UBS, the world’s largest wealth manager, has shown again that size matters by sweeping the board at this year’s Euromoney Private Banking Aw...

UBS, the world’s largest wealth manager, has shown again that size matters by sweeping the board at this year’s Euromoney Private Banking Awards. The Swiss bank topped a global peer poll for the second year running, beating Citigroup and HSBC into second and third places, also for the second year in a row. Euromoney asked respondents to the poll to rank the private bank, other than their own, that they most admired. UBS also came top in top in most of the sub-categories including philanthropic services, hedge funds, equities, fixed income, real estate, art, family office, relationship management and tax advice. Citigroup topped the poll in both the managed futures and FX categories, whilst the accolade in the structured products department went to SG. Outside the top three, Credit Suisse was unchanged at number four globally and Merrill Lynch rose from six to number five. The biggest mover was Deutsche, up six places from 12 to six. French private banks BNP Paribas and SG joined the top ten this year at number eight (last year 13) and nine (last year 14). Propping up the top ten was ABN Amro, down from last year’s number seven slot. Coutts dropped out of the top ten this year, falling eight places to number 18. Other big names not making the top ten included Barclays, Pictet, Goldman Sachs and Morgan Stanley.