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.
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 Partnership
Sponsors
Venue
Guildhall, City of London
Address: Guildhall, Gresham St, London, EC2V 7HH
Telephone: +44 20 7606 3030
Tickets
This event has already taken place.
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