Private bank

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Private banks are the banks owned by either the individual or a general partner(s) with limited partner(s). Private banks are not incorporated. In any such case, the creditors can look to both the "entirety of the bank's assets" as well as the entirety of the sole-proprietor's/general-partners' assets.

A partner in a law firm, accounting firm, consulting firm, or financial firm is a highly ranked position, traditionally indicating co-ownership of a partnership in which the partners were entitled to a share of the profits as "equity partners." The title can also be used in corporate entities where equity is held by shareholders.

Incorporation (business) the forming of a new corporation

Incorporation is the formation of a new corporation. The corporation may be a business, a nonprofit organization, sports club, or a government of a new city or town.

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These banks have a long tradition in Switzerland, dating back to at least the Revocation of the Edict of Nantes (1685). Private banks also have a long tradition in the UK where C. Hoare & Co. has been in business since 1672.

Switzerland federal republic in Central Europe

Switzerland, officially the Swiss Confederation, is a country situated in western, central, and southern Europe. It consists of 26 cantons, and the city of Bern as the seat of the federal authorities. The sovereign state is a federal republic bordered by Italy to the south, France to the west, Germany to the north, and Austria and Liechtenstein to the east. Switzerland is a landlocked country geographically divided between the Alps, the Swiss Plateau and the Jura, spanning a total area of 41,285 km2 (15,940 sq mi). While the Alps occupy the greater part of the territory, the Swiss population of approximately 8.5 million people is concentrated mostly on the plateau, where the largest cities are to be found: among them are the two global cities and economic centres Zürich and Geneva.

C. Hoare & Co. is a British private bank. It is the oldest bank in the United Kingdom and the world's fourth oldest bank. The bank was founded in 1672 by Sir Richard Hoare and remains family-owned; it is currently managed by the 11th generation of Hoare's direct descendants.

Notable private banks

This list contains two types of banks:

Wealth management is an investment-advisory discipline which incorporates financial planning, investment portfolio management and a number of aggregated financial services offered by a complex mix of asset managers, custodial banks, retail banks, financial planners and others. There is no equivalent of a stock exchange to consolidate the allocation of investments and promulgate fund pricing and as such it is considered a fragmented and decentralised industry. High-net-worth individuals (HNWIs), small-business owners and families who desire the assistance of a credentialed financial advisory specialist call upon wealth managers to coordinate retail banking, estate planning, legal resources, tax professionals and investment management. Wealth managers can have backgrounds as independent Chartered Financial Consultants, Certified Financial Planners or Chartered Financial Analysts, Chartered Strategic Wealth Professionals, Chartered Financial Planners, or any credentialed professional money managers who work to enhance the income, growth and tax-favored treatment of long-term investors.

France

La Compagnie Financière Edmond de Rothschild Banque is an independent and family private bank in France. Established by Edmond Adolphe de Rothschild in 1953, it has been directed since 1999 by his son, Benjamin de Rothschild. It is a part of Edmond de Rothschild Group.

Paris Capital of France

Paris is the capital and most populous city of France, with an area of 105 square kilometres and an official estimated population of 2,140,526 residents as of 1 January 2019. Since the 17th century, Paris has been one of Europe's major centres of finance, diplomacy, commerce, fashion, science, and the arts.

The Edmond de Rothschild Group is an international, family-owned and independent financial group, specialised in private banking, asset management, private equity, corporate finance and funds administration.

India

Germany

Schwabische Bank (now part of M.M.Warburg) Schwabische Bank.jpg
Schwäbische Bank (now part of M.M.Warburg)
Frankfurt Place in Hesse, Germany

Frankfurt is a metropolis and the largest city of the German federal state of Hesse, and its 746,878 (2017) inhabitants make it the fifth-largest city of Germany after Berlin, Hamburg, Munich, and Cologne. On the River Main, it forms a continuous conurbation with the neighbouring city of Offenbach am Main, and its urban area has a population of 2.3 million. The city is at the centre of the larger Rhine-Main Metropolitan Region, which has a population of 5.5 million and is Germany's second-largest metropolitan region after the Rhine-Ruhr Region. Since the enlargement of the European Union in 2013, the geographic centre of the EU is about 40 km (25 mi) to the east of Frankfurt's central business district. Like France and Franconia, the city is named after the Franks. Frankfurt is the largest city in the Rhine Franconian dialect area.

ABN AMRO Bank N.V. is a Dutch bank with headquarters in Amsterdam. ABN AMRO Bank is the third-largest bank in the Netherlands. It was re-established in its current form in 2009, following the acquisition and break-up of the original ABN AMRO by a banking consortium consisting of Royal Bank of Scotland Group, Santander Group and Fortis. Following the collapse of Fortis, who acquired the Dutch business, it was nationalized by the Dutch government along with Fortis Bank Nederland. It was relisted as a public company again in 2015.

M. M. Warburg & Co. company

M.M.Warburg & CO KGaA is a German independent private bank, based in Hamburg. A family-owned bank, it was founded in 1798 by Banca Levi Kahana of Warburg and brothers Moses Marcus Warburg and Gerson Warburg, two members of the Warburg family. The Warburg family still owns the bank, continuing a more than 200-year legacy of private ownership.

Italy

Liechtenstein

LGT Group company

LGT Group is the largest family-owned private banking and asset management group in Europe.

Vaduz Municipality in Oberland, Liechtenstein

Vaduz is the capital of Liechtenstein and also the seat of the national parliament. The town, which is located along the Rhine River, has 5,450 residents.

VP Bank AG

VP Bank AG is a Liechtenstein-based private bank headquartered in Vaduz. It was founded in 1956 by Princely Councillor of Commerce Guido Feger and today is one of the largest banks in Liechtenstein.

Netherlands

Spain

Switzerland

United Kingdom

United States

Rosenthal and Rosenthal private bank New York City 025 - Rosenthal and Rosenthal private bank.jpg
Rosenthal and Rosenthal private bank

See also

Related Research Articles

Banco Real the Royal Bank of Brazil, a subsidiary of ABN AMRO

Banco Real was a Brazilian bank, owned by Spain's Banco Santander. ABN AMRO had owned the bank but in October 2007, a consortium led by Royal Bank of Scotland that also included Banco Santander and Belgium's Fortis, acquired ABN AMRO and proceeded to dismember it. Banco Santander acquired Banco Real from the consortium, together with some other ABN AMRO operations in Italy, particularly Banca Antonveneta. Banco Santander already owned Banco Santander Brazil, which incorporated Banco do Estado de São Paulo (Banespa). Combining its existing operations with Banco Real will make Banco Santander Brazil the third largest private bank in the country, after Bradesco and Itaú.

Banca Antonveneta former Italian bank

Banca Antonveneta S.p.A. was an Italian bank based in Padua, Italy. The bank was absorbed into Banca Monte dei Paschi di Siena in 2013.

Bank Jacob Safra (Suisse) AG was a full-service commercial banking institution headquartered in Geneva, Switzerland. It was present in Zurich, Lugano, Gibraltar, and Monaco. The majority of its operations consisted of financial services and private wealth management.

Bethmann Bank AG is a German private bank headquartered in Frankfurt am Main. It is a subsidiary of the Dutch ABN AMRO Bank N.V. and was the product of a merger between the historical German banks Delbrück, Bethmann and Maffei under the umbrella of the renowned Dutch ABN AMRO Bank. LGT Bank Deutschland joined this group in 2011. Bethmann Bank acquired the German private banking activities of Credit Suisse in December 2013. The acquisition positions Bethmann Bank, ABN AMRO’s private bank in Germany, as the third largest private bank in Germany.

Union Bancaire Privée company

Union Bancaire Privée was founded in 1969 by Edgar de Picciotto. It is one of the most highly capitalized private banks, and a major player in the field of wealth management in Switzerland with CHF 126.8 billion of assets under management.

Edmond Adolphe de Rothschild French-born financier

Edmond Adolphe Maurice Jules Jacques de Rothschild, usually known as Baron Edmond Adolphe de Rothschild was born in Paris, France and died in Geneva, Switzerland. He was a Swiss member of the Rothschild family.

Banque Privée Edmond de Rothschild S.A. is a private bank headquartered in Geneva, Switzerland. It is exclusively dedicated to wealth management for private and institutional clients. It is a part of Edmond de Rothschild Group. It is listed on the Swiss Exchange .

Bank Lombard Odier & Co Swiss private bank

Founded in 1796, Lombard Odier is one of the largest private banks in Switzerland and Europe. The Lombard Odier Group is an independent banking group offering wealth and asset management services to private and institutional clients. Headquartered in Geneva, it has 27 offices in 23 jurisdictions and employs some 2,480 people. As at 1 March 2019, the Group had seven Managing Partners: Patrick Odier, Christophe Hentsch, Hubert Keller, Frédéric Rochat, Denis Pittet, Annika Falkengren and Alexandre Zeller.

Banca Leonardo S.p.A. is a private and independent investment bank.

Swiss Private Bankers Association

The Swiss Private Bankers Association is a Swiss trade association made up of banking institutions that meet the legal definition of a private banker according to Swiss law. Based in Geneva, Switzerland, and currently has six members.

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