individuals qualifying as finalists in the Private Banker
International Global Private Banking & Wealth Awards for 2008
have now been selected. In the unprecedented turbulence, the PBI
judging panel has a really hard job this year to pick the
winners.
This year more institutions than ever before have entered for the
PBI annual awards, a testimony to the growing popularity of these
accolades among the global wealth industry.
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By GlobalDataMore than 40 outstanding wealth institutions and individuals have
made it to the awards short-list, a record number.
The winners in each category, assessed for their role as
“benchmark” best-practice firms for the private banking industry,
will be announced at an awards dinner to be held at the St Regis
Hotel, Singapore on November 6, during the PBI Annual Wealth
Summit.
“What is especially gratifying this year is the number of entries
from institutions in the emerging economies, including the BRIC
nations – a measure how financial institutions in these countries
are eager to build up their high net worth advisory services,” said
John Evans, editor of PBI and chairman of the awards judging
panel.
“With most indicators showing above-average levels of growth of
private wealth in regions like Asia-Pacific in coming years, the
emergence of the powerful indigenous wealth manager competing with
the Western private banking brands is going to be a key development
of the future.”
Evans continued: “We hope that our awards fully reflect this
competitive process, and recognise the growing influence of the
local player – as well as progress by the traditional private banks
in Europe and North America during such an exceptionally difficult
year.”
The PBI editor contends that, amid huge global financial stresses,
financial institutions from the emerging nations elsewhere in Asia
have an unprecedented opportunity to buy into major Western
financial institutions to fast-track their own expertise.
This is already being seen in transactions such as Mitsubishi UFJ’s
investment in Morgan Stanley and the Bank of China’s $341 million
investment for a 20 percent stake in La Compagnie Financière Edmond
de Rothschild of France, representing the first large-scale move by
a Chinese bank into Europe.
Because of the number of entries in this year’s awards, the ranks
of finalists in the Outstanding Private Bank – Asia-Pacific
category have been specially extended.
The short-list has been compiled by a process of nominations,
assessment by PBI’s global readership and then selection by an
independent judging panel.
The finalists in the various categories are listed below.
The Outstanding Global Private Bank
• Barclays Wealth
• Credit Suisse
• HSBC Private Bank
The Outstanding Private Bank – Asia-Pacific
• Bank of China
• Standard Chartered Private Bank
• CIMB Private Banking
• HSBC Private Bank
• The Kotak Mahindra Group
• ICICI Bank
• Korea Exchange Bank
The Outstanding Private Bank – Europe
• Credit Suisse
• Julius Baer
• ING Private Banking
The Outstanding Private Bank – The Americas
• Itaú Private Bank
• Morgan Stanley
• Royal Bank of Canada
The Outstanding Private Bank – The Middle
East
• Bank Sarasin-Alpen
• Emirates NBD Private Banking
• HSBC Private Bank
• Qatar National Bank
The Outstanding Private Bank – Customer Relationship
Skills
• EFG International
• HSBC Private Bank
• Pictet & Cie
The Outstanding Wealth Manager for Innovation of
Products/Services
• Société Générale Private Banking
• Bank Sarasin
• Schroders
The Outstanding Wealth Manager for Alternative
Investments
• BNP Paribas
• JPMorgan Private Bank
• Société Générale Private Banking
The Outstanding Business & Entrepreneurs’ Private
Bank
• Fortis Private Banking
• Credit Suisse Group
• HSBC Private Bank
The Outstanding Global Private Banker
• Christopher Meares, chief executive of HSBC Private Bank
• Frances Aldrich Sevilla Sacasa, chief executive of US Trust Bank
of America Private Wealth Management
• Walter Berchtold, chief executive of private banking, Credit
Suisse Group
The Outstanding Asia-Pacific Private Banker
• Olivier Denis, head of group private banking, OCBC Bank
• Pierre F Baer, chief executive officer (Singapore & South
Asia) for SG Private Banking (Asia Pacific)
• Hanspeter Brunner, chief executive officer, RBS Coutts
International & executive chairman, RBS Coutts Asia
The Outstanding Young Private Banker
• Boris Collardi, chief operating officer, Julius Baer
• Kim Radalj, head of ultra-high net worth clients, Commonwealth
Private Bank
• Jacqueline Dong Wenhui, director of PRC team, Credit Suisse, Hong
Kong
Most Exciting New Wealth Model
• AL Wealth Partners, Singapore
• Renaissance Investment Management, Moscow
• Standard Chartered Private Bank
The Private Banker International Editor’s Special
Awards
To be decided