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April 17, 2009updated 05 Jun 2017 11:40am

The PBI Awards 2009: The most sought-after prize in wealth

Nominations are now being accepted for the 2009 Private Banker International 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 the most testing period in global private bankings recent history.

By PBI Editorial

Nominations are now being accepted for the 2009 Private Banker International 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 the most testing period in global private banking’s recent history.

The attrition in client managed assets, the string of huge banking mergers and acquisitions and the effective state-control of a number of leading institutions in the US and Europe mean that this year there are likely to be sweeping changes in the way that wealth leaders are perceived.

The flight to quality by concerned clients means that medium-sized and even smaller institutions and boutiques have made huge gains at the cost of their larger rivals.

The editors of PBI are now opening up the nomination process for the awards. PBI’s worldwide readership of wealth professionals are invited to submit nominations in the various categories.

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 businesses 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.

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.

PBI’s readers are consequently asked to submit nominations for their chosen institution and/or individual and reasons for their choices in the various categories. This, of course, allows for nominations from your own institution, telling us the reasons you think that your company qualifies for our awards programme. 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 in the leading financial centres (see below for details and how to nominate).

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