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 detailed breakdown of its private client assets under management to Scorpio for the first time.
Deutsche Bank Private Banking, Citigroup Private Bank, Merrill Lynch International Bank, HSBC Republic and BNP Paribas complete the list.