Readers of Campden Family Business Magazine have voted on which ten banks they considered the best for family business.
All of the ten charted can be found in Luxembourg.From one to ten: UBS, JP Morgan, HSBC, Citibank, Deutsche Bank, Pictet & Cie, Standard Chartered, Societe Generale Private Banking, Royal Bank of Canada and BNY Mellon. UBS was ranked first for both finance as well as service provision.
CampdenFB carried out an online survey amongst family office businesses around the world. Respondents on average had more than $100m of invested assets and / or $100m of business turnover.
"We are very proud that UBS has been recognized as the best bank for family business,” said René Mottas, Country Head UBS Luxembourg. "We recognise that family businesses have institutional needs across multiple asset classes. We are well positioned to provide our clients with tailor-made solutions with our in-house capabilities across our Investment Bank, and Wealth and Asset Management businesses to cater to the highly sophisticated family business client" Mr. Mottas continued.
A KPMG International survey showed that 58% of family businesses are currently seeking external financing to fund their investment plans.
Published since 2001, CampdenFB (formerly Families in Business) magazine provides business-owning families of substantial wealth with the knowledge, insights and vital business intelligence they require to manage their enterprises and their families successfully. Launched in 2008, CampdenFO is the only global magazine covering the market of private single and multifamily offices.
