Nominations are now being accepted for the 2010 PBI Global Wealth Awards. Considered to be the most prestigious accolades in the wealth industry for excellence and best practice, winners are due to be announced this October.
The awards are particularly relevant this year as the wealth industry adapts to a new investment climate fundamentally altered by the impact of the global financial crisis.
Larger banks have been battling to stem the outflow of client managed assets, banking mergers and acquisitions have continued meaning banks are reviewing what they offer clients and how they manage relationships.
The flight to quality by concerned clients means that medium-sized and even smaller institutions and boutiques continue to make gains at the cost of their larger rivals.
Calling all industry leaders
These tributes to the best-of-breed players aim, above all, to be fair and objective benchmarks for the global private banking and wealth management business as a whole.
The awards have been created to identify industry leaders and those individuals and organisations that are setting new standards.
Crucially, they will identify the best practice institutions – those that have done the most in the past year to advance and strengthen wealth management as an industry.
This year we have launched a new award, Outstanding Philanthropy Offering, designed to recognise the increasing importance of philanthropic services to private wealth clients.
Nomination process explained
The nomination process for the awards has now opened and closes on 2 July. PBI’s worldwide readership of wealth professionals are invited to submit nominations in the various categories.
To increase comparability this year, we ask that all entries are made using our official nomination forms. Entry forms can be downloaded from: 2010 Private Banker International Wealth Summit; or requested by emailing PBI editor: email@example.com (see below for details on how to submit your nomination).
The criteria for the awards include the ability of institutions to demonstrate a clear and unique strategy to position and grow their business, regionally or globally, those that have made the most investment in people and systems to develop their business; those showing most innovation in products/services; those with demonstrably superior client services and customer relationship management skills; and institutions that have strengthened and extended the global reach of their brands.
From the nominations, three institutions or individuals will be short-listed for each award. The final selection will be made by PBI’s advisory board, made up of independent specialists in wealth management.
Winners will be announced during the PBI Wealth Summit in Singapore in late October. Exact dates for the summit will be confirmed next month.
The categories are:
- Outstanding Global Private Bank
- Outstanding Private Bank – Asia Pacific
- Outstanding Private Bank – Europe
- Outstanding Private Bank – North America
- Outstanding Private Bank – Latin America
- Outstanding Private Bank – Middle East
- Outstanding Private Bank for UHNW clients
- Outstanding Philanthropy Offering
- Outstanding Wealth Management Service for the Affluent
- Outstanding Wealth Manager – Customer Relationship Skills
- Outstanding Global Family Office
- Outstanding Offshore Private Bank
- Outstanding Global Private Banker
- Outstanding Private Banker – Asia-Pacific
- Outstanding Young Private Banker (<40)
- Lifetime Services Award
To submit your nomination
Fax: +44 (0)20 7563 5602