Draft:List of largest Private Banks

This page is about private banks. For commercial banks, see List of largest banks.

The following is a list of the largest private banks in the world, as measured by total assets under management.

Banks employ varied terminology in their financial disclosures. This list prioritizes Assets under Management figures for High Net Worth (HNWI) wealth management clients and represent assets under discretionary management, excluding assets under custody, non-discretionary advisory assets, institutional asset management, and retail (non-HNW) assets.

List of largest private banks including universal banks

Rank	Total Assets under Management (2023) (US$bn)	Bank name
1	3845	UBS Global Wealth Management
2	1983	Morgan Stanley Wealth Management
3	1840	Bank of America Global Wealth & Investment Management
4	974	JPMorgan Private Bank
5	891	Wells Fargo Wealth & Investment Management
6	815	Goldman Sachs Private Wealth Management
7	807	Charles Schwab Wealth Management Solutions
8	792	Raymond James Financial
9	752	RBC Wealth Management
10	570	Citigroup Wealth
11	533	China Merchants Bank Private Banking
12	510	Julius Baer Group
13	459	BNP Paribas Wealth Management
14	430	HSBC Global Private Banking
15	403	Northern Trust Wealth Management
16	398	Intesa Sanpaolo PB / Fideuream
17	377	LGT Group
18	324	Bank of China Private Banking
19	315	Santander Private Banking
20	310	ICBC Private Banking
21	291	Pictet Group
22	289	BNY Mellon Wealth Management
23	267	Agricultural Bank of China Private Banking
24	266	Deutsche Bank Private Bank
25	253	China Construction Bank Private Banking
26	244	J. Safra Sarasin
27	230	Lombard Odier
28	214	St. James%27s Place Wealth Management
29	191	Barclays Private Bank
30	170	EFG International
31	167	Union Bancaire Privée
32	150	DBS Private Bank
33	149	CA Indosuez Wealth Management
34	138	Standard Chartered Private Bank
35	127	Nomura Wealth Management
36	119	Edmond de Rothschild Group
37	116	Vontobel
38	100	Natixis Investment Managers
39	89	CIBC Private Wealth
40	88	Commerzbank Private Banking & Wealth Management
41	87	TD Private Wealth Management
42	83	ABN AMRO Private Banking
43	77	Société Générale Private Banking
44	71	Mizuho Private Wealth Management
45	68	BMO Private Wealth
46	64	Rothschild & Co Wealth Management
47	57	SMBC Trust Bank Private Banking
48	55	Degroof Petercam
49	53	MUFG Private Banking
50	38	Manulife Private Wealth

All AuM figures reported in currencies other than USD have been converted to USD using the exchange rates prevailing on December 29, 2023, sourced from the European Central Bank (ECB). The specific rates used are: 1 EUR = 1.1050 USD; 1 CHF = 1.193305 USD; 1 GBP = 1.271503 USD; 1 JPY = 0.007068 USD; 1 CAD = 0.754678 USD.