“UBS Global Wealth Management APAC (UBS GWM APAC) has been recognised as Best Private Bank – Australia for its successful execution of a strategic roadmap that bridges local expertise with global institutional standards,” said Audrey Raj, editor of Asian Private Banker.

“Over the past year, the bank has demonstrated exceptional growth in the Australian market, recording a significant year-on-year increase in total revenues and assets. This performance is underpinned by a high-quality revenue mix, with net interest income and recurring revenues accounting for the vast majority of the total, substantially reducing reliance on transactional activity. Furthermore, the bank maintained a disciplined cost-to-income ratio, showcasing operational efficiency even as it prepares for further expansion.

“UBS GWM’s investment performance remains a primary differentiator. Its flagship discretionary portfolios have delivered robust returns for Australian clients, while specialised Australian equities and global AI portfolios also notably outperformed their benchmarks. These results are supported by a refreshed Advisory & Solutions model that assigns dedicated specialists to high-value clients, ensuring proactive portfolio monitoring and sophisticated risk management.

“The bank’s commitment to the Australian market is further evidenced by its expanding national footprint into Perth and Brisbane, alongside the launch of an Australian Offshore Desk in Singapore to provide global connectivity. Combined with innovative solutions such as the MyWay discretionary offering, which is being introduced for the Australian market, and the Optimus Foundation Australia DAF, UBS GWM continues to set the benchmark for private banking excellence in Australia.

“For these achievements, UBS GWM APAC has been awarded Best Private Bank – Australia by the judging panel. Kudos to the team!”