Asia’s private banking AUM reached US$4 trillion
Aggressive growth reshapes the pecking order
Asia’s private banking assets under management (AUM) surged to an unprecedented peak in 2025. Growing at an average of 23%, the latest rankings highlight powerful momentum and a new baseline for competition. A familiar name has entered the table, while another has made a historic leap into the top three — showing that even established giants must continually defend their position.
Wealth continuum Asia AUM crosses US$2 trillion milestone
All players now above US$150 billion
Driven by rising demand across the wealth continuum, every bank in the rankings now manages more than US$150 billion, lifting total continuum AUM in Asia to over US$2 trillion. With an average growth of 18%, players are increasingly leaning into Asia’s expanding wealth opportunity.
Hiring slows as banks turn selective on RMs
Most private banks did not expand Asia headcount
While a few posted double-digit growth in relationship manager (RM) numbers, nearly half of the players in the league table reported flat or declining RM headcount. The trend reflects ongoing industry restructuring in recent years, as well as a sharper focus on selectivity over expansion.
DPM rankings sharpen with new AUM estimates
Clearer view of Asia DPM rankings
A refreshed methodology now reveals estimated Asia discretionary portfolio management (DPM) AUM across private banks, offering a clearer basis for comparison. While only one bank saw a meaningful jump in DPM penetration, the updated format reshapes how leaders in the segment are ranked.
Sustainable investing grows—but remains niche
Fast expansion from a low base
Global sustainable investment AUM continues to expand, posting 21% growth and outpacing overall private banking AUM growth. However, it still represents a relatively small share of total industry assets, underscoring its early-stage positioning within private banking portfolios.
