Hotel, Singapore   11-Oct-2013
Premier Partner

Event Partner

Showcase Partner & Exhibitor

Event Partner

Media Partner

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Official Newswire

Platinum Partner

Badge and Lanyard Partner

Table Host

Media Partner

Media Partner

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The Private Banker International Wealth Summit and Awards is the defining private banking industry annual cross-roads convention, charting key industry trends and providing wide insights over the future direction of the wealth industry.


About

Now in its 23rd year, the Private Banker International Wealth Summit is the longest-running global private clients conference, and is attended by senior executives from financial institutions, asset managers, private banks, family offices and other industry participants from around the world.

The combined Summit and Awards dinner provides the opportunity for you to network with other like-minded professionals,meet potential new business partners and hone your own institution’s strategy and competitive positioning.

About Us
About Private Banker international
PBI is the leading journal for the global wealth industry. Launched in 1987, it is the longest established international wealth industry title and has won a reputation as a cutting-edge working tool for private bankers, relationship managers and other industry professionals.

About Timetric
The Private Banker International Global Wealth Awards are organised by Timetric – an independent provider of online data, analysis and advisory services on key growth economies and sectors. We provide integrated information services covering risk assessments, forecasts, industry analysis & market intelligence.

A unique global brand, Timetric is renowned for innovative, independent thinking in financial services and professional services markets. We offer over 25 years’ experience in the provision of authoritative, valued-added information, research and analysis, news services, research reports, conferences and other events.

About the PBI Wealth Awards
These tributes to the best-of-breed players aim, above all, to be fair and objective benchmarks for the global private banking and wealth management business. The awards have been created to identify industry leaders and those individuals and organisations that are setting new standards. Crucially, they will identify the best practice institutions – those that have done the most in the past year to advance and strengthen wealth management as an industry.
The judging criteria include the ability of institutions to demonstrate a clear and unique strategy to grow their business, regionally or globally; banks that have made the most investment in people and systems to develop their business; banks showing the most innovation in products/services; banks with demonstrably superior client services; and institutions that have strengthened and extended the global reach of their brands.

From the nominations, three institutions or individuals will be short-listed for each award. The final selection will be made by PBI’s judging panel, comprising independent specialists in wealth management and our editorial staff.


Attend

Why you should attend

Last year’s Private Banker International Wealth Summit provided delegates with a global overview of what to expect in the coming years within the marketplace, from the challenge of increasing regulation, particularly on offshore private banking through to the escalating costs of maintain a presence worldwide.

The underlying theme was: The winning Private Banking Models in an Ever Tougher Wealth Market

The days of easy client recruitment and quick profits for private banking are over, even  in booming Asia-Pacific, Summit delegates herded.
 
Portrayed as the future for the wealth advisory industry, Asia is in fact is proving a gruelling marathon for many banks, rather than a quick sprint to success.  Many players can’t make real profits in Asia, once the cost of building client networks and the expensive hiring of advisory talent is taken into account.

So business models and client strategies are being ruthlessly changed to meet the challenges of tomorrow’s wealth markets worldwide.  And that includes a key question — which will be the leading Asian private banking models of tomorrow?

That’s crucial to the health or even survival of many private banking firms. For Asia-Pacific now accounts for more high net worth individuals than either North America or Europe.

Delegates from all over the world heard a list of distinguished speakers deal with these pressing issues and wide range of threats and opportunities which are increasingly impacting the private banking industry.

Summit chairman John Evans, International Editor of Private Banker International told the convention: “Many banks are betting the shop on success in Asia, particularly as wealth contracts in Europe amid the eurozone crisis. But too many strategies just rely on bringing their European or US wealth models to Asia, without taking into account differences in Asia from the rest of the world.”

He added, “Western wealth often looks for safety and preservation while that is Asia is frequently about wealth creation, including accepting a higher risk profile.  So offering traditional products like discretionary asset management often doesn’t work in Asia.”

In addition, the success of centres like Singapore in attracting high net worth money could also bring its own problems. Money fleeing Switzerland for Asia, in order to secure a home in jurisdictions which still preserve strict banking secrecy, could prove a “ticking time bomb” as global regulators extend their campaigns against international tax evasion.

A senior front-row of top industry personalities were assembled to lead the Summit debate and discussion, including Rory Tapner, CEO of Coutts & Co, the British-based firm traditionally famed for being private bankers to HM Queen Elizabeth II.

Other speakers include Rajesh Malkani, Head of Private Bank East for Standard Chartered Private Bank, James Aitken, Managing Director for Private Wealth Solutions at HSBC Private Bank, Anurag Mahesh, Head of Global Investment Solutions APAC, Deutsche Bank and Michael Lagopoulos, deputy chairman of RBC Wealth Management.

The PBI Summit was also designed as a learning experience for the new breed of domestic banks across Asia and which represents growing competition for the Western institutions which have hitherto dominated wealth management.

The prestigious PBI Global Wealth Awards which recognise the best and brightest in the wealth industry were held in the evening, at a glittering gala dinner.


Sponsors


Premier Partner

23rd Private Banker International Wealth Summit & Awards

BNP Paribas Wealth Management is a leading global private bank, present in some 30 countries. Over 6,000 professionals, based in every major financial centre, provide a private investor clientele with solutions for optimising and managing their assets. The bank has approximately US$325 billion of assets under management.

With the bank’s strong Asian heritage since setting its foot in the region over 150 years ago, BNP Paribas Wealth Management has been a leading private bank in Asia for decades, with strong onshore presence in Hong Kong, Singapore, India, China and Taiwan. Currently BNP Paribas Wealth Management employs 1,000 staff in the region.

BNP Paribas Wealth Management services its clients by empowering clients with a combination of global expertise and local knowledge, meeting clients’ needs with a broad range of wealth management and banking solutions, as well as putting the long-term relationship at the very heart of its commitment to clients.

BNP Paribas Wealth Management helps secure our clients’ future by providing innovative and personalised management of their assets. The private bank’s expertise comes from an international team of 800 specialists dedicated to the creation, selection and monitoring of products and services to manage your assets, which include: Wealth Planning Solutions, Investment Solutions and Financing Solutions.


https://wealthmanagement.bnpparibas.com/public/en/home

Event Partner

Audi

Audi, Vorsprung durch Technik
Audi is a leader for high-quality and technologically progressive cars which are among the most sought after in the world. The brand stands for innovative design and dynamic sportiness.
True to the “Vorsprung durch Technik” motto that Audi strives for, Audi’s progressive spirit is ever constant in its products, always creating to stay ahead of the game. Setting standards to live by, Audi looks to achieve next chapters of success with sharper, bolder and better products, evident in the Audi A3, S3, RS 4 and RS 6; right up to the A8 flagship sedan.
Audi in Singapore
Incorporated in 2007 as the National Sales Company, Audi Singapore has been the driver for building up the brand in the country.
From the beginning, the company has created many talk-of-the-town launch events to raise the profile of the brand and its range of premium automobiles. Supporting the increased sales volume, Audi Singapore worked closely with its exclusive retail partner, Premium Automobiles Pte Ltd, to invest in a variety of activities to grow further. This includes the flagship Audi Centre Singapore, which is the tallest Audi architecture of its kind in the world, as well as intensively investing in the training of all staff and customer relationship management activities. Audi Singapore is committed towards the global vision of being the Number One premium brand.
Audi Singapore Pte Ltd
1 Kim Seng Promenade
#17-10 Great World City West Tower
Singapore 237994
Tel: 6501 9600
Fax: 6834 1561
Website: www.audi.com.sg


http://www.audi.com.sg

Showcase Partner & Exhibitor

New Access

WMRC Private Ltd. (www.wmrc.com.sg and www.wmrc.com.hk) is a leading executive search firm synonymous with excellence in professional talent resourcing in the financial industry. Since our inception in 2006, we have identified and successfully placed highly sought-after professionals in mid to senior level roles, directly making a distinct difference to our client organizations and the careers of ambitious professionals.

We pride ourselves as a Specialist Recruiter for the Private Banking sector and in a short span of 4 years, we have established business dealings with almost every private bank and conducted numerous placements with many of these banks.

Our success in the Private Banking sector spurred us to expand our service to the institutional sectors of Wealth Management, covering Asset Management, Corporate & Investment Banking, as well as Insurance sectors.  Operating from two strategic locations in Singapore and Hong Kong, we aim to be our client’s Number 1 Preferred Supplier in sourcing for top talents in Asia and to be the Top Firm of Choice amongst professionals seeking career advice and opportunities.

Our unique business model allows anyone with a passion in executive search to develop his/ her skills in this trade and to build a robust business with minimal bureaucracy and office politics. 

Our core values are Integrity, Passion to Succeed and Empathy.  We believe in helping others and rendering top-quality service to both our clients and candidates. 

Find out how well we listen and make a difference to you and your organization by starting a conversation with us today!


http://www.wmrc.com.sg

Event Partner

WMRC Private Ltd.

Banking Business Review (BBR) is the market leading website focusing on business issues that unite the global banking industry.
It delivers the most up-to-date industry news and in-depth market information for the banking sector. As a result, BBR attracts a high quality and loyal user base of the most influential decision makers and banking industry business leaders.

BBR caters for your advertising needs – we ensure your company, products and services are promoted to your target group through the most effective channels.


http://www.banking-business-review.com/about-us

Media Partner

Banking & Business Review

BanksDaily.com contains one of the largest international database of banks and banking groups. Each company profile includes a business description, head office address, telephone, fax, website, SWIFT/BIC code, financial highlights, as well as social media links. The web portal also provides press releases, banking news, and bank ratings for consumers of financial services.


http://www.banksdaily.com/

Media Partner

BanksDaily.com

Society of Family Offices (SFO) is established as a platform to provide proprietary access to critical knowledge about managing wealth, sustaining family legacy and operating family offices – through continuing education and training, networking, experience sharing and advisory engagement among members. Such knowledge may not be readily available elsewhere.

SFO houses a rich resource of information and best practices associated with the business of managing family wealth in Asia. The strength of SFO network is derived from the collective knowledge and experience of our advisory and corporate members. SFO aims to made solutions accessible to financial families by fostering dialogue among wealth owners, family office executives and wealth advisors in Asia. SFO remains true to its founding mission of objectivity in family office wealth management, member education and shared knowledge.


http://www.sfoasia.org

Media Partner

Society of Family Offices

ACN Newswire supports Asian companies and organizations with press release distribution to stakeholders in Asia and worldwide — institutional investors and analysts, individual stakeholders, financial & trade media and the Internet. Today, ACN Newswire is the globally recognized press release distributor from the region, in simplified & traditional Chinese, Korean and Japanese as well as English.

ACN distributes press releases in XML format for direct, real-time delivery to financial terminals, syndication partners, news databases and services, and websites around the world. In all, ACN Newswire delivers press releases to more than 3,500 websites, 8,000 media organizations & publications and 1.5 million professional desktops in 70 countries.


http://www.acnnewswire.com/

Official Newswire

ACN Newswire

Offered by State Street Global Advisors (“SSgA”), SPDR ETFs are a family of exchange traded funds that provide investors with the flexibility to select investments that are precisely aligned to their investment strategy. Recognized as the industry pioneer, State Street Global Advisors created the first ETF in 1993 – SPDR S&P 500® which is currently the world’s largest ETF.1 SSgA introduced the first ETF in Asia Pacific in 1999, as well as Singapore’s first ETF, the SPDR Straits Times Index ETF in 2002. Currently, State Street Global Advisors manages approximately US$304 billion of ETF assets worldwide.

For comprehensive information on our ETFs, visit us at <http://www.spdrs.com.sg./> State Street Global Advisors


http://www.spdrs.com.sg/

Platinum Partner

SPDR (State Street Global Advisors)

The vision and Mission of the Media G8Way sites is to become the World’s ‘LEADING NEWS AGGREGATION SERVICE’ for the financial services industry by providing our members with useful, accurate, relevant, timely news, strategic analysis and business critical information on all issues taking place within the World’s financial services sector which will have a positive effect on their performance which will, in turn, improve the bottom line results of the companies where they work.

The editorial objective of company websites is to provide fast and efficient access to the most important information on the broad range of finance related information that our editors feel senior management of the world’s leading financial institutions need to know.

For more information, please visit http://www.apbankers.net/


http://www.apbankers.net/

Badge and Lanyard Partner

Avaloq

The vision and Mission of the Media G8Way sites is to become the World’s ‘LEADING NEWS AGGREGATION SERVICE’ for the financial services industry by providing our members with useful, accurate, relevant, timely news, strategic analysis and business critical information on all issues taking place within the World’s financial services sector which will have a positive effect on their performance which will, in turn, improve the bottom line results of the companies where they work.

The editorial objective of company websites is to provide fast and efficient access to the most important information on the broad range of finance related information that our editors feel senior management of the world’s leading financial institutions need to know.

For more information, please visit http://www.managersofwealth.com/


http://www.managersofwealth.com/

Table Host

Standard Charted Private Bank

Avaloq: Essential for Banking

The Avaloq group is the international reference for integrated and comprehensive banking solutions for retail, wealth management and universal banks. Avaloq’s products are in use in the most demanding financial centres. More than 1,300 highly-qualified banking and IT specialists develop and operate banking technologies that are fully-integrated from front and middle to back office. With a 100% success rate in the implementation of its solutions, Avaloq, in the 25 years of its existence, has won the trust of a first class community of the world’s leading financial institutions, partners and universities in over 20 countries. Avaloq has a customer base of over 100 banks which put their faith into the company’s solutions. The firm, with its headquarters in Switzerland, has branches in Berlin, Frankfurt, Geneva, Leipzig, London, Luxembourg, Paris, Vienna, Zurich, Hong Kong, Singapore and Sydney. It has two development centres, one in Zurich and one in Edinburgh, as well as a development support centre in Manila. Avaloq provides leading business process and IT outsourcing solutions in Switzerland (B-Source) and in Germany.

More information under www.avaloq.com


http://www.avaloq.com

Media Partner

apbankers.net

The Thomson Reuters Governance, Risk & Compliance (GRC) business delivers a comprehensive suite of solutions designed to empower audit, risk and compliance professionals, business leaders, and the Boards they serve to reliably achieve business objectives, address uncertainty, and act with integrity. Through the Thomson Reuters Accelus suite, we bring together market-leading solutions for global regulatory intelligence, financial crime, anti-bribery and corruption, enhanced due diligence, compliance management, internal audit, e-learning, risk management, and board of director.


http://accelus.thomsonreuters.com/

Media Partner

managersofwealth.com

WealthInsight is the leading source of high quality intelligence on global high net worth and ultra high net worth individuals (HNWs and UHNWIs) in the wealth management sector.

WealthInsight’s proprietary database offers exclusive details on HNW and UHNWIs including their wealth, business interests, advisors, associates, social and philanthropic activities. However, WealthInsight is more than just a rich database, we also offer a suite of valuable research products and bespoke services to give a deeper level of understanding of the world’s wealthiest individuals.

Our high quality global intelligence and expertise allows us to analyze, understand and interpret very detailed information on HNW and UHNWIs and the wealth sector. Subscribers to WealthInsight develop effective strategies based on thorough research methodologies and access to primary research derived from panel interviews and social media monitoring.

To find out more please contact amit.patel@sg.timetric.com


http://www.wealthinsight.com

Event Partner

Avaloq

“Much more than a conventional custody solution…”

The Edmond de Rothschild Group offers bespoke solutions to an international client base of affluent families, entrepreneurs and major institutions.

Continuing the tradition of excellence that has been the success of the Rothschild family, the Edmond de Rothschild Group pursues this tradition with its sophisticated custody and added value reporting solutions which are tailor-made to each client.

This “one-stop shop” solution is the answer to all your business needs. Depending on the evolution of your business, you can add services to meet your requirements at any time.

Some of the added services include managing accounts via models, wrapping, multi-managers, choice of dealing room, MIS reports, group standard reports with your corporate identity, tailor-made reports to HNWIs with your corporate identity etc.

In addition to this custody solution, our core activities are Asset Management, Private Banking, Corporate Finance, Private Equity and Fund Administration.


http://www.edmond-de-rothschild.com/

Table Host

CIMB Private Banking

AG


http://www.agdelta.com

Event Partner

Accelus

Delta was founded in 2004 toprovideelectronic dealing, client & portfolio centric e – commerce solutions that help solve the key challenges in Private Banking and Wealth Management.

Its flagship solution AG


http://www.allocatedbullion.sg

Event Partner

WealthInsight

CapitalTM is designed torevolutionize the way investment productsare marketed, distributed and traded across multiple channels, regulatory domains and clientssegments by wealth managers and online banking customers.

Clients of AG


http://www.abnamroprivatebanking.com

Event Partner

Edmond De Rothschild

Delta are many of the fastest growing financial institutions in the world, withproduction sites in wealth centresacross Asia Pacific and Europe. AG




Event Partner

AG Delta

Capital TM bringstogether essential toolsin one integrated platform, empowers their wealth managers with theability to identify and transact investment opportunities, tailored to each client profile andexisting portfolio composition.

Through AG




Table Host

Citi Bank

CapitalTM, thousands of wealth managers transact billions of dollars a year ininvestment product for their clients.

AG




Table Host

Bank of Singapore

Capital TM has been recognised as a Top E-commerce and Client Interface SolutionProvider in theStructured Products Technology Global survey; Red Herring Asia Venture100 Award winner; ‘Best Wealth Management Technology Offering’ at the inauguralWealthBriefingAsia 2013 Awards.

For more information about AG




Table Host

RBC Wealth Management

Delta, please visit: www.agdelta.com




Table Host

DBC

ABS provides end-to-end solutions to the investment sector for physical gold trading in Singapore. Our model is based on leveraging established processes, solutions and best in class technology partners that exist for other asset classes and bringing them to the physical gold sector.  We work closely with our institutional clients, industry associations and market participants so our clients are at the forefront of the development of the Singapore gold ecosystem.

What sets us apart:

* Unparalleled pricing and liquidity through our multi-dealer aggregated liquidity trading platform for physical gold
* A platform to leverage the wealth sector’s requirements with the dealing community – standardized terms of trade and documentation
* Automated post-trade capabilities, leveraging on post-trade workflow partners that have existing integrated infrastructure which can be extended to physical gold
* Clearing and collateralization solutions
* Custody solutions with LBMA sub-custodians
* A full trade lifecycle inventory management system which can aggregate clients positions across various sub-custodians
* All solutions can be white-labelled




Table Host

Coutts

ABN AMRO Private Banking is a leading European private bank with strong growth ambitions in Asia. Respected across the financial world, we are the leading private bank in the Netherlands, ranked second in France and fifth in Germany. We are also among the top three private banks in the Eurozone, top seven in Europe and top twenty in Asia.

ABN AMRO Private Banking employs over 3,600 people worldwide, including more than 500 relationship managers, to serve over 120,000 clients through 53 domestic and international on- and off-shore branches. These are spread across more than 10 markets in which we enjoy a mature local presence.

The global nature of our operations is reflected in the fact that our clients, with whom we have over 1 million client contacts every year, are made up of more than 100 different nationalities. Together they have entrusted ABN AMRO Private Banking with EUR 163.1 billion of their assets.

ABN AMRO Private Banking provides a full range of banking, financial & estate planning, and investment services. As a unique network of strong local private banks, we can offer clients all the advantages of a modern global bank underpinned by the values of a traditional private bank. These include the prestigious private banks of ABN AMRO MeesPierson in the Netherlands, Bethmann Bank in Germany and Neuflize OBC in France, as well as the world-leading International Diamond & Jewelry Group.

ABN AMRO Private Banking is backed by the strength of the ABN AMRO Group, a truly global banking group.




Table Host

Hana Bank




Table Host

Societe Generale Private Banking




Event Partner

Allocated Bullion Solutions




Table Host

ABN AMRO Private Banking




Event Partner

Edmund De Rothschild





Awards

ELIGIBLE INSTITUTIONS FOR THE 23RD PBI GLOBAL WEALTH SUMMIT & AWARDS INCLUDE:

The most prestigious awards in the Global Private Banking Industry are to be announced by senior wealth journal, Private Banker International, on October 11th this year at a glittering awards gala dinner to be held at the Fullerton Hotel in Singapore.

These accolades for the best and brightest wealth management institutions will be unveiled at the Wealth Summit being held by Private Banker International (PBI) in Singapore, an event now in its 23rd year.

These industry honours have become established as the awards that the private banking business really values. An independent panel of judges and the worldwide readership of PBI are used to assess the entries of competing wealth players.

This year’s awards will feature a key new category, the Outstanding Global Private Bank in Asia Pacific.  Outstanding Global Private Bank, in Europe, North America and several categories spread across Asia will also be announced.

The closing date for nominations is August 30th 2013, and should be submitted to Nicholas.moody@privatebankerinternational.com

Download PBI awards nomination form 2013


Private Banker International has announced all the finalists for the Annual Global Wealth Awards – to find out more click here

Private Banker International (PBI), the leading journal for the global wealth management industry has announced the finalists for the 2013 Private Banker International Global Wealth Awards, held in conjunction with the 23rd Global Wealth Summit.

Winners will be announced at the Global Wealth Awards Gala Dinner on Friday, 11th October 2013 at 8.00pm (Singapore/Hong Kong time) at The Fullerton Hotel Singapore.
Last chance to reserve your seats at the Awards Dinner


The PBI awards are regarded as the most credible in the industry, voted by the industry, for the industry.

They are based on a rigorous selection process which starts with nominations from industry professionals, including the readership of PBI. Nominees are then shortlisted and submitted to a panel of judges who decide the finalists in each award category and the overall winner.

Private Banker International Global Wealth Awards 2013 Finalists

I. Outstanding Global Private Bank 2013 – Sponsored by AG Delta

Finalists:

  • BNP Paribas Wealth Management
  • Citi Private Bank
  • Credit Suisse
  • J.P. Morgan Private Bank
  • UBS

2012 Winner: Credit Suisse

II. Outstanding Global Private Bank – Asia Pacific 2013- Sponsored by Avaloq


Finalists:

  • BNP Paribas Wealth Management
  • Citi Private Bank
  • Credit Suisse
  • J.P. Morgan Private Bank
  • UBS

2012 Winner: HSBC Private Bank

III. Outstanding Private Bank Asia Pacific 2013 – Sponsored by Avaloq

Finalists:

  • Bank of Singapore
  • DBS Private Bank
  • Hana Bank
  • NAB Private Wealth
  • Standard Chartered Private Bank

2012 Winner: Standard Chartered Private Bank

IV. Outstanding Private Bank – South Asia 2013 – Sponsored by Avaloq

Finalists:

  • Citi Private Bank
  • ICICI Private Banking
  • IIFL Wealth Management
  • Standard Chartered Private Bank

2012 Winner: Kotak Wealth Management

V. Outstanding Private Bank – Southeast Asia 2013 – Sponsored by Thomson Reuters

Finalists:

  • Bank of Singapore
  • CIMB Private Banking
  • Credit Suisse
  • Hana Bank
  • HSBC Private Bank

2012 Winner:  DBS Private Bank

VI. Outstanding Private Bank – North Asia 2013 (NEW) – Sponsored by Avaloq

Finalists: 

  • BNP Paribas Wealth Management
  • Citi Private Bank
  • Credit Suisse
  • HSBC Private Bank

VII. Outstanding Private Bank – Europe 2013 –Sponsored by AG Delta

Finalists:

  • ABN AMRO Private Banking
  • BNP Paribas Wealth Management
  • Citi Private Bank
  • RBC Wealth Management
  • Societe Generale Private Banking

2012 Winner: BNP Paribas Wealth Management

VIII. Outstanding Private Bank – North America 2013

Finalists: 

  • Citi Private Bank
  • J.P. Morgan Private Bank
  • RBC Wealth Management

2012 Winner: RBC Wealth Management

IX. Outstanding Private Bank – Latin America 2013

Finalists: 

  • HSBC Private Bank       
  • Itaú Private Bank
  • J.P. Morgan Private Bank
  • Santander Private Banking

2012 Winner: It Private Bank

X. Outstanding Private Bank – Middle East 2013

Finalists:

  • Coutts
  • HSBC Private Bank
  • Societe Generale Private Banking
  • Standard Chartered Private Bank

2012 Winner: HSBC Private Bank

XI. Outstanding Private Bank for UHNW Clients 2013

Finalists:

  • BNP Paribas Wealth Management
  • Citi Private Bank
  • Coutts
  • Credit Suisse
  • UBS

2012 Winner: J.P. Morgan Private Bank

XII. Outstanding Philanthropy Offering 2013

Finalists:

  • BNP Paribas Wealth Management
  • Coutts
  • Credit Suisse
  • Lombard Odier
  • UBS

2012 Winner: Coutts

XIII. Outstanding Wealth Management Service for the Affluent 2013
– Sponsored by AG Delta

Finalists:

  • CIMB Private Banking
  • Citigold Private Client
  • Taishin Bank

2012 Winner: CIMB Private Banking

XIV. Outstanding Wealth Manager – Customer Relationship Service and Engagement 2013

Finalists:

  • ABN AMRO Private Banking
  • BNP Paribas Wealth Management
  • Caixa Bank
  • CIMB Private Banking
  • RBC Wealth Management

2012 Winner: Bank Julius Baer

XV. Most Innovative Business Model 2013 (NEW)

Finalists:

  • Caixa Bank
  • DBS Private Bank
  • Hana Bank

XVI. Outstanding Wealth Planning & Trust Provider 2013

  • HSBC Private Bank
  • RBC Wealth Management
  • Societe Generale Private Banking

2012 Winner: RBC Wealth Management

XVII. Outstanding RM Training & Development Programme 2013 (NEW)

Finalists: 

  • ABN AMRO Private Banking
  • Hana Bank
  • Societe Generale Private Banking
  • Standard Bank Private Banking

XVIII. Outstanding Private Bank – Digital Channels 2013 (NEW)

Finalists: 

  • ABN AMRO Private Banking
  • Coutts
  • RBC Wealth Management
  • Standard Chartered Private Bank

XVIX. Outstanding Wealth Management Technology Provider 2013 (NEW)

Finalists:

  • Advent Software
  • AG Delta
  • Avaloq
  • DST Global Solutions
  • Infosys

For more information about the summit, please click here


Members of the media are invited to the event.

Private Banker International Wealth Summit


The Private Banker International Global Wealth Awards is organised by Timetric – a unique global brand renowned for innovative, independent thinking in financial services and professional services markets. We offer over 25 years’ experience in providing authoritative, valued-added information, research and analysis via newsletters, news services and magazines, research reports, conferences and other events.

About Private Banker International

Private Banker International is the leading journal for the global wealth industry. Launched in 1987, it is the longest established international wealth industry title and has won a reputation as a cutting-edge working tool for private bankers, relationship managers and other industry professionals. For more information, please visit www.privatebankerinternational.com


Contact:
Amit Patel
Sales Director, Asia Pacific
Private Banker International (Timetric)
Tel: +65 6383 4688
HP: +65 9327 2957
amit.patel@sg.timetric.com


Rosemary Pang
Media Relation
Private Banker International(Timetric)
Tel: +65 6383 4688
rosemary.pang@sg.timetric.com


Private Banker International announces 2013 winners for the Annual Global Wealth Awards


Singapore, 11 October 2013 Private Banker International (PBI), the leading journal for the global wealth management industry has announced the winners for the 2013 Private Banker International Global Wealth Awards, held in conjunction with the 23rd Global Wealth Summit.

The winners were just announced today, Friday, 11th October 2013 at 2000hrs (Singapore/Hong Kong time) at the Global Wealth Awards Gala Dinner at The Fullerton Hotel Singapore.


The PBI awards are regarded as the most credible in the industry, voted by the industry, for the industry.

John Evans, International Editor of PBI, said:

“For 2013, we have seen more nominations for awards than ever before. Clearly, banks – large and small – are fighting for competitive positioning, particularly in the growth markets for wealth management in Asia and recognition by PBI, the longest established journal of wealth, is increasingly important.”

“This year, the PBI awards recognise the emergence of new business models, and new industry players, as financial institutions compete to out-fox their rivals and establish competitive differentiation. A number of our awards go to smaller institutions which are innovating as fast as the big global players.”

“This year’s winners underline the importance, amid volatile investment markets, of being true trusted advisers to clients – not just product sales operations. The time when banks could dictate what products and services client received has passed and those who are succeeding are making their businesses as client-centric as possible.”

The PBI Awards are based on a rigorous selection process which starts with nominations from industry professionals, including the readership of PBI. Nominees are then shortlisted and submitted to a panel of judges who decide the finalists in each award category and the overall winner and highly-commended (1).

1. The Highly Commended Award – recognises and is awarded to competing institutions in each category which had a close tie.


The winners and highly commended in each of the various categories are outlined in the accompanying Annex 1.

Our editor’s comments on winners are outlined in Annex 2.

Notes to the Editor


About Private Banker International
Private Banker International is the leading journal for the global wealth industry. Launched in 1987, it is the longest established international wealth industry title and has won a reputation as a cutting-edge working tool for private bankers, relationship managers and other industry professionals. For more information, please visit www.privatebankerinternational.com


About the PBI Global Wealth Awards
The Private Banker International Global Wealth Awards is organised by Timetric – a unique global brand renowned for innovative, independent thinking in financial services and professional services markets. We offer over 25 years’ experience in providing authoritative, valued-added information, research and analysis via newsletters, news services and magazines, research reports, conferences and other events.

For more information about the awards, please click here.

For media enquiries

Please contact Private Banker International (Timetric):

Ruben Kempeneer

Tel: +65 6383 4688
HP: +65 8298 5707
ruben.kempeneer@sg.timetric.com


Rosemary Pang
Tel: +65 6383 4688
rosemary.pang@sg.timetric.com


Annex1

Private Banker International Global Wealth Awards 2013
Winners & Highly Commended


I.Outstanding Global
Private Bank 2013 – Sponsored by AG Delta
Winner – UBS
Highly Commended

  • Credit Suisse
  • J.P. Morgan Private Bank

II. Outstanding Global Private Bank – Asia Pacific 2013 – Sponsored by Avaloq
Winner –
Citi Private Bank

Highly Commended

  • J.P. Morgan Private Bank
  • UBS

III. Outstanding Private Bank – Asia Pacific 2013 – Sponsored by Avaloq
Winner –
Bank of Singapore

Highly Commended

  • DBS Private Bank
  • Standard Chartered Private Bank

IV. Outstanding Private Bank – South Asia 2013 – Sponsored by Avaloq
Winner – Standard Chartered Private Bank
Highly Commended

  • Citi Private Bank
  • IIFL Private Wealth Management

V. Outstanding Private Bank – Southeast Asia 2013 – Sponsored by Thomson Reuters Asia
Winner – HSBC Private Bank
Highly Commended

  • Bank of Singapore
  • CIMB Private Banking

VI. Outstanding Private Bank – North Asia 2013 (NEW) – Sponsored by Avaloq
Winner – Credit Suisse
Highly Commended

  • BNP Paribas Wealth Management
  • Citi Private Bank

VII. Outstanding Private Bank – Europe 2013 – Sponsored by AG Delta
Winner – BNP Paribas Wealth Management
Highly Commended

  • ABN AMRO Private Banking
  • Citi Private Bank

VIII. Outstanding Private Bank – North America 2013
Winner – J.P. Morgan Private Bank
Highly Commended

  • Citi Private Bank
  • RBC Wealth Management

IX. Outstanding Private Bank – Latin America 2013
Winner – Santander Private Banking
Highly Commended

  • Itaú Private Bank
  • J.P. Morgan Private Bank

X. Outstanding Private Bank – Middle East 2013
Winner – Coutts
Highly Commended

  • HSBC Private Bank
  • Standard Chartered Private Bank

XI. Outstanding Private Bank for UHNW Clients 2013
Winner – Citi Private Bank
Highly Commended

  • Credit Suisse
  • UBS

XII. Outstanding Philanthropy Offering 2013
Winner – Lombard Odier
Highly Commended

  • BNP Paribas Wealth Management
  • Coutts

XIII. Outstanding Wealth Management Service for The Affluent 2013 – Sponsored by AG Delta
Winner – Citigold Private Client
Highly Commended

  • CIMB Private Banking
  • Taishin Bank

XIV. Outstanding Wealth Manager – Customer Relationship Service and Engagement 2013
Winner – RBC Wealth Management
Highly Commended

  • ABN AMRO Private Banking
  • BNP Paribas Wealth Management

XV. Most Innovative Business Model 2013 (NEW)
Winner – Caixa Bank
Highly Commended

  • DBS Private Bank
  • Hana Bank

XVI. Outstanding Wealth Planning & Trust Provider 2013
Winner – Societe Generale Private Banking
Highly Commended

  • HSBC Private Bank
  • RBC Wealth Management

XVII. Outstanding RM Training & Development Programme 2013 (NEW)
Winner – Hana Bank
Highly Commended

  • ABN AMRO Private Banking Societe
  • Generale Private Banking

XVIII. Outstanding Private Bank – Digital Channels 2013 (NEW)
Winner – RBC Wealth Management
Highly Commended

  • ABN AMRO Private Banking
  • Standard Chartered Private Bank

XIX. Outstanding Wealth Management Technology Provider 2013 (NEW)
Winner – Avaloq
Highly Commended

  • AG Delta

XX. Outstanding Private Banker of the Year 2013

  • Tan Su Shan, Group Head of Consumer Banking & Wealth Management, DBS Bank

XXI. Outstanding Private Banker – Asia Pacific 2013

  • Rajesh Malkani, Head of Private Bank, East, Standard Chartered Private Bank

XXII. Outstanding Young Private Banker 2013

  • Recognising up-and-coming talents in the private banking industry –

CIMB Private Banking, Sim Sin Hoe
Coutts, Dylan Williams
Coutts, Vishal Sharma
Coutts, Warren Thompson
Societe Generale Private Banking, Agnieszka Majdanska
Societe Generale Private Banking, Alexandre Liebmann
Societe Generale Private Banking, Gonzague de Cerval
Standard Chartered Private Bank, Jacqueline Too
Standard Chartered Private Bank, Raghu Venugopal
Standard Chartered Private Bank, Vivian Tung


Annex 2

Private Banker International Global Wealth Awards 2013 – Quotes on Winners
(Please attribute the following quotes to John Evans, International Editor of Private Banker International.)


I. Outstanding Global Private Bank 2013 – Sponsored by AG Delta

Winner – UBS

The financial crisis of 2008 onwards proved a severely testing time for UBS and many other financial institutions. It is truly remarkable that Switzerland’s biggest bank has not only repaired the damage of that period, but has gone on to reassert its primacy in the sphere of private banking around the world.

Its performance shows the result of client confidence – with net new money inflows of SwFr47 billion in 2012. It could also boast of SwFr 1.7 trillion of invested assets by the middle of 2013.

UBS is enjoying the rewards of maintaining a razor-sharp focus on its core private banking skills, so shrugging off much of the impact of regulation aimed at curbing Swiss banking secrecy and tax evasion and adjusting to the new tax compliant environment.

Challenges remain, including the need for Swiss banks to ensure that all their clients in many countries are converted to that fully compliant model.

Truly, UBS, with more than 4,000 advisers in more than 40 countries, has an unrivalled franchise which has been renewed and deepened over the last five years.

The PBI Awards judges decided that UBS has a market-leading commitment to wealth management, is well back on positive track and is clearly investing in innovation and developing the franchise across areas like education, philanthropy and branding.

II. Outstanding Global Private Bank – Asia Pacific 2013 – Sponsored by Avaloq

Winner – Citi Private Bank

Citi Private Bank continues to maintain a classic private banking presence across Asia of impressive depth and reach. Coupled with the Citigold Private Client offering for the affluent, few banks can rival the overall touch points with clients in Asia – from the ultra-wealthy to the newly-rich.

Citi Private Bank now boasts of $210 billion of assets under management in Asia, as of end 2012.

The PBI judges decided that Citi gets top grades for continuing to maintain very strong and profitable business in Asia despite the dramatic problems the group has had with the mother ship in the US over the last five years. The judges have high regard for the way Citi has kept its eye on its Asia businesses.

III. Outstanding Private Bank – Asia Pacific 2013 – Sponsored by Avaloq

Winner –
Bank of Singapore

A select group of home-grown Asian banks has consistently shown that they can rival the big Western banks in the Asia-Pacific region. OCBC launched Bank of Singapore as its spear-head brand in wealth management, to great success after the acquisition of the former ING Private Bank in 2010 and the combination with OCBC Private Banking.

Bank of Singapore is headed, as CEO, by Renato de Guzman, an accomplished banker with more than 35 years of banking experience.

The bank has continued its strong growth momentum, with assets under management rising 35 percent to US$43 billion last year.

Broad-based asset growth was achieved across its major markets in Asia and the Indian subcontinent, and it was particularly successful in attracting substantial assets from new customers in Europe and the Middle East.

Our judges agreed that Bank of Singapore has truly embraced the needs of Asian clients and is clearly committed to the region and the business segment, with a client focus quite unique to the bank.

IV. Outstanding Private Bank – South Asia 2013 – Sponsored by Avaloq

Winner – Standard Chartered Private Bank

The Standard Chartered Private Bank, securely anchored by the historic presence of its parent in Asia, continues to display impressive strength. In 2012, its assets under management grew by 17 percent in Asia and 14 percent globally despite challenging market conditions.

It is recognised as one of the top foreign banks in the key wealth market of India—at a time when some rivals have been retrenching their activities in the sub-continent.

As Judy Hsu, Acting CEO of the Private Bank, says: ?We continue to focus on our integrated ?One Bank? approach, delivering the capabilities of the entire bank to meet our clients’ private and corporate needs in a region where entrepreneurship is a significant source of wealth.?

Our judges declared Standard Chartered the most embedded institution with clients locally.

V. Outstanding Private Bank – Southeast Asia 2013 – Sponsored by Thomson Reuters Asia

Winner – HSBC Private Bank

HSBC Private Bank has few rivals when it comes to providing classic private banking services for the wealthy in Asia. It provides the full spectrum of private banking solutions for affluent individuals and their families.

In particular, the bank has won an impressive client base in Singapore, and similar entrepreneurial centres like Hong Kong, for its skills in creating a comprehensive range of investment services and family wealth advisory services, along with private wealth solutions such as wealth planning and protection. Our judges decided that HSBC was a leader for its depth of people, products and penetration across so many key countries.

VI. Outstanding Private Bank – North Asia 2013 (NEW) – Sponsored by Avaloq

Winner – Credit Suisse

Credit Suisse has established itself as one of the essential ?gateway? banks into China, for private banking and a range of other financial services. As long ago as 1985, Credit Suisse became the first Swiss bank to establish a representative office in Beijing.

The Credit Suisse Shanghai branch has a Renminbi (RMB) license, a license for derivatives business and a Qualified Domestic Institutional Investor (QDII) quota.

Underlying the depth of its presence, the bank established asset management and securities joint ventures in Beijing.

As the world’s fastest-growing economy, China presents individuals and organisations with many opportunities for achieving their personal wealth and business growth objectives – aims that Credit Suisse is confident it can support.

VII. Outstanding Private Bank – Europe 2013 – Sponsored by AG Delta

Winner – BNP Paribas Wealth Management

BNP Paribas Wealth Management ranks as the largest private bank in the Eurozone and, globally, is the 7th largest private bank. Central to its strategy, at home and abroad, is its European wealth model. The parent bank uses its existing domestic network to move its wealthier retail clients, those with EUR250,000 in assets with the bank, upstream. Our judges praised BNP Paribas for its wider coverage after its acquisition of Fortis in the Benelux region, along with its consistency with the stability of its advisory teams.

VIII. Outstanding Private Bank – North America 2013

Winner – J.P. Morgan Private Bank

J.P. Morgan Private Bank remains the ?go to? institution for clients in North America and other regions, with its impressive track-record of serving many of the wealthiest families, business owners and entrepreneurs.

The bank has acknowledged strengths in-depth, ranging from investment, tax and estate planning, family office management, credit, and special advisory services.

Its asset management and private banking division combined made $6.5 billion of its total net revenues in North America, out of a global total of $9.9 billion in 2012.

IX. Outstanding Private Bank – Latin America 2013

Winner – Santander Private Banking

Banco Santander in recent years has expanded strongly across Latin America, growth that has increasingly encompassed its private banking capabilities, both onshore and offshore.

An important event occurred when Santander acquired the Miami-based private banking interests in Latin America of Standard Chartered in 2012, adding significantly to its capabilities.

The Santander Global Private Banking Division now comprises of more than 100 offices and 2,000 professionals and has more than $100 billion in client assets under management. It has a major presence in Brazil, Mexico and Chile, along with centres in Miami, Geneva and the Bahamas serving clients who are primarily from Latin America.

X. Outstanding Private Bank – Middle East 2013

Winner – Coutts

Coutts has made the Middle East one of its five key global growth targets and, with an active hiring programme of private banking professions is now increasingly winning regional business.

For the next three to four years, the bank is looking to add 100 per cent a year to the assets it has under management in the Gulf and adjoining countries. Coutts has turned its Mid-East business model on its head, after previously largely operating an expatriate business as Middle Eastern clients who travelled to London and knew the bank.

XI. Outstanding Private Bank for UHNW Clients 2013

Winner – Citi Private Bank

In the hotly-contested segment for ultra-high net worth clients, Citi Private Bank is a powerful player. It provides personalised wealth management services through its global network to 25,000 ultra high net worth clients globally, including a third of the Forbes’ list of billionaires. In total, it oversees $270 billion for UHNW clients and family offices around the world.

Its services include tailored opportunities in multi-currency direct investments, lending solutions, private equity, hedge funds, real estate and structured products. Advice on art advisory and financing as well as trust and estate planning are also provided.

XII. Outstanding Philanthropy Offering 2013

Winner – Lombard Odier

At Lombard Odier, six generations of Partners have committed themselves to charitable activities. The bank’s efforts are channelled through its corporate foundation, Fondation Lombard Odier. In 2008, the firm also created Fondation Philanthropia in order to support the philanthropic activities of its clients. This foundation granted CHF 5 million in 2012 and has so far committed a total of more than CHF 25 million to over 50 organisations.

Among its areas of involvement, humanitarian and social causes formed the biggest proportion of total donations (47 percent), followed by culture and education (37 percent), medical and scientific research (10 percent), and the environment and sustainable development (6 percent).

Philanthropy clients first of all want the foundation to help them understand the challenges presented by the area they want to get involved in, to structure their project, and, lastly, to assess its results and impact.

XIII. Outstanding Wealth Management Service for The Affluent 2013 – Sponsored by AG Delta

Winner – Citigold Private Client

The Citigold Private Client bundle of services has proved a powerful tool for Citi to penetrate emerging wealthy around the world. As a bridge between consuming banking and high-end private banking, Citigold Private Client excels in this particular segment. It combines banking with wealth management to deliver personalised service, special benefits and preferred access to Citi’s network.

A sister service, Citigold International is dedicated to serving the needs of globally connected clients by offering access to multi-country financial services.

Significantly, Citigold Private Client has launched a new service in China designed to meet the needs of emerging high net worth individuals, tapping into what could become a vast new market for Citi.

XIV. Outstanding Wealth Manager – Customer Relationship Service and Engagement 2013

Winner – RBC Wealth Management

The goal of RBC Wealth Management is consistency of hiring and consistency of Wealth Manager delivery of client service – whatever the service – banking, credit, discretionary investment, counselling, full-service advisory and estate and tax along with tax advisory.

RBC WM also places much emphasis on ?client discovery? – taking time really to find out what is important to its clientele. The bank, which has a regular response programme for client feedback, focuses on 8 key areas: enhance global client experience, improve wealth adviser consistency, enhance sales leader skills and experience, enhance client on-boarding, evolve needs-based wealth solutions, enhance delivery of client-based integrated reporting, increase sophistication of global analytics and further build-out digital capabilities.

XV. Most Innovative Business Model 2013 (NEW)

Winner – Caixa Bank

The PBI judges observed that innovation and fresh thinking are not the monopoly of the large international banks. Smaller, more focused institutions make their contribution, and are often free to make their own initiatives away from the herd mentality of monolithic banking groups.

Such is the case of Caixa Bank, Spain’s integrated financial group, and claiming leadership in the country’s consumer banking business. It has created its own sophisticated approach to a modern private banking business model.

Private Banking 2.0, a new Caixa Bank Private Banking website gives enhanced interactivity and the ability to download specific apps on mobile devices. A new feature, ?The Wall?, allows clients to contact their advisers, send messages, send responses, make video calls, review documents and reports and check on previous discussions.

XVI. Outstanding Wealth Planning & Trust Provider 2013

Winner Societe Generale Private Banking

The Societe Generale Wealth Planning Solutions team is regarded as one of the top line-ups in the industry, with a workforce of some 60 wealth planners. It also includes a network of more than 190 recognised experts in the fiscal and legal fields.

Clients can become part of the bank’s ?Preferred? Partners programme, which gives them access to some 100 legal, trust and accounting experts in more than 30 countries. At the same time, SGPB Hambros Trust is centred on the management of family wealth across generations, covering a broad range of asset classes, from quoted investments through to fine art.

The PBI judges agreed that Societe Generale delivers exceptional levels of in-house and external expertise, with ?poles of competence? amid proactive investment, advisory, portfolio management initiatives and enhancements.

XVII. Outstanding RM Training & Development Programme 2013 (NEW)
Winner – Hana Bank

The global banks have all been investing heavily in training and education. Hana Bank stands out for forging its own development initiative, showing how smaller institutions across Asia are working hard to upgrade the quality of their staff and service model.

Hana Bank now has a total of 98,800 clients, $42.3 billion of client assets and an advisory workforce of 249 – with a remarkable retention rate of 99.6 percent of staff.

As the bank says, one of its major strengths is the innovation of services along with similar initiatives on investment products.

Our judges noted that the bank freely supports external training opportunities and has a keen focus in support of bank segmentation, such as its Golden Age initiative for older clients. In short, Hana is really seriously developing its people, and is one of the best examples of the home-grown development of banks in Asia to develop their own higher advisory standards.

XVIII. Outstanding Private Bank – Digital Channels 2013 (NEW)

Winner RBC Wealth Management

RBC Wealth Management, which is regularly rated as one of the world’s top private banks for the depth and quality of their Web interfaces, is investing significantly in digital strategies including social media and channels to better enable their clients and advisors.

It is making investments to allow mobile strategies by making access to tools, data and capabilities that meet their needs anytime, anywhere.

It is also building capabilities for e-documents as well as a range of interactive tools, allowing, for example, clients to check on their investments for retirement purposes.

XIX. Outstanding Wealth Management Technology Provider 2013 (NEW)

Winner Avaloq

In the world of private banking and the pressing need to upgrade and integrate systems and platforms, Avaloq has become an industry leader.

It has been steadily winning a number of major contracts, including modernisation and upgrading of the Coutts platforms. Other notable wins include the taking over by Avaloq of the wealth management operations back-office of Deutsche Bank (Switzerland).

It can justly claim that it is the international reference for integrated, comprehensive banking solutions for wealth management, retail banking and universal banks.

Our judges noted that Avaloq is an expert in implementing major systems overhauls, removing legacy platforms and is broadening its capability at the front-end of private banking as well as through its business processing initiatives.

XX. Outstanding Private Banker of the Year 2013

Tan Su Shan, Group Head of Consumer Banking & Wealth Manage ment, DBS Bank

In the past decade, Singapore has become an outstanding global private banking centre. Among the key professional private banking leaders who have helped to foster this remarkable achievement, DBS’s Tan Su Shan must be counted.

Ms Tan has taken a central role in the development of private banking in Singapore and further afield. She joined DBS in 2010 as Managing Director and Group Head of Wealth Management, and was promoted to Group Head of Consumer Banking and Wealth Management in April this year.

Prior to joining DBS, Ms Tan was Morgan Stanley’s Head of Private Wealth Management for Southeast Asia and was also a Regional Head for Citi Private Bank. She spent eight years in ING Baring Securities in institutional equity sales, working in key financial hubs in London, Tokyo and Hong Kong.

It should be added that Ms Tan is currently a Nominated Member of Parliament in Singapore as well as a member of the Mone


Private Banker International announces 2013 winners for the Annual Global Wealth Awards


Singapore, 11 October 2013 Private Banker International (PBI), the leading journal for the global wealth management industry has announced the winners for the 2013 Private Banker International Global Wealth Awards, held in conjunction with the 23rd Global Wealth Summit.

The winners were just announced today, Friday, 11th October 2013 at 2000hrs (Singapore/Hong Kong time) at the Global Wealth Awards Gala Dinner at The Fullerton Hotel Singapore.


The PBI awards are regarded as the most credible in the industry, voted by the industry, for the industry.

John Evans, International Editor of PBI, said:

“For 2013, we have seen more nominations for awards than ever before. Clearly, banks – large and small – are fighting for competitive positioning, particularly in the growth markets for wealth management in Asia and recognition by PBI, the longest established journal of wealth, is increasingly important.”

“This year, the PBI awards recognise the emergence of new business models, and new industry players, as financial institutions compete to out-fox their rivals and establish competitive differentiation. A number of our awards go to smaller institutions which are innovating as fast as the big global players.”

“This year’s winners underline the importance, amid volatile investment markets, of being true trusted advisers to clients – not just product sales operations. The time when banks could dictate what products and services client received has passed and those who are succeeding are making their businesses as client-centric as possible.”

The PBI Awards are based on a rigorous selection process which starts with nominations from industry professionals, including the readership of PBI. Nominees are then shortlisted and submitted to a panel of judges who decide the finalists in each award category and the overall winner and highly-commended (1).

1. The Highly Commended Award – recognises and is awarded to competing institutions in each category which had a close tie.


The winners and highly commended in each of the various categories are outlined in the accompanying Annex 1.

Our editor’s comments on winners are outlined in Annex 2.

Notes to the Editor


About Private Banker International
Private Banker International is the leading journal for the global wealth industry. Launched in 1987, it is the longest established international wealth industry title and has won a reputation as a cutting-edge working tool for private bankers, relationship managers and other industry professionals. For more information, please visit www.privatebankerinternational.com


About the PBI Global Wealth Awards
The Private Banker International Global Wealth Awards is organised by Timetric – a unique global brand renowned for innovative, independent thinking in financial services and professional services markets. We offer over 25 years’ experience in providing authoritative, valued-added information, research and analysis via newsletters, news services and magazines, research reports, conferences and other events.

For more information about the awards, please click here.

For media enquiries

Please contact Private Banker International (Timetric):

Ruben Kempeneer

Tel: +65 6383 4688
HP: +65 8298 5707
ruben.kempeneer@sg.timetric.com


Rosemary Pang
Tel: +65 6383 4688
rosemary.pang@sg.timetric.com


Annex1

Private Banker International Global Wealth Awards 2013
Winners & Highly Commended


I.Outstanding Global
Private Bank 2013 – Sponsored by AG Delta
Winner – UBS
Highly Commended

  • Credit Suisse
  • J.P. Morgan Private Bank

II. Outstanding Global Private Bank – Asia Pacific 2013 – Sponsored by Avaloq
Winner –
Citi Private Bank

Highly Commended

  • J.P. Morgan Private Bank
  • UBS

III. Outstanding Private Bank – Asia Pacific 2013 – Sponsored by Avaloq
Winner –
Bank of Singapore

Highly Commended

  • DBS Private Bank
  • Standard Chartered Private Bank

IV. Outstanding Private Bank – South Asia 2013 – Sponsored by Avaloq
Winner – Standard Chartered Private Bank
Highly Commended

  • Citi Private Bank
  • IIFL Private Wealth Management

V. Outstanding Private Bank – Southeast Asia 2013 – Sponsored by Thomson Reuters Asia
Winner – HSBC Private Bank
Highly Commended

  • Bank of Singapore
  • CIMB Private Banking

VI. Outstanding Private Bank – North Asia 2013 (NEW) – Sponsored by Avaloq
Winner – Credit Suisse
Highly Commended

  • BNP Paribas Wealth Management
  • Citi Private Bank

VII. Outstanding Private Bank – Europe 2013 – Sponsored by AG Delta
Winner – BNP Paribas Wealth Management
Highly Commended

  • ABN AMRO Private Banking
  • Citi Private Bank

VIII. Outstanding Private Bank – North America 2013
Winner – J.P. Morgan Private Bank
Highly Commended

  • Citi Private Bank
  • RBC Wealth Management

IX. Outstanding Private Bank – Latin America 2013
Winner – Santander Private Banking
Highly Commended

  • Itaú Private Bank
  • J.P. Morgan Private Bank

X. Outstanding Private Bank – Middle East 2013
Winner – Coutts
Highly Commended

  • HSBC Private Bank
  • Standard Chartered Private Bank

XI. Outstanding Private Bank for UHNW Clients 2013
Winner – Citi Private Bank
Highly Commended

  • Credit Suisse
  • UBS

XII. Outstanding Philanthropy Offering 2013
Winner – Lombard Odier
Highly Commended

  • BNP Paribas Wealth Management
  • Coutts

XIII. Outstanding Wealth Management Service for The Affluent 2013 – Sponsored by AG Delta
Winner – Citigold Private Client
Highly Commended

  • CIMB Private Banking
  • Taishin Bank

XIV. Outstanding Wealth Manager – Customer Relationship Service and Engagement 2013
Winner – RBC Wealth Management
Highly Commended

  • ABN AMRO Private Banking
  • BNP Paribas Wealth Management

XV. Most Innovative Business Model 2013 (NEW)
Winner – Caixa Bank
Highly Commended

  • DBS Private Bank
  • Hana Bank

XVI. Outstanding Wealth Planning & Trust Provider 2013
Winner – Societe Generale Private Banking
Highly Commended

  • HSBC Private Bank
  • RBC Wealth Management

XVII. Outstanding RM Training & Development Programme 2013 (NEW)
Winner – Hana Bank
Highly Commended

  • ABN AMRO Private Banking Societe
  • Generale Private Banking

XVIII. Outstanding Private Bank – Digital Channels 2013 (NEW)
Winner – RBC Wealth Management
Highly Commended

  • ABN AMRO Private Banking
  • Standard Chartered Private Bank

XIX. Outstanding Wealth Management Technology Provider 2013 (NEW)
Winner – Avaloq
Highly Commended

  • AG Delta

XX. Outstanding Private Banker of the Year 2013

  • Tan Su Shan, Group Head of Consumer Banking & Wealth Management, DBS Bank

XXI. Outstanding Private Banker – Asia Pacific 2013

  • Rajesh Malkani, Head of Private Bank, East, Standard Chartered Private Bank

XXII. Outstanding Young Private Banker 2013

  • Recognising up-and-coming talents in the private banking industry –

CIMB Private Banking, Sim Sin Hoe
Coutts, Dylan Williams
Coutts, Vishal Sharma
Coutts, Warren Thompson
Societe Generale Private Banking, Agnieszka Majdanska
Societe Generale Private Banking, Alexandre Liebmann
Societe Generale Private Banking, Gonzague de Cerval
Standard Chartered Private Bank, Jacqueline Too
Standard Chartered Private Bank, Raghu Venugopal
Standard Chartered Private Bank, Vivian Tung


Annex 2

Private Banker International Global Wealth Awards 2013 – Quotes on Winners
(Please attribute the following quotes to John Evans, International Editor of Private Banker International.)


I. Outstanding Global Private Bank 2013 – Sponsored by AG Delta

Winner – UBS

The financial crisis of 2008 onwards proved a severely testing time for UBS and many other financial institutions. It is truly remarkable that Switzerland’s biggest bank has not only repaired the damage of that period, but has gone on to reassert its primacy in the sphere of private banking around the world.

Its performance shows the result of client confidence – with net new money inflows of SwFr47 billion in 2012. It could also boast of SwFr 1.7 trillion of invested assets by the middle of 2013.

UBS is enjoying the rewards of maintaining a razor-sharp focus on its core private banking skills, so shrugging off much of the impact of regulation aimed at curbing Swiss banking secrecy and tax evasion and adjusting to the new tax compliant environment.

Challenges remain, including the need for Swiss banks to ensure that all their clients in many countries are converted to that fully compliant model.

Truly, UBS, with more than 4,000 advisers in more than 40 countries, has an unrivalled franchise which has been renewed and deepened over the last five years.

The PBI Awards judges decided that UBS has a market-leading commitment to wealth management, is well back on positive track and is clearly investing in innovation and developing the franchise across areas like education, philanthropy and branding.

II. Outstanding Global Private Bank – Asia Pacific 2013 – Sponsored by Avaloq

Winner – Citi Private Bank

Citi Private Bank continues to maintain a classic private banking presence across Asia of impressive depth and reach. Coupled with the Citigold Private Client offering for the affluent, few banks can rival the overall touch points with clients in Asia – from the ultra-wealthy to the newly-rich.

Citi Private Bank now boasts of $210 billion of assets under management in Asia, as of end 2012.

The PBI judges decided that Citi gets top grades for continuing to maintain very strong and profitable business in Asia despite the dramatic problems the group has had with the mother ship in the US over the last five years. The judges have high regard for the way Citi has kept its eye on its Asia businesses.

III. Outstanding Private Bank – Asia Pacific 2013 – Sponsored by Avaloq

Winner –
Bank of Singapore

A select group of home-grown Asian banks has consistently shown that they can rival the big Western banks in the Asia-Pacific region. OCBC launched Bank of Singapore as its spear-head brand in wealth management, to great success after the acquisition of the former ING Private Bank in 2010 and the combination with OCBC Private Banking.

Bank of Singapore is headed, as CEO, by Renato de Guzman, an accomplished banker with more than 35 years of banking experience.

The bank has continued its strong growth momentum, with assets under management rising 35 percent to US$43 billion last year.

Broad-based asset growth was achieved across its major markets in Asia and the Indian subcontinent, and it was particularly successful in attracting substantial assets from new customers in Europe and the Middle East.

Our judges agreed that Bank of Singapore has truly embraced the needs of Asian clients and is clearly committed to the region and the business segment, with a client focus quite unique to the bank.

IV. Outstanding Private Bank – South Asia 2013 – Sponsored by Avaloq

Winner – Standard Chartered Private Bank

The Standard Chartered Private Bank, securely anchored by the historic presence of its parent in Asia, continues to display impressive strength. In 2012, its assets under management grew by 17 percent in Asia and 14 percent globally despite challenging market conditions.

It is recognised as one of the top foreign banks in the key wealth market of India—at a time when some rivals have been retrenching their activities in the sub-continent.

As Judy Hsu, Acting CEO of the Private Bank, says: ?We continue to focus on our integrated ?One Bank? approach, delivering the capabilities of the entire bank to meet our clients’ private and corporate needs in a region where entrepreneurship is a significant source of wealth.?

Our judges declared Standard Chartered the most embedded institution with clients locally.

V. Outstanding Private Bank – Southeast Asia 2013 – Sponsored by Thomson Reuters Asia

Winner – HSBC Private Bank

HSBC Private Bank has few rivals when it comes to providing classic private banking services for the wealthy in Asia. It provides the full spectrum of private banking solutions for affluent individuals and their families.

In particular, the bank has won an impressive client base in Singapore, and similar entrepreneurial centres like Hong Kong, for its skills in creating a comprehensive range of investment services and family wealth advisory services, along with private wealth solutions such as wealth planning and protection. Our judges decided that HSBC was a leader for its depth of people, products and penetration across so many key countries.

VI. Outstanding Private Bank – North Asia 2013 (NEW) – Sponsored by Avaloq

Winner – Credit Suisse

Credit Suisse has established itself as one of the essential ?gateway? banks into China, for private banking and a range of other financial services. As long ago as 1985, Credit Suisse became the first Swiss bank to establish a representative office in Beijing.

The Credit Suisse Shanghai branch has a Renminbi (RMB) license, a license for derivatives business and a Qualified Domestic Institutional Investor (QDII) quota.

Underlying the depth of its presence, the bank established asset management and securities joint ventures in Beijing.

As the world’s fastest-growing economy, China presents individuals and organisations with many opportunities for achieving their personal wealth and business growth objectives – aims that Credit Suisse is confident it can support.

VII. Outstanding Private Bank – Europe 2013 – Sponsored by AG Delta

Winner – BNP Paribas Wealth Management

BNP Paribas Wealth Management ranks as the largest private bank in the Eurozone and, globally, is the 7th largest private bank. Central to its strategy, at home and abroad, is its European wealth model. The parent bank uses its existing domestic network to move its wealthier retail clients, those with EUR250,000 in assets with the bank, upstream. Our judges praised BNP Paribas for its wider coverage after its acquisition of Fortis in the Benelux region, along with its consistency with the stability of its advisory teams.

VIII. Outstanding Private Bank – North America 2013

Winner – J.P. Morgan Private Bank

J.P. Morgan Private Bank remains the ?go to? institution for clients in North America and other regions, with its impressive track-record of serving many of the wealthiest families, business owners and entrepreneurs.

The bank has acknowledged strengths in-depth, ranging from investment, tax and estate planning, family office management, credit, and special advisory services.

Its asset management and private banking division combined made $6.5 billion of its total net revenues in North America, out of a global total of $9.9 billion in 2012.

IX. Outstanding Private Bank – Latin America 2013

Winner – Santander Private Banking

Banco Santander in recent years has expanded strongly across Latin America, growth that has increasingly encompassed its private banking capabilities, both onshore and offshore.

An important event occurred when Santander acquired the Miami-based private banking interests in Latin America of Standard Chartered in 2012, adding significantly to its capabilities.

The Santander Global Private Banking Division now comprises of more than 100 offices and 2,000 professionals and has more than $100 billion in client assets under management. It has a major presence in Brazil, Mexico and Chile, along with centres in Miami, Geneva and the Bahamas serving clients who are primarily from Latin America.

X. Outstanding Private Bank – Middle East 2013

Winner – Coutts

Coutts has made the Middle East one of its five key global growth targets and, with an active hiring programme of private banking professions is now increasingly winning regional business.

For the next three to four years, the bank is looking to add 100 per cent a year to the assets it has under management in the Gulf and adjoining countries. Coutts has turned its Mid-East business model on its head, after previously largely operating an expatriate business as Middle Eastern clients who travelled to London and knew the bank.

XI. Outstanding Private Bank for UHNW Clients 2013

Winner – Citi Private Bank

In the hotly-contested segment for ultra-high net worth clients, Citi Private Bank is a powerful player. It provides personalised wealth management services through its global network to 25,000 ultra high net worth clients globally, including a third of the Forbes’ list of billionaires. In total, it oversees $270 billion for UHNW clients and family offices around the world.

Its services include tailored opportunities in multi-currency direct investments, lending solutions, private equity, hedge funds, real estate and structured products. Advice on art advisory and financing as well as trust and estate planning are also provided.

XII. Outstanding Philanthropy Offering 2013

Winner – Lombard Odier

At Lombard Odier, six generations of Partners have committed themselves to charitable activities. The bank’s efforts are channelled through its corporate foundation, Fondation Lombard Odier. In 2008, the firm also created Fondation Philanthropia in order to support the philanthropic activities of its clients. This foundation granted CHF 5 million in 2012 and has so far committed a total of more than CHF 25 million to over 50 organisations.

Among its areas of involvement, humanitarian and social causes formed the biggest proportion of total donations (47 percent), followed by culture and education (37 percent), medical and scientific research (10 percent), and the environment and sustainable development (6 percent).

Philanthropy clients first of all want the foundation to help them understand the challenges presented by the area they want to get involved in, to structure their project, and, lastly, to assess its results and impact.

XIII. Outstanding Wealth Management Service for The Affluent 2013 – Sponsored by AG Delta

Winner – Citigold Private Client

The Citigold Private Client bundle of services has proved a powerful tool for Citi to penetrate emerging wealthy around the world. As a bridge between consuming banking and high-end private banking, Citigold Private Client excels in this particular segment. It combines banking with wealth management to deliver personalised service, special benefits and preferred access to Citi’s network.

A sister service, Citigold International is dedicated to serving the needs of globally connected clients by offering access to multi-country financial services.

Significantly, Citigold Private Client has launched a new service in China designed to meet the needs of emerging high net worth individuals, tapping into what could become a vast new market for Citi.

XIV. Outstanding Wealth Manager – Customer Relationship Service and Engagement 2013

Winner – RBC Wealth Management

The goal of RBC Wealth Management is consistency of hiring and consistency of Wealth Manager delivery of client service – whatever the service – banking, credit, discretionary investment, counselling, full-service advisory and estate and tax along with tax advisory.

RBC WM also places much emphasis on ?client discovery? – taking time really to find out what is important to its clientele. The bank, which has a regular response programme for client feedback, focuses on 8 key areas: enhance global client experience, improve wealth adviser consistency, enhance sales leader skills and experience, enhance client on-boarding, evolve needs-based wealth solutions, enhance delivery of client-based integrated reporting, increase sophistication of global analytics and further build-out digital capabilities.

XV. Most Innovative Business Model 2013 (NEW)

Winner – Caixa Bank

The PBI judges observed that innovation and fresh thinking are not the monopoly of the large international banks. Smaller, more focused institutions make their contribution, and are often free to make their own initiatives away from the herd mentality of monolithic banking groups.

Such is the case of Caixa Bank, Spain’s integrated financial group, and claiming leadership in the country’s consumer banking business. It has created its own sophisticated approach to a modern private banking business model.

Private Banking 2.0, a new Caixa Bank Private Banking website gives enhanced interactivity and the ability to download specific apps on mobile devices. A new feature, ?The Wall?, allows clients to contact their advisers, send messages, send responses, make video calls, review documents and reports and check on previous discussions.

XVI. Outstanding Wealth Planning & Trust Provider 2013

Winner Societe Generale Private Banking

The Societe Generale Wealth Planning Solutions team is regarded as one of the top line-ups in the industry, with a workforce of some 60 wealth planners. It also includes a network of more than 190 recognised experts in the fiscal and legal fields.

Clients can become part of the bank’s ?Preferred? Partners programme, which gives them access to some 100 legal, trust and accounting experts in more than 30 countries. At the same time, SGPB Hambros Trust is centred on the management of family wealth across generations, covering a broad range of asset classes, from quoted investments through to fine art.

The PBI judges agreed that Societe Generale delivers exceptional levels of in-house and external expertise, with ?poles of competence? amid proactive investment, advisory, portfolio management initiatives and enhancements.

XVII. Outstanding RM Training & Development Programme 2013 (NEW)
Winner – Hana Bank

The global banks have all been investing heavily in training and education. Hana Bank stands out for forging its own development initiative, showing how smaller institutions across Asia are working hard to upgrade the quality of their staff and service model.

Hana Bank now has a total of 98,800 clients, $42.3 billion of client assets and an advisory workforce of 249 – with a remarkable retention rate of 99.6 percent of staff.

As the bank says, one of its major strengths is the innovation of services along with similar initiatives on investment products.

Our judges noted that the bank freely supports external training opportunities and has a keen focus in support of bank segmentation, such as its Golden Age initiative for older clients. In short, Hana is really seriously developing its people, and is one of the best examples of the home-grown development of banks in Asia to develop their own higher advisory standards.

XVIII. Outstanding Private Bank – Digital Channels 2013 (NEW)

Winner RBC Wealth Management

RBC Wealth Management, which is regularly rated as one of the world’s top private banks for the depth and quality of their Web interfaces, is investing significantly in digital strategies including social media and channels to better enable their clients and advisors.

It is making investments to allow mobile strategies by making access to tools, data and capabilities that meet their needs anytime, anywhere.

It is also building capabilities for e-documents as well as a range of interactive tools, allowing, for example, clients to check on their investments for retirement purposes.

XIX. Outstanding Wealth Management Technology Provider 2013 (NEW)

Winner Avaloq

In the world of private banking and the pressing need to upgrade and integrate systems and platforms, Avaloq has become an industry leader.

It has been steadily winning a number of major contracts, including modernisation and upgrading of the Coutts platforms. Other notable wins include the taking over by Avaloq of the wealth management operations back-office of Deutsche Bank (Switzerland).

It can justly claim that it is the international reference for integrated, comprehensive banking solutions for wealth management, retail banking and universal banks.

Our judges noted that Avaloq is an expert in implementing major systems overhauls, removing legacy platforms and is broadening its capability at the front-end of private banking as well as through its business processing initiatives.

XX. Outstanding Private Banker of the Year 2013

Tan Su Shan, Group Head of Consumer Banking & Wealth Manage ment, DBS Bank

In the past decade, Singapore has become an outstanding global private banking centre. Among the key professional private banking leaders who have helped to foster this remarkable achievement, DBS’s Tan Su Shan must be counted.

Ms Tan has taken a central role in the development of private banking in Singapore and further afield. She joined DBS in 2010 as Managing Director and Group Head of Wealth Management, and was promoted to Group Head of Consumer Banking and Wealth Management in April this year.

Prior to joining DBS, Ms Tan was Morgan Stanley’s Head of Private Wealth Management for Southeast Asia and was also a Regional Head for Citi Private Bank. She spent eight years in ING Baring Securities in institutional equity sales, working in key financial hubs in London, Tokyo and Hong Kong.

It should be added that Ms Tan is currently a Nominated Member of Parliament in Singapore as well as a member of the Mone


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