Euromoney predicted last month that ANZ would sell its retail and wealth management businesses to a Singaporean bank; it turns out it was already in the works. Both DBS and ANZ gain from a practical deal, though it won’t be quite as simple as it looks

China’s leading lenders are opening private banking offices across the world to cater to their wealthiest clients. But all global wealth managers face the same challenges: rising regulations; the need to maximize internal resources by targeting the right markets and clients; and the rise of technology.

We invited all private banks and wealth managers to participate in the survey by completing our online questionnaire.

Phil Di Iorio, global chief executive of JPMorgan Private Bank, has announced he is retiring at the end of the year

UBS Americas teams up with robo-adviser; small business owners the new target market.

Mohamed Mansour’s decision to build his own business to manage his family’s wealth and staff it with seasoned investment bankers was dismissed by some. But six years after its formation, the billionaire’s brainstorm – a hybrid of family office, private equity firm and investment bank – is being praised and even emulated.

India has been a tough market for global wealth managers, ground down by rising costs and regulation. But private wealth is growing fast, offering long-term profit for those with patience and persistence.

UBS’s wealth management chief used a crisis to reinvent the bank’s core business. Even competitors admit that he also took the whole industry in a better direction.

The world’s leading private banks still haven’t resolved the conflict between advising their clients and investing their assets. A decade ago, many wanted out of asset management. Now they want back in. The ensuing confusion has left a gap that pure-play asset managers are finally beginning to fill.

Few banks have navigated turbulent times so well, posting record revenues on the back of strong net inflows and rising markets.

JPMorgan Private Bank clients enjoy the best of both worlds: an intimate relationship with a US lender that is allied to the power of a genuinely global financial leader. It is led by Mary Callahan Erdoes.

In the US, JPMorgan has 55 dedicated private banking offices, from Austin to Seattle, and Cincinnati to Fort Lauderdale. Elsewhere, it focuses heavily on serving high and ultra-high net-worth customers in Europe, where it has eight offices, including the UK and Germany, Asia, through Hong Kong and Singapore, and Latin America, with clients served out of Miami, New York and Switzerland.

JPMorgan Private Bank wins this year’s top award, as well as being named the world’s best private bank for ultra-high-net-worth individuals 2023, and the world’s best private bank for investment research 2023.

The global wealth expert has expanded its vision, horizon and profits this year

The great financial innovator shone again in global wealth management.