The 15 biggest wealth managers in the world
UBS tops the rankings with $2,402.8 billion AUM, over double that of its closest rival. China Merchants Bank also entered the top 10 in 2017 and was the first Chinese bank ever to do so.
Much of this success is the result of greater wealth across the Asia-Pacific region and growing interest in professional management by the high-net worth individuals there. This meant Chinese growth was about 3.5% higher then the rest of the top wealth managers, according to the research by GlobalData and Private Banker International.
Deutsche Bank, EFG International and ABN Amro were the only wealth managers in the ranking to lose ground in 2017.
15. The Industrial and Commercial Bank of China (ICBC) - $206 billion
14. Wells Fargo - $248 billion
13. Deutsche Bank Wealth Management - $256.8 billion
12. HSBC Private Bank - $258 billion
11. Northern Trust - $289.8 billion
10. China Merchants Bank - $292.8 billion
9. Julius Baer - $388.3 billion
8. Goldman Sachs - $394.3 billion
7. BNP Paribas Wealth Management - $436.7 billion
6. Citi Private Bank - $460 billion
5. J.P.Morgan Private Bank - $526 billion
4. Credit Suisse - $792 billion
3. Morgan Stanley - $1,045 billion
2. Bank of America Merrill Lynch - $1,080 billion
1. UBS - $2,403 billion
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