Awards for Distinction 2017 Press Release

Credit Suisse named Asia Pacific’s best private bank for the third consecutive year

Hong Kong, 12 January 2018 — Credit Suisse emerged as the big winner of Asian Private Banker’s Awards For Distinction 2017 with eleven awards, including Best Private Bank – Asia Pacific, Best Private Bank – Hong Kong and Best Private Bank – UHNW Services. This is the third consecutive year Credit Suisse has been named APAC’s best private bank.

Bank of Singapore took home the title of Best Private Bank – Singapore for the sixth time; Best Private Bank – China Domestic went to China Merchants Bank on the tenth anniversary of its private banking business, while Union Bancaire Privée, for the first time, was chosen as 2017’s best pure play private bank in Asia, having achieved consistent and quality growth following its Coutts acquisition.

Of the most highly-coveted — and contested — products and services categories in 2017, UBS took the title of Best Private Bank – Discretionary Portfolio Management and was named Asia’s best private bank for HNW Services and CIO Office. Meanwhile, BNP Paribas took home Best Private Bank – Advisory Services and Goldman Sachs was awarded Best Private Bank – Alternative Investments along with three other major accolades.

This was the most competitive Awards For Distinction on record, with the Judging Panel receiving approximately 140 submissions from around 40 institutions with private banking facilities across the Asia Pacific, India and the Middle East. “Asia’s private banking industry enjoyed a stellar 2017 on account of strong markets and client activity. This year’s winners — for all their differences — share a number of important qualities that set them apart from their peers, including a sharp focus on raising productivity and efficiency levels; a heightened awareness of market niche and value proposition, and the ability to mobilise the business accordingly; a willingness to innovate in a pragmatic and cost-efficient manner where appropriate; and a strong sense of fiduciary responsibility,” says Sebastian Enberg, Editor, Asian Private Banker.

Please see the following for the full list of winners.

Awards for Distinction 2017 – Winners

For full details, please visit our website: apb.news/afd2017

Best Private Bank – Asia Pacific: Credit Suisse
Private Banker of the Year: Ronald S. Lee, Goldman Sachs
COO of the Year: Geoffroy de Ridder, UBS
CIO Office of the Year: UBS
Best Private Bank – Pure Play: Union Bancaire Privée
Best Private Bank – HNW Services: UBS
Best Private Bank – UHNW Services: Credit Suisse
Employer of the Year: Goldman Sachs
Best Private Bank – Hong Kong: Credit Suisse
Best Private Bank – Singapore: Bank of Singapore
Best Private Bank – Australia: Credit Suisse
Best Private Bank – China Domestic: China Merchants Bank
Best Wealth Manager – China Domestic: Noah Holdings
Best Private Bank – China International: Goldman Sachs
Best Private Bank – Philippines Domestic: BDO
Best Private Bank – Philippines International: Julius Baer
Best Private Bank – Indonesia Domestic: Bank Mandiri
Best Private Bank – Indonesia International: Credit Suisse
Best Private Bank – Malaysia Domestic: Maybank
Best Private Bank – Malaysia International: Credit Suisse
Best Private Bank – Taiwan Domestic: UBS
Best Private Bank – Taiwan International: UBS
Best Private Bank – Middle East: Emirates NBD
Best Private Bank – India Domestic: BNP Paribas
Best Private Bank – NRI: Bank of Singapore
Best Wealth Manager – India Domestic: IIFL Investment Managers Wealth Management
Best Private Bank – Thailand Domestic: Kasikornbank
Best Private Bank – Thailand International: Credit Suisse
Best Private Bank – Family Office Services: UBS
Best Private Bank – IAM Services: Julius Baer
Best Private Bank – Discretionary Portfolio Management: UBS
Best Private Bank – Advisory Services: BNP Paribas
Best Private Bank – Fund Advisory Services: Credit Suisse
Best Private Bank – Alternative Investments: Goldman Sachs
Best Private Bank – Wealth Planning Services: Credit Suisse
Best Private Bank – Philanthropic Services: UBS
Best Private Bank – Next Generation Programme: UBS
Best Private Bank – Digital Experience: Credit Suisse
Best Private Bank – Tech Disruption: UBS
Best Private Bank – Training & Development: Bank of Singapore
Best Private Bank – Corporate Social Responsibility: Credit Suisse

Awards for Distinction 2017 – Excellence

Asia Pacific: Julius Baer
CIO Office of the Year: Credit Suisse
Pure Play: Julius Baer
HNW Services: EFG
UHNW Services: Goldman Sachs
Hong Kong: Union Bancaire Privée
Singapore: Credit Suisse
Singapore: United Overseas Bank
China International: Credit Suisse
China International: Morgan Stanley
Private Bank – China Domestic: Bank of China
Wealth Manager – China Domestic: CreditEase
NRI: BNP Paribas
Private Bank – India Domestic: Standard Chartered
Wealth Manager – India Domestic: Edelweiss
Taiwan International: EFG
Philippines International: Bank of Singapore
Discretionary Portfolio Management: BNP Paribas
Discretionary Portfolio Management: Goldman Sachs
Discretionary Portfolio Management: Lombard Odier
Fund Advisory Services: Julius Baer

Awards for Distinction 2017 – One to Watch

Hong Kong: China Merchants Bank
Private Bank – China Domestic: China Minsheng Bank
Wealth Manager – India Domestic: ASK Wealth Management
Taiwan Domestic: Cathay United Bank

AWARDS FOR DISTINCTION

The Asian Private Banker Awards for Distinction recognise private banking institutions with outstanding performance in the region’s private banking and wealth management industry. Since 2011, the Asian Private Banker Awards for Distinction have set the standard for excellence in private banking in Asia Pacific.

For further information and detailed selection methodology, please visit: apb.news/afd2017

ASIAN PRIVATE BANKER

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CONTACT
Gigi Lam – Editorial Executive
Telephone: (+852) 3703 9566
Email: gigi.l@asianprivatebanker.com