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Itaú Unibanco turned 100 years old last year. The Brazilian lender describes the role its private banking division – winner of Latin America’s best for next-gen award, Itaú Private Bank – plays in its long financial history as one of “constant movement and transformation”. It also describes its next-gen strategy as “client-centred”, and its approach to serving inter-generational wealth customers as a constant drive to “build long-term relationships and promote continuous evolution”.

By combining innovation, client-focused solutions and a global perspective, Scotia Wealth Management is the leader in international private banking.

There’s no financial institution quite like UBS in Latin America. It claims to be a unique player in the region, and so it is, offering a seamless blend of global and local wealth management services to ultra-high-net-worth clients.

BTG Pactual’s alternatives team has been investing in alternative investments on a global basis for the past 30 years. It remains steadfastly focused on building strong and long-term relationships with top-tier fund and investment managers across the alternative asset landscape, including the likes of hedge funds, private credit, private equity, real estate and venture capital.

The chief investment office (CIO) has really come into its own this decade. A good CIO works with their team to develop and communicate investment strategy and policies, oversee the investment process, make decisions on asset allocation, manage risk across portfolios, and contribute to the firm’s overall business strategy.

Credicorp Capital has been building on its sustainability strategy since its launch in 2020. That culminated this year with it taking home the award for best in Latin America for sustainability.

Santander Private Banking, Uruguay's Best International Private Bank

BTG Pactual is a standout financial institution when it comes to the challenge of meeting clients’ often complex succession planning needs. The firm’s succession planning strategy revolves around providing personalised and globally relevant solutions and focuses on its ability to see each client’s unique needs and ambitions. It allows it to design tailored strategies to ensure seamless wealth transitions across generations and markets, whether clients require advice on US estate planning rules, European tax changes, or investment opportunities in the Middle East.

It can be easy, amid the competitive scrum of wealth management, to overlook the importance of discretionary portfolio management (DPM). Investing money on a client’s behalf: it’s a simple enough concept. It is also profitable and ‘sticky’ – get it right, and a wealthy client is likely to stay loyal for a long time, safe in the knowledge that their wealth and assets are busy accruing interest.

During the review period, BTG Pactual succeeded in achieving its simplified goal of elevating the client experience through technology and innovation. The bank’s commitment to understanding and fulfilling the needs of its private banking clients has driven it to deliver exceptional digital private banking services over the review period. Guided by a client-centric approach, the bank employed technology to provide solutions aligned with the goals, challenges and aspirations of its clients.

Scotia Wealth Management has long been a leading provider in the financial services industry, delivering world-class wealth management solutions with a deep understanding of the needs of high-net-worth (HNW) and ultra-high-net-worth (UHNW) individuals and families.

This award is always fiercely contested, and for good reason. Every private bank targets high-net-worth customers. Many of them are tomorrow’s ultra-wealthy customers; a handful will be tomorrow’s billionaires, monied enough to support their own multi-functional family office.