London, November 6 – UBS announced today that the firm has been awarded "Best Global Private Bank,” “Best Private Bank for Impact and Sustainable Investing" and "Best Private Bank in Asia" for 2020, by Professional Wealth Management and The Banker. Winners were announced during the 12th annual awards ceremony, held virtually this year due to the COVID-19 pandemic.
A panel of 15 industry professionals based in North America, Asia, Europe and the Middle East judged entries on factors including how much the bank has progressed, how it looks after clients, how well it adapts to people‘s changing investment needs, and its ability to connect with future generations.
“When UBS brings together its best talent, scale and resources from around the firm, we create a competitive advantage that's unmatched,” said Tom Naratil, Co-President UBS Global Wealth Management and President UBS Americas. “The team’s focus, their agility and their hard work really made all the difference.”
“Wealth management is about people and relationships. It’s about being there for clients when they need you the most,” Iqbal Khan, Co-President UBS Global Wealth Management added. “Tom and I could not be prouder of how the team has delivered.”
This latest recognition caps a successful year in which UBS has won numerous accolades including the “World’s Best Bank for Wealth Management” at the 2020 Euromoney Awards for Excellence. UBS was also one of the first wealth manager’s in the industry to announce that sustainable investments are now the firm’s preferred solution for private clients investing globally.
“We believe that sustainable investing will prove to be one of the most exciting and durable opportunities for private clients in the years and decades ahead,” said Khan.
Notes to Editors:
From May to July, private banks provided growth and performance measures and an executive summary explaining the reasons why they deserve to win in the category/ies they have applied for. Submissions are judged by a panel of fifteen industry professionals (see judges’ bios). PWM provided key performance indicators analysis, which is a significant input in the evaluation of the private banking groups' quantitative aspects.
About UBS Global Wealth Management
As the world's largest wealth manager, UBS Global Wealth Management provides comprehensive advice, solutions and services to wealthy families and individuals around the world. Clients who work with UBS benefit from a fully integrated set of wealth management capabilities and expertise, including wealth planning, investment management, capital markets, banking, lending and institutional and corporate financial advice. Private Wealth Management is a division within UBS Financial Services Inc.
UBS provides financial advice and solutions to wealthy, institutional and corporate clients worldwide, as well as private clients in Switzerland. UBS's strategy is centered on our leading global wealth management business and our premier universal bank in Switzerland, enhanced by Asset Management and the Investment Bank. The bank focuses on businesses that have a strong competitive position in their targeted markets, are capital efficient, and have an attractive long-term structural growth or profitability outlook.
UBS is present in all major financial centers worldwide. It has offices in more than 50 regions and locations, with about 30% of its employees working in the Americas, 31% in Switzerland, 19% in the rest of Europe, the Middle East and Africa and 20% in Asia Pacific. UBS Group AG employs over 68,000 people around the world. Its shares are listed on the SIX Swiss Exchange and the New York Stock Exchange (NYSE).