“U.S. and Swiss-based institutions continue to dominate the higher reaches of the ranking,” PAM Insight said. “The vast majority of banks in this year’s ranking reported an increase in assets under management.”
The 50 wealth managers tracked by PAM Insight grew client assets by 11 percent on average in 2013, even as some banks shrank their international private-banking operations to shore up balance sheets and meet new rules on capital adequacy. Banks sold businesses or refocused operations in some regions, according to PAM Insight.
Coutts, a private-banking arm of
While reorganizing private-banking units “may have a positive impact on profits over the longer term, it has done little to help boost assets under management in the short term,”
Julius Baer has said it expects to absorb toward the lower end of a range of
The ranking was based on private client discretionary and advisory assets under management and excluded credit, execution- only brokerage assets and assets under custody or administration.
2013 Ranking — AUM ($Bln)
1. UBS — 2,0552.
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