Private Banker International (PBI) has announced the winners for its Greater China Awards 2016. The awards ceremony took place at The Grand Hyatt Hotel, Hong Kong on 2 June.
Owned and managed by Timetric, the PBI Awards are regarded as the most credible in the industry, voted by the industry for the industry.
Ruben Kempeneer, regional director of Timetric said: "Nominations this year continued to show enhanced sophistication in the service models and respective propositions of private banks with operations in Greater China. Not only have institutions recognised the cognitive changes occurring in these significant markets, they are clearly appreciative of the need for adaptive models to remain relevant to the needs of the clients and the transformative reform of the region.
"This year’s winners exhibited a clear direction in their improved strategies, highlighting the need for close integration across markets and really honed in on their strengths as institutions respectively. This proved successful in a challenging time for the industry when identifying your core proposition to clients is vital to remaining competitive."
Now in its 8th year, The PBI Greater China Awards mark an important extension of the Private Banker International Global Wealth Awards, which recognise excellence by banks and other wealth managers in various geographies.
China, Hong Kong and Taiwan represent an immense pool of high net worth assets and are at the centre of increasing efforts by banks and other participants, both foreign and domestic, to grow top-flight wealth management business.
Private Banker International Greater China Awards 2016 Winners
Best Private Bank in China: China Merchants Bank
Best Private Bank in China (Foreign): Credit Suisse AG
Best Private Bank in Taiwan: Taishin Bank
Best Private Bank in Taiwan (Foreign): Credit Suisse AG
Best Private Bank in Hong Kong: HSBC Private Bank
Best Private Bank in Hong Kong (Foreign): BNP Paribas Wealth Management
Service Proposition Awards:
Best Family Office Proposition in Greater China: HSBC Private Bank
Best Next-Generation Offering in Greater China: BNP Paribas Wealth Management
Best Offshore Renminbi Offering in Greater China: HSBC Private Bank
Best UHNW Individual Offering in Greater China: Citi Private Bank
Most Effective Wealth Management Platform in Greater China: Credit Suisse AG
Outstanding Young Private Bankers (Greater China-North Asia): Shannah See, DBS Private Bank
Rising Star for Greater China-North Asia: Jeff Shai Kiet Wong, DBS Private Bank
Outstanding Private Banker (Greater China-North Asia): Amy Lo, UBS AG