Global Finance named the best private Bank in the world

Global Finance magazine has published the list of prize winners World’s Best Banks Awards Private-2017. Best private Bank in the world magazine has named UBS — Switzerland’s largest financial conglomerate. Last year the minimum threshold of entrance to UBS ranged from $2 million the Banker Magazine in 2014 called UBS Wealth Management the best in the world in the field of private banking.

The winners were selected based on their financial metrics, marketing research, consultations with bankers, managers of financial companies and analysts, as well as reviews of customers using private banking services worldwide. “For individuals around the world have unprecedented amounts of money, the number of millionaires and billionaires is growing in every region of the world. Although wealthy people are often perceived as a single group, they have very different needs, whether it be the preservation of inherited status or a control condition, received from entrepreneurial activities,” said Global Finance publisher Joseph Giarraputo.

The best boutique Bank in this rating was called the Swiss Banque Syz, the most innovative Bank American Citi. Best in emerging markets was recognized by the Brazilian Itaú Unibanco, the best Bank for investments, Singapore’s United Overseas Bank (UOB). Best for entrepreneurs was the U.S. Northern Trust, senior managers- Morgan Stanley. Singapore’s DBS Bank was named best for the Millennials (the generation born after 1981, characterized by a deep involvement in digital technology. —).

Best private Bank for capital less than $1 million was the Spanish Santander, the capital from $1 million to $25 million from DBS Bank for capital over $25 million — the American JP Morgan.

The best in the region of Central and Eastern Europe Global Finance names the Italian Unicredit, in Russia — Sberbank. Raiffeisen Bank was the best in two countries — Romania and Croatia. The best in Switzerland, was recognized by Julius Baer. Another Swiss Bank, Credit Suisse has been named best in Japan.

The Global Finance magazine founded in 1987. The publication has more than 50.1 thousand subscribers in 180 countries. Its target audience — top managers of large corporations and financial institutions responsible for the investment and strategic decisions as well as portfolio investors. The magazine belongs to the company Global Finance Media, whose principal owner is an Italian publishing house Class Editori, which produces, in particular, the business newspaper MF Milano Finanza and Italia Oggi, and managing Director Class CNBC TV channel broadcasting news in business and Finance.