Private Banking


Also found in: Acronyms, Wikipedia.

Private Banking

Banking services offered to high net-worth individuals. Private banking services are largely related to asset management; that is, a private banking institution assists the high net-worth individual in investing his/her money in exchange for commissions and fees. Private banking combines some of the services of a brokerage with normal banking services. Importantly, high net-worth individuals have some investment vehicles open to them that are prohibitively expensive for other investors, notably hedge funds. Some private banks allow clients who invest $50,000 or more, but others require a minimum investment of $500,000.
References in periodicals archive ?
In his new role, Sanders will lead Banc of California's Private Banking Division.
Awarding Mashreq with the prestigious title of Best Private Bank for Super Affluent Clients in the UAE reflects our position as a key player in the private banking sector and puts us at the forefront of the industry, said Subroto Som, Head of Retail Group, Mashreq.
He continued, "We agree with the general consensus that private banking is developing more rapidly in the GCC than in established markets such as Europe and North America.
She will head the bank's team overseeing the private banking operations as well as client relationships in Greater China.
I am excited to be taking on this new challenge, and to be part of a dynamic private banking business intent on delivering further growth," said Gerber.
Under the leadership of Daniel Truchi, global CEO of Societe Generale Private Banking, the executive committee - comprising six members - will lead the strategy and development of the private bank.
In order to better understand the money laundering issues related to private banking, it would be very useful to first provide you with some background information on what we consider to be private banking and the way in which private banks operate.
Private banking is proliferating in today's booming economy.
I was a private banking client in the late 70s and early 80s, but I was weaned away by the kinds of services my broker was providing," Scotese says.
By adding or expanding these offices, we deliver the private banking and wealth management services our clients value in a way that is highly personalized and relationship based.
According to the 2015 Euromoney Private Banking Survey, AfrAsia Bank has been named as the best bank in Mauritius.
International finance magazine The Banker ranked Erste Group among one of the most successful global private banking groups.