BEST PRIVATE BANK – FAMILY OFFICE SERVICES
Occupying a unique space between UHNW and institutional investors, family offices have a complex set of needs that span the financial and non-financial, and thereby demand from private banks a holistic offering that goes beyond competitive pricing and deal flow.
This is where UBS excels. With a long standing presence in Asia and a deep penetration of the region’s UHNW individuals and families, UBS’ dedicated Global Family Office set-up – a joint venture between UBS’ investment bank and wealth management arm – leverages the best of the group to cater to family offices across all stages of their development.
The Global Family Office provides clients with direct access to over 80 UHNW-focused in-house experts globally – 20 of whom sit in Asia – and a menu of family-specific services covering wealth structuring, governance, philanthropy advisory and next-gen.
Furthermore, clients enjoy privileged access to institutional-level trading and execution capabilities, IB strategists and analysts on a one-on-one basis, institutional platforms including prime brokerage in Hong Kong and London and proprietary private deal opportunities via UBS and third parties.
UBS has also established itself as a thought leader in the global family office space: its annual surveys remain a benchmark in the industry, while annual global and regional family office summits held in Asia and Europe bring together movers and shakers to engage and share on issues impacting family offices.
Anecdotally, too, family offices tell Asian Private Banker that their experience with UBS in 2016 has been nothing short of exemplary; and while this feedback does not directly inform the adjudication process, the fact that the Global Family Office in Asia has achieved positive growth across all key metrics in 2016 speaks to the satisfaction of its clients.
“Our Global Family Office is run by experienced senior managers and specialists from across the firm who provide institutionalised coverage to sophisticated family offices,” says Enrico Mattoli, head of global family office Greater China, UBS. “We are dedicated to investing in back to front platform to source, tailor and execute opportunities for our clients. In addition, we also help connect family offices in APAC with their peers across the globe. I would say family office is the most exciting space to be in banking right now!”
UBS is Asian Private Banker’s Best Private Bank – Family Office Services for 2016.