{"id":223798,"date":"2018-02-12T07:44:38","date_gmt":"2018-02-12T05:44:38","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=223798"},"modified":"2018-02-12T07:47:18","modified_gmt":"2018-02-12T05:47:18","slug":"the-best-private-banks-and-wealth-managers-in-south-africa","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/banking\/223798\/the-best-private-banks-and-wealth-managers-in-south-africa\/","title":{"rendered":"The best private banks and wealth managers in South Africa"},"content":{"rendered":"

UK finance magazine Euromoney has published its annual Private Banking and Wealth Managment Survey for 2018<\/a><\/strong>, ranking the best finance groups and asset managers for wealthy people across the world.<\/p>\n

The rankings are based on a survey undertaken by wealth managers and private banking groups themselves on which other companies they believe are their biggest competitors – therefore it serves as a peer review.<\/p>\n

Private banking is defined as financial services targeted at individuals who have over $1 million in investable assets, Euromoney said.<\/p>\n

Globally, USB Global Wealth Management retained the top spot on the ranking, with the Swiss bank sweeping up top marks across almost all categories covered by the survey. The bank was followed by JPMorgan and Credit Suisse, which also retained their second and third spots, respectively.<\/p>\n

In South Africa, Investec ranked as the top private banking group in the country – and also ranked at the top of the list for the super affluent ($1 million to $5 million) high net worth individuals ($5 million to $30 million) and ultra-high net worth individuals (more than $30 million).<\/p>\n

Investec also topped the rankings for the best private bank to deliver research and asset allocation advice, as well as being ranked as the best bank for international clients.<\/p>\n

RMB Private Bank ranked as the second-best private bank in the South Africa, overall, followed by Nedbank Private Wealth, Absa, and Standard Bank.<\/p>\n

The tables below outline how South Africa’s private wealth groups ranked in the Euromoney survey:<\/p>\n

Overall Private Banking<\/strong><\/p>\n

\n
\n\n\n\n\n\n\n\n
2018<\/th>\n2017<\/th>\nBank<\/th>\n<\/tr>\n
1<\/td>\n1<\/td>\nInvestec<\/td>\n<\/tr>\n
2<\/td>\n1<\/td>\nRMB Private Bank<\/td>\n<\/tr>\n
3<\/td>\n5<\/td>\nNedbank Private Wealth<\/td>\n<\/tr>\n
4<\/td>\n4<\/td>\nAbsa<\/td>\n<\/tr>\n
5<\/td>\n3<\/td>\nStandard Bank<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<\/div>\n

Asset Management<\/strong><\/p>\n

\n
\n\n\n\n\n\n\n\n
2018<\/th>\n2017<\/th>\nBank<\/th>\n<\/tr>\n
1<\/td>\n1<\/td>\nAllan Gray<\/td>\n<\/tr>\n
2<\/td>\n4<\/td>\nCoronation Fund Managers<\/td>\n<\/tr>\n
3<\/td>\n2<\/td>\nInvestec<\/td>\n<\/tr>\n
4<\/td>\n6<\/td>\nNedbank Private Wealth<\/td>\n<\/tr>\n
4<\/td>\n<\/td>\nPSG<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<\/div>\n

Investment Banking<\/strong><\/p>\n

\n
\n\n\n\n\n\n\n\n
2018<\/th>\n2017<\/th>\nBank<\/th>\n<\/tr>\n
1<\/td>\n1<\/td>\nRMB Private Bank<\/td>\n<\/tr>\n
2<\/td>\n4<\/td>\nInvestec<\/td>\n<\/tr>\n
3<\/td>\n<\/td>\nGoldman Sachs<\/td>\n<\/tr>\n
4<\/td>\n3<\/td>\nStandard Bank<\/td>\n<\/tr>\n
5<\/td>\n5<\/td>\nNedbank Private Wealth<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<\/div>\n

Commercial Banking<\/strong><\/p>\n

\n
\n\n\n\n\n\n\n\n
2018<\/th>\n2017<\/th>\nBank<\/th>\n<\/tr>\n
1<\/td>\n1<\/td>\nStandard Bank<\/td>\n<\/tr>\n
2<\/td>\n4<\/td>\nNedbank Private Wealth<\/td>\n<\/tr>\n
3<\/td>\n3<\/td>\nFNB Private Wealth<\/td>\n<\/tr>\n
4<\/td>\n2<\/td>\nAbsa<\/td>\n<\/tr>\n
5<\/td>\n6<\/td>\nInvestec<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<\/div>\n

Innovation<\/strong><\/p>\n

\n
\n\n\n\n\n\n\n\n
2018<\/th>\n2017<\/th>\nBank<\/th>\n<\/tr>\n
1<\/td>\n2<\/td>\nFNB Private Wealth<\/td>\n<\/tr>\n
2<\/td>\n1<\/td>\nInvestec<\/td>\n<\/tr>\n
3<\/td>\n5<\/td>\nNedbank Private Wealth<\/td>\n<\/tr>\n
4<\/td>\n4<\/td>\nStandard bank<\/td>\n<\/tr>\n
5<\/td>\n<\/td>\nRMB Private Bank \/ UBS<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<\/div>\n

Rankings for all categories can be found on Euromoney’s web page<\/a><\/strong>.<\/p>\n

\n

Read:\u00a0FNB is now South Africa\u2019s most valuable banking brand<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

UK finance magazine Euromoney has published its annual Private Banking and Wealth Managment Survey for 2018, ranking the best finance groups and asset managers for wealth people across the world.<\/p>\n","protected":false},"author":10,"featured_media":70113,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[961],"tags":[6756,223,12810,26,1498,8704,7067,1483,499,12823],"class_list":["post-223798","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banking","tag-allan-gray","tag-credit-suisse","tag-euromoney","tag-headline","tag-investec","tag-jpmorgan","tag-nedbank-private-wealth","tag-rmb-private-bank","tag-standard-bank","tag-usb-global-wealth-management"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/223798","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=223798"}],"version-history":[{"count":4,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/223798\/revisions"}],"predecessor-version":[{"id":224623,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/223798\/revisions\/224623"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/70113"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=223798"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=223798"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=223798"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}