HSBC’s strategic focus on the ultra-high-net-worth (UHNW) clientele in Switzerland has yielded measurable progress, characterised by accelerated growth and operational enhancements.

A dedicated team of next generation-focused private bankers, largely revolving around its home base in Switzerland, is at the heart of UBS’s status as Western Europe’s best for next-gen wealth services. The team draws on backgrounds across wealth management, governance and advisory services, with a combined 20 year-plus experience of working with next-gen clients.

UBS delivered outstanding financial performance and client satisfaction over the review period, driven by successful integration efforts, distinctive ultra-high-net-worth (UHNW) offerings, and an ability to engage next-generation clients.

Quintet Private Bank delivered a strong financial performance in 2023, showing resilience amid market volatility and inflationary pressures, while strategically expanding its investment offerings and geographic presence.

KBC Private Bank has continued to achieve significant growth in its private banking network, strengthened its digital excellence through innovative solutions, and elevated client experiences with personalised, proactive technology integration.

Santander Private Banking has global leadership in banking for high-net-worth individuals (HNWs) and this is largely driven from Europe – especially Western Europe – where it is the region’s best private bank. Its growth in this region is in large part thanks to an ability to leverage the group’s presence in its key markets while enhancing its value proposition for clients in those markets.

Deutsche Bank Private Bank’s strategic initiatives in Italy have not only enhanced its financial performance but also solidified its reputation as a leader in integrating sustainability and comprehensive wealth management solutions.

Nykredit Private Banking stands out for its dedication to meeting diverse customer needs and achieving its sustainability objectives.

Carnegie Private Banking’s discretionary portfolio management (DPM) segment has demonstrated robust growth and strategic agility, exemplified by a 49% surge in assets under management in discretionary mandates during the awards period.

As the largest asset manager in Finland, with services available in more than100 domestic locations and a 31% market share in private banking, OP Financial Group has a strong presence in the Finnish market.

Carnegie Private Banking embeds sustainability at the core of its business philosophy, viewing it not as a separate initiative but as essential to both investment performance and economic development.

The Carnegie blueprint

JPMorgan Private Bank has cemented its role as a catalyst for social and economic innovation in the Nordic region via strategic philanthropic partnerships, with a focus on fostering creativity, entrepreneurship and youth engagement. 

Coeli Wealth Management has carved out a distinct niche in alternative investments by granting wealthy clients access to private market opportunities traditionally reserved for institutional players.

With an extensive range of products tailored to ultra-high-net-worth (UHNW) individuals, family offices and next-gen clients, DNB Private Banking has a strong and growing presence in the Norwegian market.

DNB Private Banking stands apart from rivals in the Nordics and Baltics ultra-high-net-worth (UHNW) segment, using its expertise and collaborative qualities to drive growth.

DNB Private Banking is a trusted partner for Norway’s wealthiest families, delivering comprehensive, coordinated expertise through an integrated, region-wide approach. It also serves around 60% of Norway’s 400 wealthiest individuals and families.

Offering personalised wealth management solutions and exclusive events, Carnegie Private Banking achieved significant revenue and profit growth during the review period.

With an expansive analyst network delivering comprehensive Nordic equity coverage and enhanced digital client services, Carnegie Private Banking continued to set benchmarks in regional research excellence.

Leveraging innovative digital services to connect with its clients, mBank achieved a significant increase in assets under management during the review period, with new inflows exceeding PLN1 billion ($258 million).

In a year marked by growth in client assets, expanded investment offerings and enhancements to digital banking services, Raiffeisen Private Banking stood out from its competitors in the Czech high net-worth space.

Breaking new ground in 2019, mBank introduced Poland's first ESG investment strategy for retail clients, establishing an early leadership position that continues to flourish today.

Raiffeisen Private Banking experienced significant financial growth over the review period, driven by enhancements to its product offering.

UniCredit has achieved impressive growth in the high-net-worth (HNW) segment, outpacing domestic competitors in key markets while leveraging its expertise, market adaptability and exclusive financial services to deliver strategic wealth management.

UniCredit Bulbank demonstrated strong financial performance and made notable enhancements to its product offering over the review period.

Banca Comerciala Romana showed impressive growth over the review period, driven by its strong product offering.

İsbank has significantly expanded its private banking capabilities by leveraging both physical branch transformations and digital innovation, thereby enhancing customer engagement and fuelling asset growth.

Erste Private Bank’s chief investment office (CIO) has delivered robust performance to private banking clients in Central and Eastern Europe, anchored by proactive positioning amid shifting macroeconomic conditions.

Ensuring stability and barrier-free access to remote banking services in Ukraine, Oschadbank has achieved strong financial performance and significant growth in its high net-worth (HNW) segment.

Tatra banka’s win as the Slovak Republic’s best private bank was grounded in its extensive suite of banking services, excelling most notably in the areas of digitisation and sustainability.