SWISS PRIVATE BANKING. Private banking is the earliest form of banking. The first banks that emerged in Venice, Italy helped wealthy families to better manage their assets so that their wealth could be passed on to the next generation. Private banking is not the same as a private bank, which is a banking institution that has not been incorporated.

The bank was established in 1995 by two entrepreneurs, and they have a wealth of experience in Swiss private banking. It is one of the largest Swiss banks and provides all services in private banking to individuals and institutions. Assets under management with the bank are CHF 142.7 billion and net profit is of CHF 129.2 Million during the Private banking, asset and wealth management are main business areas of Swiss banks. Out of 252 banks operating in Switzerland, 110 provide private banking and wealth management solutions, representing 21 countries, including 73 domestic banks, 4 banks from United Kingdom, 4 banks from Germany, and 3 banks from Luxembourg. No prizes for guessing this one: UBS is the largest private bank in Switzerland by AuM and its not even remotely close. With nearly $2.5trn worth of assets, UBS is in fact long way ahead of any other bank in the world. Morgan Stanley and Bank of America Merrill Lynch are 2nd and 3rd respectively in the global ranking, with a combined $2.06trn. Other than that, Swiss banks can be divided into few categories - foreign banks, private banks, big banks, cooperative banks (Raiffeisen group), and cantonal banks. Cantonal banks are Government-owned commercial banks that amount to around 30% of total banks in Switzerland.

Other than that, Swiss banks can be divided into few categories - foreign banks, private banks, big banks, cooperative banks (Raiffeisen group), and cantonal banks. Cantonal banks are Government-owned commercial banks that amount to around 30% of total banks in Switzerland.

Deutsche Bank is centered around three types of clients the bank serves - private clients, corporates and fiduciaries & institutions. Deutsche Bank has three business divisions: Private & Commercial Bank - this division is the clear market leader in Germany regarding clients.

According to the official Swiss private bank list of the Swiss Financial Market Supervisory Authority (www.finma.ch, FINMA) there are 296 authorized banks and securities dealers in Switzerland (June 2018). This official list is of little help to a foreign client looking for the best private bank in Switzerland for a bank account opening.All types of banks and securities dealers in Switzerland

Global directory to Private Banking and Wealth Management. Our private banking portal offers comprehensive information on all aspects of personal banking, banks, financial operators and institutions. We facilitate the search for banking services, financial products and investment opportunities. HSBC Private Banking has a strong foundation and been rewarded by winning many industry awards for our service in the largest and fastest growing markets, so we can meet your personal and business needs wherever you are. Find out more