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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.

Santander Private Banking stands head and shoulders above the competition in this award for Latin America’s best international private bank. The Spanish financial institution is not only a colossus in Latin America, but also a powerhouse in key markets in other regions, including Europe and North America. More recently, it opened a new branch in the Dubai International Financial Centre, giving its Latin America-based private banking clients access to another fast-growing region.

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.

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.

Scotia Wealth Management has further established itself as Jamaica’s premier international private bank over the review period.

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.

Davivienda’s dedication to resilience, innovation and sustainability over the review period ensures it remains the leading Colombian private bank. By integrating cutting-edge digital solutions with robust environmental and social initiatives, Davivienda is shaping a more prosperous, inclusive and green future for Colombia.

Santander Private Banking demonstrated its commitment to service and to the continued development of comprehensive financial solutions for customers during the review period. As a prominent division of Banco Santander, it has established itself as the largest private banking institution in Argentina, catering to the unique needs of wealthy individuals, entrepreneurs and families. The bank leverages its global expertise while adapting to the specific dynamics of the domestic market, providing access to sophisticated financial instruments and strategies designed to maximise returns on client wealth.

LarrainVial’s strong growth, innovative solutions and unwavering client focus make it a deserving recipient of the award for best private bank in Chile. The bank has solidified its reputation as one of Chile’s most prominent and innovative financial services firms, providing comprehensive investment solutions to clients.

A new award for Euromoney in 2025 sees our analysts and our external judges – the latter, a group of veteran private bankers and wealth managers around the world – rule on the best provider of funds services for wealthy clients.

Itaú Unibanco celebrated its century last year. In that time, the group, as well as its wealth management business Itaú Private Bank, have changed the lives of millions of people, in Brazil and across Latin America, for the better.

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.