For this survey, private banking is defined as banking services targeted at wealthy clients (those with investable assets of $1mln+). The most obvious respondents would be customers, but given their desire for secrecy and the issues of finding a representative sample this is problematic. We have therefore asked the private banks and wealth managers themselves to identify the firms that they consider to be their top competitors – it is therefore a peer review. Participating private banks and wealth managers were sent an online questionnaire by email, or were able to access the questionnaire directly from the homepage at www.euromoney.com. The survey results are based on the scores from peer nominations received and voter participation points. There was also a market feedback section at the end of the survey which was of editorial interest only and not scored for the rankings.
February 06, 2019