Stable and sustained growth

UBS has consistently held the top position for private banking RM headcount in Asia for the past five years. Credit Suisse held second place from 2019 to 2021 but was overtaken by DBS in 2022, one year before its collapse.

In 2023, Citi Wealth entered the league table at fourth place. Meanwhile, Credit Suisse merged with UBS and the combined entity became the private bank with the most RMs in Asia by a significant margin.

With a five-year compound annual growth rate (CAGR) of 8% and a three-year CAGR of 7%, RM headcount in Asia’s private banking industry has been rising consistently.