The nomination deadline for the 2010 PBI Global
Wealth Awards has been extended to 31 July, but time is
running out. Considered to be the most prestigious accolades in the
wealth industry for excellence and best practice, winners are due
to be announced this October.

The awards are particularly relevant this year
as the wealth industry adapts to a new investment climate
fundamentally altered by the impact of the global financial
crisis.

Larger banks have been battling to stem the
outflow of client managed assets, banking mergers and acquisitions
have continued meaning banks are reviewing what they offer clients
and how they manage relationships.

The flight to quality by concerned clients
means that medium-sized and even smaller institutions and boutiques
continue to make gains at the cost of their larger rivals.

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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 as a whole.

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.

This year we have launched a new award,
Outstanding Philanthropy Offering, designed to recognise the
increasing importance of philanthropic services to private wealth
clients.

Nomination process explained

The nomination process for the awards
is open and has been extended to 31 July. PBI’s worldwide
readership of wealth professionals are invited to submit
nominations in the various categories.

To increase comparability this year, we ask
that all entries are made using our official nomination forms.
Entry forms can be downloaded from:
2010 Private Banker International Wealth Summit; or
requested by emailing PBI editor: nicholas.moody@vrlfinancialnews.com
(see below for details on how to submit your
nomination).

The criteria for the awards include the ability
of institutions to demonstrate a clear and unique strategy to
position and grow their business, regionally or globally, those
that have made the most investment in people and systems to develop
their business; those showing most innovation in products/services;
those with demonstrably superior client services and customer
relationship management skills; 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 advisory board, made up of
independent specialists in wealth management.

Winners will be announced during the
PBI Wealth Summit in Singapore to be held on 20-21
October.

The categories are: