Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

The 25 biggest private banks in the world

Scorpio Partnership has released its annual Global Private Banking benchmark highlighting the world's biggest private banks by assets under management.

Private banks successfully navigated regulatory and political upheaval last year with assets under management (AUM) up by almost 4% on average, according to Scorpio Partnership.

In its Global Private Banking Benchmark report, Scorpio Partnership said 2016 was a tale of two halves for the global wealth industry, as cost-to-income ratios also fell below 80% for the first time since 2012, reflecting wealth managers' efforts to cut costs despite continued compliance pressures.

But strong profitability masked an underlying struggle to improve revenue, with operating income rising just 0.04% on average.

‘The challenge going forward will be managing the revenue side of the profits equation’, said Caroline Burkart, director at Scorpio Partnership.

‘These firms are experiencing pricing pressure, driven by regulations, the trend for passive investing and the wave of lower-fee competitor models entering the market.

‘Solving the equation will require increased focus on enhancing the proposition with advisory capabilities and improvements to the client experience.’

We highlight the top 25 private banks by assets under management in the benchmark.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.

Private banks successfully navigated regulatory and political upheaval last year with assets under management (AUM) up by almost 4% on average, according to Scorpio Partnership.

In its Global Private Banking Benchmark report, Scorpio Partnership said 2016 was a tale of two halves for the global wealth industry, as cost-to-income ratios also fell below 80% for the first time since 2012, reflecting wealth managers' efforts to cut costs despite continued compliance pressures.

But strong profitability masked an underlying struggle to improve revenue, with operating income rising just 0.04% on average.

‘The challenge going forward will be managing the revenue side of the profits equation’, said Caroline Burkart, director at Scorpio Partnership.

‘These firms are experiencing pricing pressure, driven by regulations, the trend for passive investing and the wave of lower-fee competitor models entering the market.

‘Solving the equation will require increased focus on enhancing the proposition with advisory capabilities and improvements to the client experience.’

We highlight the top 25 private banks by assets under management in the benchmark.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.

25. Crédit Industriel et Commercial (CIC)

AUM 2016: $133.61 billion (£102.34 billion)

Year-on-year growth: 4.1%

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.

24. Bank of China

AUM 2016: $143.99 billion (£110.35 billion)

Year-on-year growth: 23.46%

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.

23. Crédit Agricole

AUM 2016: $160.33 billion (£122.88 billion)

Year-on-year growth: 0.9%

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.

22. Industrial and Commercial Bank of China (ICBC)

AUM 2016: $174.23 billion (£133.51 billion)

Year-on-year growth: 13.81%

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.

21. BNY Mellon

AUM 2016: $204.6 billion (£156.76 billion)

Year-on-year growth: 6.67%

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.

20. Safra Sarasin Group

AUM 2016: $208.4 billion (£159.72 billion)

Year-on-year growth: 7.31%

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.

19. Santander

AUM 2016: $214.82 billion (£164.6 billion)

Year-on-year growth: 9.36%

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.

18. ABN AMRO

AUM 2016: $215.56 billion (£165.16 billion)

Year-on-year growth: 2.86%

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.

17. HSBC

AUM 2016: $222 billion (£170.08 billion)

Year-on-year growth: -14.94%

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.

16. Deutsche Bank

AUM 2016: $227.24 billion (£174.09 billion)

Year-on-year growth: -25.52%

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.

15. China Merchants Bank

AUM 2016: $238.96 billion (£183.07 billion)

Year-on-year growth: 32.54%

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.

14. Pictet

AUM 2016: $246.32 billion (£188.68 billion)

Year-on-year growth: 5.91%

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.

13. Northern Trust

AUM 2016: $248.4 billion (£190.35 billion)

Year-on-year growth: 9.28%

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.

12. BMO Financial Group

AUM 2016: $301.82 billion (£231.25 billion)

Year-on-year growth: 1.94%

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.

11. Julius Baer

AUM 2016: $323.9 billion (£248.2 billion)

Year-on-year growth: 11.96%

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.

10. BNP Paribas

AUM 2016: $361.9 billion (£277.25 billion)

Year-on-year growth: 5.2%

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.

9. Goldman Sachs

AUM 2016: $413 billion (£316.44 billion)

Year-on-year growth: 11.92%

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.

8. JP Morgan

AUM 2016: $435 billion (£333.43 billion)

Year-on-year growth: -0.46%

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.

7. Citi

AUM 2016: $452 billion (£346.32 billion)

Year-on-year growth: 2.96%

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.

6. Credit Suisse

AUM 2016: $719.33 billion (£551.29 billion)

Year-on-year growth: 7.64%

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.

5. Royal Bank of Canada

AUM 2016: $791.13 billion (£606.16 billion)

Year-on-year growth: 13.76%

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.

4. Wells Fargo

AUM 2016: $922 billion (£706.44 billion)

Year-on-year growth: 10.95%

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.

3. Morgan Stanley

AUM 2016: $1,950 billion (£1,494.48 billion)

Year-on-year growth: 6.21%

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.

2. Bank of America

AUM 2016: $1,971.97 billion (£1,511.32 billion)

Year-on-year growth: 1.55%

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.

1. UBS

AUM 2016: $2,068.67 billion (£1,585.01 billion)

Year-on-year growth: 6.36%

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Mark Barnett - part 2: why I'm not buying Lloyds

Mark Barnett - part 2: why I'm not buying Lloyds

In the second part of our exclusive video interview, Barnett explains why he has no intention of buying Lloyds, and where he sees the greatest income opportunities.

Play Wealth managers reveal the best investment ideas of the year

Wealth managers reveal the best investment ideas of the year

From robotics to impact investing, wealth managers share the best ideas they have heard this year.

Play Baillie Gifford's Earnshaw on Xi Jinping's 'new era'

Baillie Gifford's Earnshaw on Xi Jinping's 'new era'

Sophie Earnshaw talks through what Xi Jinping's 'new era' means for investors. and why Chinese tech offers some of best growth stocks in the world.

Read More
Your Business: Cover Star Club

Profile: JM Finn on why the future is with financial planners

Profile: JM Finn on why the future is with financial planners

There is a lot of work on pension consolidation and Sipps have been a big driver there, says JM Finn chief executive

Wealth Manager on Twitter