Money is one of the basic requirements in the modern world. Trade, business and all require money. And since centuries, banking has been the medium for human being to save some money, get interest over that money and later use a lump sum for a different purpose. Banks also provide services like life insurances, stock management, investment, mutual funds and many more. Now, banks are the integral parts of the social system. Here is a list featuring the top 10 best private sector banks in the world, that offer great service and that have recorded huge transactions all over the globe.
Based in Geneva, Switzerland, it is a 10th largest private sector bank and asset manager operating since 1805. The group has a global network of 26 offices, including registered banks in Geneva, Luxembourg, Singapore, Nassau and Hong Kong. It is one of Switzerland’s leading private banks. The group renders various services like Asset management, wealth management, investment funds and trading worldwide, employing more than 3,800 people including about 900 investment managers. It has been rated Prime 1/Aa2 by Moody’s and F1+/AA- by Fitch.
9. Julius Baer:
It is a Swiss private banking group that operates in more than 20 countries. It was founded in 1890 and currently has its headquarters in Zurich, Switzerland. About 5,500 people are employed to render the services like private banking, wealth management and investment consultancy. It is also a leader in foreign exchange trading in Switzerland. Its shares are amongst the 20 largest and most liquid Swiss stocks.
8. BNP Paribas:
This French multinational bank and financial service provider is one of the largest banks in the world. This was formed by the merger of Banque Nationale de Paris and Paribas in 2000. It is split into two business units: Retail Banking& Services which includes asset management, custodial banking, real estate services and Corporate and Institutional Banking. It has significant operations in nations like France, Italy, Belgium, Luxembourg, the United States, Poland, Turkey and Ukraine.
7. Goldman Sachs:
It is an American multinational banking firm that renders services in global investment banking, securities, investment management and other services with institutional clients. It was founded in 1869 in New York City, currently operating worldwide with over 36,500 employees. The firm also renders services in commercial banking, commodities, mutual funds, prime brokerage and market making.
6. Deutsche Bank:
It is a German global banking and financial services company that operates from Frankfurt. It renders service in over 70 countries with more than 101,000 employees and has a large presence in Europe, Asia-Pacific and the emerging markets. It is one of the largest foreign exchange dealers in the world. Its products and services include consumer banking, finance and insurance, investment banking, mortgage loans, savings, equity, credit cards and corporate banking.
It is a British-based multinational banking and financial services, which was first found in Hong Kong in 1865. It has over 6,000 offices in 71 countries and territories across Asia, Africa, Oceania, North America, South America and Europe with over 60 million customers. It was named the world’s sixth-largest public company by Forbes. It operates in four strategic business groups as Commercial banking; Global banking; Retail banking and wealth management; and Global Private banking.
It is an American multinational banking and financial services corporation, found in 1812. It provides services across 140 nations with approximately 16,000 offices with 239,000 employees worldwide. CITI Bank products include credit cards, corporate banking, consumer banking, investment banking, global wealth management, private equity and financial analysis. It is one of the Big Four banks in the US.
3. Credit Suisse:
It is a Swiss global financial services holding company which was found in 1856 and currently headquartered at Zurich, Switzerland. It renders services in investment banking, private banking, asset management and equity management across the globe. It is one of the best banks in Switzerland and has received several other recognitions for its services and products.
Found in 1862, this company is considered to be the world’s largest manager of private wealth assets and a leading provider of retail banking and commercial banking services in Europe. It provides services covering securities, research in equities, rates, credit, precious metals, foreign exchange and derivatives. The other services offered by UBS are investment banking, private banking, corporate banking, private equity, mortgages, credit cards, finance and insurance and wealth management. It is the biggest bank in Switzerland and operates in more than 50 nations with over 60,000 employees worldwide.
1. JP Morgan:
It is a multinational banking and financial services holding company headquartered in New York City. It is the largest bank in the United States by total assets. The company offers services like commercial banking, asset management, brokerage services, commodity trading, consumer banking, credit cards, corporate banking, consumer finance, foreign exchange trading, global banking, insurance, private banking, retail banking, wealth management, investment banking, private equity to name a few. The company’s subsidiaries include Chase, JP Morgan Cazenove and One Equity Partners. It employs about 235,600 people and is considered to be a universal bank.
This was our list of top 10 Best Private sector banks around the world by 2018 and this might help one to invest his trust with any of these banks as they offer high security for money and have satisfied customers worldwide.