Private banks are financial institutions that offer services to high-net-worth individuals. They work according to the client’s needs to meet the specific target such as wealth management, assets management, investment planning, and advice.
As per recent fiscal year records, JPMorgan Private Bank and UBS are the largest private banks in the world by aum with $3.11 and $3.1 trillion USD respectively.
List Of The 10 Largest Private Banks In The World
Here is the list of the top 10 largest private banks in the world by Aum as per recent fiscal year records.
JPMorgan Private Bank
A USA-based bank that is the biggest bank in North America and one of the most secure banks in the country. It is also entitled to “World’s Best Private Bank” in 2022 by Global Finance.
According to the recent fiscal year, the bank carries $3.11 trillion USD in Asset Under Management. The bank have also a large amount of market capitalization in the world. If you are looking for the best bank for high-net-worth individuals then JPMorgan is a considerable choice.
UBS (A Leading Private Bank)
A Switzerland-based bank that is rapidly growing among the top private banks in the world and winning the tag of the best private bank.
The bank is working on different divisions such as asset management and investment banking, and giving the best quality services across the globe.
As per recent fiscal year records, the bank carries $3.1 trillion USD in Asset Under Management.
Goldman Sachs
One of the leading financial institutions in the USA that provides various services to investors, corporates, and the government. For a private wealth management account, one must invest at least $10 million USD to open the account.
Some of the top financial services that Goldman Sachs provides are the followings:
- Investment Banking
- Investment Management
- Raetil Banking and Investment Securities
As per recent fiscal year records, the bank carries $2.4 trillion USD in Asset Under Management.
Citigroup
Another USA-based company that plays a vital role in the development and economic growth of the country.
The bank provides various services such as lending, investment banking, and retail banking, works with government sectors, provides high net-worth individuals, and correspondent banking.
As per recent fiscal year records, the bank carries $2.3 trillion USD in Asset Under Management. And the bank is also listed as one of the biggest banks in the world
Bank Of America
Of the leading financial institutions that make high revenue across the globe. The bank provides different services such as investment management, wealth management, investment planning, and asset management.
Bank of America provides services to many clients such as personal or corporate clients and also works for government agencies.
As per recent fiscal year records, the bank carries $1.57 trillion USD in Asset Under Management. The Bank of America is also known for its large number of deposits across the globe.
Credit Suisse
A bank from Switzerland that operates across the globe and is one of the largest private banks in the world by aum.
The bank provides different services to the clients such as investment and wealth management, investment planning, investment banking, and retail banking. Currently, Credit Suisse provides more than 50,000 individual clients across the globe.
As per recent fiscal year records, the Credit Suisse bank carries $1.5 trillion USD in Asset Under Management.
Morgan Stanley
One of the most secure financial institutions based in the USA that is specialized in the field of market capital, investment baking, property planning, and private banking.
The bank has thousands of branches across the globe with thousands of employees that provide quality service to clients.
The bank operates in 40-plus countries in the world and also takes part in research and trading services.
As per recent fiscal year records, the bank carries $1.3 trillion USD in Asset Under Management.
BNP Paribas
An international bank that is located in France, and works in more than 65 countries around the world.
The banks have more than twenty-eight million clients in personal banking while more than thirty-five million clients are in retail banking.
The banks offer different products such as personal and retail banking, corporate and investment banking, asset management, and investment planning.
The bank is also listed as one of the most significant banks in the world by investment income and by the highest net interest income across the globe.
As per recent fiscal year records, the bank carries $530 billion USD in Asset Under Management.
Julius Baer
A Switzerland-based bank that works across the globe, especially in the field of wealth management. Their main focus is creating wealth as a wealth manager and beyond wealth.
As per recent fiscal year records, the bank carries $496 billion USD in Asset Under Management.
Deutsche Bank
A Leading bank in Germany that operates across the world and provide different services to the clients such as investment and retail banking, Asset, and wealth management, Investment planning, etc.
Deutsche is one of the largest private banks in the world with $300 billion USD in Asset Under Management.
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