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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.

This year’s Global Private Banking Benchmark Report makes for sober reading with the industry facing tough challenges ahead to achieve growth.

The report by Scorpio Partnership shows that 2015 saw a notable slowdown in assets under management growth for the majority of private banks.

‘In spite of the tough times currently, the industry still has a positive future,’ said Sebastian Dovey (pictured), managing partner at Scorpio Partnership.

‘Ultimately, the market leaders have focused aggressively on improving their cost-effectiveness in their operating models in order to weather the storm as best as possible. But private banks will now need to become much better informed on what to do next to generate the best outcomes for client experience from a new assets and growth perspective.’

Click through to see who made the cut this year.

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This year’s Global Private Banking Benchmark Report makes for sober reading with the industry facing tough challenges ahead to achieve growth.

The report by Scorpio Partnership shows that 2015 saw a notable slowdown in assets under management growth for the majority of private banks.

‘In spite of the tough times currently, the industry still has a positive future,’ said Sebastian Dovey (pictured), managing partner at Scorpio Partnership.

‘Ultimately, the market leaders have focused aggressively on improving their cost-effectiveness in their operating models in order to weather the storm as best as possible. But private banks will now need to become much better informed on what to do next to generate the best outcomes for client experience from a new assets and growth perspective.’

Click through to see who made the cut this year.

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25. CIC

AUM 2015: $133.3 billion (£100.8 billion)

Year-on-year growth: 9.9%

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24. Lombard Odier

AUM 2015: $133.6 billion

Year-on-year growth: -1.6%

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23. ICBC

AUM 2015: $154.1 billion

Year-on-year growth: 35.9%

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22. Credit Agricole

AUM 2015: $165 billion

Year-on-year growth: 7.1%

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21. BNY Mellon

AUM 2015: $191.8 billion

Year-on-year growth: 0.4%

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20. China Merchants Bank

AUM 2015: $192.9 billion

Year-on-year growth: 66.4%

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19. Safra Sarasin Group

AUM 2015: $194.2 billion

Year-on-year growth: -8.9%

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18. Santander

AUM 2015: $204.8 billion

Year-on-year growth: 5.7%

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17. ABN Amro

AUM 2015: $217.4 billion

Year-on-year growth: 4.2%

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16. Wells Fargo

AUM 2015: $225 billion

Year-on-year growth: 0%

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15. Northern Trust

AUM 2015: $227.3 billion

Year-on-year growth: 1.2%

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14. Pictet

AUM 2015: $239.2 billion

Year-on-year growth: 0.4%

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13. HSBC

AUM 2015: $261.0 billion

Year-on-year growth: -5.1%

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12. BMO Financial Group

AUM 2015: $287.0 billion

Year-on-year growth: 4.8%

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11. Julius Baer

AUM 2015: $297.5 billion

Year-on-year growth: 3%

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10. Deutsche Bank

AUM 2015: $311.4 billion

Year-on-year growth: 3.6%

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9. BNP Paribas

AUM 2015: $357.3 billion

Year-on-year growth: 6.2%

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8. Goldman Sachs

AUM 2015: $369 billion

Year-on-year growth: 1.7%

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7. JP Morgan

AUM 2015: $437 billion

Year-on-year growth: 2.1%

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6. Citi

AUM 2015: $508.5 billion

Year-on-year growth: -7.6%

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5. Royal Bank of Canada

AUM 2015: $620.9 billion

Year-on-year growth: 5.1%

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4. Credit Suisse

AUM 2015: $687.3 billion

Year-on-year growth: -7.1%

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3. Morgan Stanley

AUM 2015: $1,439.4 billion

Year-on-year growth: -2.8%

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2. Bank of America Merrill Lynch

AUM 2015: $1,444.8 billion

Year-on-year growth: -2.1%

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1. UBS

AUM 2015: $1,737.5 billion

Year-on-year growth: -0.5%

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