Overview
The awards were focused around three main category groupings: experts (individuals and teams); products and services for wealth managers and clients, and institutions of all sizes and types.
These awards built on the success of our established worldwide awards programme, our events business and WealthBriefing’s unique position in the global wealth management market, by focusing on the European markets.
Independence, integrity and genuine insight were the watchwords of the judging process. This involved specially convened expert panels drawn from both private banks and trusted advisors and supported by relevant expert third-party organisations.
Uniquely, partner organisations were included to express the views of clients so that the WealthBriefingEuropean Awards will truly reflect excellence in wealth management from the grass roots up.
BACKGROUND
The WealthBriefing European Awards was supported primarily by our global network of daily newswires for the wealth and private asset management communities; WealthBriefing and WealthBriefingAsia.
Other supporting publications were Offshore Red, Family Wealth Report, Executive Compensation Briefing and WealthCareers.
TIMING
The selection and judging process for the 2014 awards began in the summer of 2013. Nominations opened on 2nd September 2013 and closed on 17th January 2014. All firms were notified whether they had made the shortlist by 21st February 2014.
MEDIA EXPOSURE
Entrants who were shortlisted were announced on all WealthBriefing media, as were the eventual winners.
Additionally, an extensive PR campaign highlighted all the winners and shortlisted entrants to relevant media.
AWARD CEREMONY FORMAT
The culmination of the process was a black-tie dinner on 15th May 2014 at The Guildhall, London during which the winners of the shortlisted entrants were announced.
This networking event was conducted in a slick and snappy style. The formalities werel not dragged out unnecessarily as is so often the case at industry awards.
PARTNERS
External organisations were brought into the judging process to further objectivity and to ensure that the views of the industry as a whole, along with ultimate client base, were represented.
These included specialists in branding, marketing, IT, philanthropy and investment management.
JUDGING PROCESS
There were two judging panels for the awards.
A panel of trusted advisors were responsible for judging the private banking categories.
A second panel of private bankers judged the trusted advisor categories.
This was to ensure that commercially sensitive information is kept confidential and to avoid conflicts of interest.
Categories
PRIVATE BANK CATEGORIES
UK based banks only
BEST OVERALL UK PRIVATE BANK Criteria for entry: UK-based private bank. DOMESTIC CLIENTS TEAM Criteria for entry: Teams whose clients are domiciled in the jurisdiction in which the bank itself operates. Focus can be either HNW or UHNW. INTERNATIONAL CLIENTS TEAM Criteria for entry: Teams whose clients are NOT domiciled in the jurisdiction in which the bank itself operates. Focus can be either HNW or UHNW. HNW TEAM Criteria for entry: Teams who look after clients with under GBP20 million with the bank. UHNW TEAM Criteria for entry: Teams who look after clients with over GBP20 million with the bank. WEALTH PLANNING TEAM Criteria for entry: Teams who are dedicated to clients' tax, trust and wealth structuring issues. CHARITY TEAM Criteria for entry: Teams working within a wealth management organisation or a stand-alone business offering advice and fulfilment to charities.PRIVATE BANK CATEGORIES
European based banks only
BEST OVERALL EUROPEAN PRIVATE BANK Criteria for entry: European-based private bank. DOMESTIC CLIENTS TEAM Criteria for entry: Teams whose clients are domiciled in the jurisdiction in which the bank itself operates. Focus can be either HNW or UHNW. INTERNATIONAL CLIENTS TEAM Criteria for entry: Teams whose clients are NOT domiciled in the jurisdiction in which the bank itself operates. Focus can be either HNW or UHNW. HNW TEAM Criteria for entry: Teams who look after clients with under EUR 20 million with the bank. UHNW TEAM Criteria for entry: Teams who look after clients with over EUR 20 million with the bank. WEALTH PLANNING TEAM Criteria for entry: Teams who are dedicated to clients' tax, trust and wealth structuring issues.INVESTMENT MANAGEMENT CATEGORIES
SPECIALIST WEALTH MANAGER Criteria for entry: Private asset managers that are NOT a bank or part of a bank. Can be based anywhere in Europe and can be any level of wealth or client type as a focus. PRIVATE INVESTMENT MANAGER Criteria for entry: Investment managers who specialise in providing portfolio advice to the private client and/or charity communities. INVESTMENT PRODUCT PROVIDER Criteria for entry: Fund managers based in Europe whose funds are available to private clients within Europe. ALTERNATIVE INVESTMENT MANAGER Criteria for entry: Managers based in Europe whose alternative investments are available to private clients within Europe. PLATFORM PROVIDER Criteria for entry: Providers of tools, strategies, model portfolios and access to investment products for the wealth management community. MULTI-FAMILY OFFICE Criteria for entry: Organisations which manage the investment, wealth planning and lifestyle needs of more than one family. PRIVATE INVESTMENT OFFICE Criteria for entry: Organisations which specialise in the investment needs of UHNW individuals and families.MARKETING CATEGORIES
ONLINE CAMPAIGN Criteria for entry: Wealth managers or other private client practitioners who have used online channels to promote their services to private clients or to raise their profile either within the industry or to clients. PRINT CAMPAIGN Criteria for entry: Wealth managers or other private client practitioners who have used print media to promote their services to private clients or to raise their profile either within the industry or to clients. BRAND LAUNCH/RELAUNCH Criteria for entry: Most effective and innovative brand launch or relaunch in the private client world, either a whole business unit or a product/service within an existing business.PRIVATE CLIENT CATEGORIES
EFFECTIVE LEGAL TEAM Criteria for entry: Law firm team or barrister dedicated to private client issues. EFFECTIVE TAX/ACCOUNTANCY TEAM Criteria for entry: Team in accountancy firm/consultancy specialising in reporting, transacting or wealth structuring for private clients. INSTITUTIONAL TRUST OR FIDUCIARY COMPANY Criteria for entry: Entries only eligible from trust companies that are part of a non-trust parent. INDEPENDENT TRUST OR FIDUCIARY COMPANY Criteria for entry: Entries are only eligible from trust companies independent of larger non-trust businesses.WEALTH MANAGEMENT TECHNOLOGY CATEGORIES
FRONT OFFICE SOLUTION Criteria for entry: CRM, client reporting, client risk profiling, portfolio management. TRANSACTION PROCESSING SOLUTION Criteria for entry: Straight through processing, core banking. CHANGE MANAGEMENT PROCESS Criteria for entry: Banks, wealth managers or system integrators who have successfully implemented multi-functional change programmes to significantly improve client experience and performance. PORTFOLIO MANAGEMENT Criteria for entry: Technology solution providers specialising in tools for managing clients' investment portfolios. CLIENT COMMUNICATIONS & REPORTING Criteria for entry: Technology solution providers specialising in tools for wealth managers to communicate with clients. RISK PROFILING SOLUTION Criteria for entry: A technology solution to help wealth managers assess and document the risk appetite of clients. RISK MANAGEMENT Criteria for entry: Technology solution providers specialising in tools for wealth managers to manage risk. CRM SYSTEM Criteria for entry: Client relationship management systems for wealth managers. ONBOARDING Criteria for entry: Technology solutions to help wealth managers bring new clients into their organisation. DATA PROVIDER Criteria for entry: Business providing financial data to private banks and other wealth managers. OUTSOURCING SOLUTION Criteria for entry: Third-party organisations providing business processes or systems to wealth management businesses. GLOBAL CUSTODIAN Criteria for entry: Custodians offering services to private client business. INNOVATIVE CLIENT SOLUTION Criteria for entry: This award seeks to recognise institutions which have developed innovative products and services for their clients as part of a solutionsfocused service model. Entries could focus on a new value-added service designed to help clients with their wider lifestyle goals; a product designed to deliver on the financial objectives of a distinct sub-segment of clients; an educational offering aimed at helping clients become more confident investors; or a cross-divisional referral programme to help business owners with their corporate financial or operational needs. The judges will be looking for a new offering which has been developed to meet a specific client need and which represents a real addition to the institution's value proposition.OTHER WEALTH MANAGEMENT CATEGORIES
PRIVATE PLACEMENT LIFE INSURANCE ("PPLI") Criteria for entry: This category is open to life insurance companies that offer open architecture insurance solutions to private banks, asset managers and others for the custody and management of investments supporting the value of those insurance solutions. HIGH DEATH BENEFIT LIFE INSURANCE ("HDBLI") Criteria for entry: This category is open to life insurance companies that offer high death benefit life insurance solutions to either domestic or international individuals to meet their liquidity needs. CREATIVE USE OF INSURANCE SOLUTIONS FOR HNW AND UHNW CLIENTS Criteria for entry: This category is open to private banks, asset managers and others who use insurance solutions, whether private placement life insurance or high death benefit life insurance, for the benefit of their clients. INTERNATIONAL FINANCE CENTRE Criteria for entry: Open to IFCs wherever they are in the world. M&A DEAL Criteria for entry: A takeover or merger involving at least one private client business based in Europe. LEADING INDIVIDUAL Criteria for entry: Age and experience is no bar but something special should mark out this individual working in the private client world. RISING STAR Criteria for entry: A private banker or wealth manager under the age of 35 who is not yet in a senior management position but shows the potential to be a leading individual. PHILANTHROPY OFFERING Criteria for entry: Private client businesses or practitioners who advise individuals or families on their philanthropic activities. WOMEN IN WEALTH MANAGEMENT (INDIVIDUAL CONTRIBUTION) Criteria for entry: Open to women in private banking or wealth management who are an inspiration both to female clients and colleagues. WOMEN IN WEALTH MANAGEMENT (COMPANY CONTRIBUTION) Criteria for entry: For wealth management organisations which demonstrate support for women in their career development. OUSTANDING CONTRIBUTION TO WEALTH MANAGEMENT THOUGHT LEADERSHIP Criteria for entry: Open to individuals or businesses that demonstrate an outstanding contribution to thought leadership in wealth management, as demonstrated by contributions to periodicals and events specialising in wealth management.Tickets
This event has already taken place.
Finalists
Private Banking Categories UK-Based Private Bank BEST OVERALL UK PRIVATE BANK Barclays (Wealth & Investment). Berenberg HSBC Private Bank Rothschild Wealth Management Societe Generale Private Banking – Hambros DOMESTIC CLIENTS TEAM Barclays (Wealth & Investment). C Hoare & Co Societe Generale Private Banking – Hambros INTERNATIONAL CLIENTS TEAM RBC Wealth Management Societe Generale Private Banking – Hambros UBS Wealth Management HNW TEAM C Hoare & Co Credit Suisse Societe Generale Private Banking – Hambros UBS Wealth Management UHNW TEAM Citi Private Bank Credit Suisse Rothschild Wealth Management UBS Wealth Management WEALTH PLANNING TEAM Close Brothers Asset Management RBC Wealth Management Societe Generale Private Banking – Hambros UBS Wealth Management CHARITY TEAM Barclays (Wealth & Investment). Investec Wealth & Investment Rothschild Wealth Management UBS Wealth Management EUROPEAN-BASED PRIVATE BANK BEST OVERALL EUROPEAN PRIVATE BANK ABN AMRO Private Banking BNP Paribas Wealth Management Societe Generale Private Banking DOMESTIC CLIENTS TEAM ABN AMRO Private Banking BNP Paribas Wealth Management Societe Generale Private Banking INTERNATIONAL CLIENTS TEAM Banque Havilland BNP Paribas Wealth Management Societe Generale Private Banking UHNW TEAM Banque Havilland BNP Paribas Wealth Management Citi Private Bank Societe Generale Private Banking INVESTMENT MANAGEMENT CATEGORIES SPECIALIST WEALTH MANAGER Berry Asset Management Canaccord Genuity Wealth Management London & Capital PRIVATE INVESTMENT MANAGER Berry Asset Manager James Hambro & Partners Standard Life Wealth INVESTMENT PRODUCT PROVIDER Ossiam SKAGEN Funds Source State Street Global Advisors MULTI-FAMILY OFFICE Oracle Capital Group Sorbus Partners PRIVATE INVESTMENT OFFICE Hassium Asset Management Lord North Street Private Investment Office Sorbus Partners MARKETING CATEGORIES ONLINE CAMPAIGN Barclays (Wealth & Investment). Close Brothers Asset Management RBC Wealth Management BRAND LAUNCH/RELAUNCH Canaccord Genuity Wealth Management Hawksford Standard Life Wealth PRIVATE CLIENT CATEGORIES EFFECTIVE LEGAL TEAM Baker & McKenzie Lawrence Graham PWC Legal Taylor Wessing INSTITUTIONAL TRUST OR FIDUCIARY COMPANY HSBC Private Bank Northern Trust RBC Wealth Management Societe Generale Private Banking – Hambros INDEPENDENT TRUST OR FIDUCIARY COMPANY Bedell Trust Collas Crill Trust Hawksford Ogier Private Wealth WEALTH MANAGEMENT TECHNOLOGY CATEGORIES FRONT OFFICE SOLUTION Advent Software Equipos Finantix Objectway Financial Software Third Financial TRANSACTION PROCESSING SOLUTION Avaloq ERI Banking Software Temenos Third Financial PORTFOLIO MANAGEMENT Advent Software BRT Dion Global ERI Banking Software Teknometry CLIENT COMMUNICATIONS & REPORTING Advent Software BRT Equipos Vermilion Software RISK PROFILING SOLUTION BITA Risk Distribution Technology FinaMetrica RISK MANAGEMENT BITA Risk BRT Milltrust International Group Third Financial ON-BOARDING Appway Finantix Objectway Financial Software Wealthmonitor Wealth Dynamix OUTSOURCING SOLUTION BRT Multrees Investor Services Objectway Financial Software Pershing, a BNY Mellon Company GLOBAL CUSTODIAN Multrees Investor Services Northern Trust Pershing, a BNY Mellon Company INNOVATIVE CLIENT SOLUTION BNP Paribas Wealth Management Canaccord Genuity Wealth Management Close Brothers Asset Management Distribution Technology Nutmeg INTERNATIONAL FINANCE CENTRE Guernsey Jersey Finance LEADING INDIVIDUAL Close Brothers Asset Management – Nancy Curtin James Hambro & Partners – Andrew Steel Societe Generate Private Banking – Hambros – Eric Barnett Societe Generale Private Banking – Jean-Francois Mazaud Societe Generale Private Banking – Patrick Follea RISING STAR ABN AMRO Private Banking – Arik Alter Credit Suisse UK – Ben Chance Legis Tax Services – Paul O’Neill Societe Generale Private Banking – Damien Bossard Societe Generale Private Banking – Hambros – Duncan Prince PHILANTHROPY OFFERING ABN AMRO Private Banking BNP Paribas Wealth Management Charities Aid Foundation Philanthropy Services HSBC Private Bank WOMEN IN WEALTH MANAGEMENT (INDIVIDUAL CONTRIBUTION) Close Brothers Asset Management – Penny Lovell Collas Crill – Angela Calnan James Hambro & Partners – Nicola Barber Scorpio Partnership – Catherine Tillotson Societe Generale Private Banking – Irene Manis OUTSTANDING CONTRIBUTION TO WEALTH MANAGEMENT THOUGHT LEADERSHIP Barclays (Wealth & Investment). RBC Wealth Management Scorpio PartnershipAbout our Sponsors
Sponsors
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Venue
Guildhall, City of London
Address: Guildhall, Gresham St, London, EC2V 7HH
Telephone: +44 20 7606 3030
Winners
PRIVATE BANKING CATEGORIES
UK-BASED PRIVATE BANK
BEST OVERALL UK PRIVATE BANK
Barclays
UK-BASED PRIVATE BANK
DOMESTIC CLIENTS TEAM
Barclays - Winner
C Hoare & Co – Highly Commended
UK-BASED PRIVATE BANK
INTERNATIONAL CLIENTS TEAM
RBC Wealth Management
UK-BASED PRIVATE BANK
HNW TEAM
UBS Wealth Management
UK-BASED PRIVATE BANK
UHNW TEAM
Citi Private Bank
UK-BASED PRIVATE BANK
WEALTH PLANNING TEAM
RBC Wealth Management
UK-BASED PRIVATE BANK
CHARITY TEAM
UBS Wealth Management – Winner
Barclays – Highly Commended
EUROPEAN-BASED PRIVATE BANK
BEST OVERALL EUROPEAN PRIVATE BANK
ABN AMRO Private Banking
EUROPEAN-BASED PRIVATE BANK
DOMESTIC CLIENTS TEAM
ABN AMRO Private Banking
EUROPEAN-BASED PRIVATE BANK
INTERNATIONAL CLIENTS TEAM
BNP Paribas Wealth Management
EUROPEAN-BASED PRIVATE BANK
UHNW TEAM
Citi Private Bank
INVESTMENT MANAGEMENT CATEGORIES
SPECIALIST WEALTH MANAGER
Canaccord Genuity Wealth Management
PRIVATE INVESTMENT MANAGER
Standard Life Wealth
PRIVATE INVESTMENT OFFICE
Lord North Street Private Investment Office
INVESTMENT PRODUCT PROVIDER
Source
MULTI-FAMILY OFFICE
Sorbus Partners
ALTERNATIVE ASSET MANAGER – EDITOR’S AWARD
HSBC Alternative Investments
BEST IT NEWCOMER – EDITOR’S AWARD
Wealth Dynamix
MARKETING CATEGORIES
ONLINE CAMPAIGN
Barclays
BRAND LAUNCH/RELAUNCH
Standard Life Wealth - Winner
Canaccord Genuity Wealth Management – Highly Commended
PRIVATE CLIENT CATEGORIES
EFFECTIVE LEGAL TEAM
Baker & McKenzie - Winner
Taylor Wessing – Highly Commended
INSTITUTIONAL TRUST OR FIDUCIARY COMPANY
Northern Trust
INDEPENDENT TRUST OR FIDUCIARY COMPANY
Collas Crill
WEALTH MANAGEMENT TECHNOLOGY CATEGORIES
FRONT OFFICE SOLUTION
Equipos - Winner
Objectway Financial Software – Highly Commended
TRANSACTION PROCESSING SOLUTION
ERI Bancaire
PORTFOLIO MANAGEMENT
Advent Software
CLIENT COMMUNICATIONS & REPORTING
BRT
RISK PROFILING SOLUTION
Distribution Technology
RISK MANAGEMENT
BITA Risk
ON-BOARDING
Appway
OUTSOURCING SOLUTION
Pershing, a BNY Mellon Company
GLOBAL CUSTODIAN
Pershing, a BNY Mellon Company
INNOVATIVE CLIENT SOLUTION
Nutmeg
OTHER WEALTH MANAGEMENT CATEGORIES
INTERNATIONAL FINANCE CENTRE
Jersey Finance
LEADING INDIVIDUAL
Nancy Curtin, Close Brothers Asset Management
RISING STAR
Duncan Prince, Societe Generale Private Banking – Hambros
PHILANTHROPY OFFERING
BNP Paribas Wealth Management – Winner
Charities Aid Foundation – High commended
WOMEN IN WEALTH MANAGEMENT (INDIVIDUAL CONTRIBUTION)
Penny Lovell, Close Brothers Asset Management
OUTSTANDING CONTRIBUTION TO WEALTH MANAGEMENT THOUGHT LEADERSHIP
Barclays – Winner
Scorpio Partnership – Highly Commended
LIFETIME ACHIEVEMENT
Phil Cutts, Credit Suisse
Sponsors