UBS maintains top spot on private bank poll

Despite tough markets in 2001, the global top-10 private banks grew assets under management by 8%.

UBS Private Banking has maintained its number-one ranking in terms of global private banking assets under management, according to Scorpio Partnership, a London-based global wealth management think tank. UBS manages $433 billion, up from $416 billion in 2000, dominating the benchmark. The runner-up, Morgan Stanley Dean Witter, has a mere $292 billion under its belt, up from $193 billion.

Rounding out the top five are Credit Suisse Private Banking, JPMorgan Chase Private Bank and Goldman Sachs, which released a...

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