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How Asia Pacific's top private banks fared in 2016, according to Private Banker

Michelle Zhu Published on Fri, Oct 13, 2017 / 12:29 PM GMT+8

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SINGAPORE (Oct 13): Total assets under management (AUM) of high net worth (HNW) clients under Asia Pacific’s top 20 institutions have hit a high of US$1.53 trillion ($2.1 trillion) up 4.5% from US$1.46 trillion in 2015, and almost on par with the high of 2014.

This is according to finance publication Private Banker International’s (PBI) latest rankings, which were announced at the 2017 PBI Top 20 Asia-Pacific AUM Rankings Banker International Global Wealth Summit 2017 in Singapore.

In a press release on Friday, PBI says this year’s rankings showed that Asian private banks were back in accumulation mode in 2016 with their latest figure, which is “even more impressive” when viewed in the context of falling brokerage revenues and clients’ response to regulatory changes.