Winners Rationale

“Indosuez Wealth Management (Indosuez WM) has delivered a strong performance across Southeast Asia, demonstrating both strategic execution and operational excellence. The bank achieved an increase across all revenue streams, benefiting not only from transactional business but also from commissions on life insurance products. This translated into record net new assets and revenue growth, underpinned by disciplined cost management and a significant reduction in the cost-to-income ratio,” said Audrey Raj, editor of Asian Private Banker. 

“Crucially, the bank’s performance reflects not only higher revenues but also better-quality, more diversified income. Recurring revenues have grown, and penetration in discretionary portfolio management (DPM) continues to expand. Around 20% of relationship managers now include DPM in their client portfolios, with 60% of mandates tailor-made for high-value clients. 

“The bank’s transactional business has performed exceptionally well, while tailored investment solutions continue to drive engagement with UHNW clients. Southeast Asia assets under management grew significantly year-on-year, further reflecting strong client confidence and effective business strategy.

“The region remains a balanced and dynamic market for Indosuez WM, with Indonesia, Malaysia, Thailand, and Singapore all contributing meaningfully. Growth has been supported by targeted recruitments that reinforce the bank’s expertise and client coverage across key markets. 

“By combining diversified revenue streams, bespoke client solutions, and targeted regional expansion, Indosuez WM has set a benchmark for excellence in boutique private banking, making it a deserving winner of the Best Boutique Private Bank – Southeast Asia award. Congratulations to Laurent Proutière and the team!”