Private Banker International (PBI) revealed the winners for the third annual Private Banker International Awards: London 2016. This year’s winners were commemorated at a gala dinner ceremony at the Waldorf Astoria Hotel in London on 15 June 2016.
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The Europe-focused awards celebrate the best among the private banks that are successfully serving wealthy clients across the region and act as a benchmark for excellence in the private banking industry.
There were 12 contested award categories alongside an Editor’s Special award. Citi Private Bank scooped up three awards – Outstanding Private Bank in the UK serving International Clients, Outstanding Private Bank for Next Generation Proposition and Outstanding Private Bank for UHNW Clients. Societe Generale Private Banking and Coutts claimed two awards each. The Editor’s Special Award for Most Innovative Business Model went to Swiss bank, Reyl & Cie.
The awards were preceded by an all-day conference that debated some of the most pertinent issues prevalent in the UK and European private banking markets – ranging from regulations, M&A activity, asset allocations, client and advisor experience, as well as London’s position as a global wealth management hub.
Speakers and industry experts gathered to discuss the importance of new strategies, best practices and latest trends in the industry and the challenges of implementing innovative technological solutions.
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By GlobalDataMeghna Mukerjee, Editor of Private Banker International, says: "The Private Banker International: London Conference and Awards have gathered significant momentum in the last three years and this year was our biggest event yet. The calibre and quality of the PBI Europe Awards submissions were extremely high. We added five new awards categories this year that were enthusiastically received by the industry.
"The award winners of 2016 exhibited a clear direction in their improved strategies and truly honed in on their strengths as institutions. These players are shaping the future of the private banking industry across Europe and have demonstrated their worth through their market leading initiatives, excellence and expertise."
The 2016 Private Banker International : London Awards winners are:
Outstanding Private Bank – UK – International Clients
Citi Private Bank
Highly Commended mention:
HSBC Private Bank UK
Outstanding Private Bank – UK – Domestic Clients
Coutts
Highly Commended mention:
C. Hoares & Co
Outstanding Private Bank – UK Crown dependencies
Societe Generale Private Banking Hambros
Highly Commended mention:
Standard Bank Wealth & Investment
Outstanding Private Banking Boutique – Europe
Arbuthnot Latham & Co., Ltd
Outstanding Private Bank – Western European region
BNP Paribas Wealth Management
Outstanding Wealth Management Technology Provider – Middle and Back office (Vendor)
Avaloq
Highly Commended mention:
Ortec
Outstanding Digital Solutions Provider (Vendor)
Objectway Financial Software
Highly Commended mention:
Appway
Most Innovative Business Model (Editor’s Special Award)
Reyl & Cie
Outstanding Private Banking Technology Platform Offering
Barclays Wealth and Investment Management
Outstanding Private Bank for Next Generation Proposition
Citi Private Bank
Outstanding Private Bank for Philanthropy Proposition
Coutts
Outstanding Private Bank for UHNW Clients
Citi Private Bank
Outstanding Private Banking Customer Relationship Service and Engagement
Societe Generale Private Banking
