Private bank

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Private banks are banks owned by either the individual or a general partner(s) with limited partner(s). Private banks are not incorporated. In any such case, 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.

Contents

Private 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.

Notable private banks

This list contains two types of banks:

China

France

Germany

Schwabische Bank (now part of M.M.Warburg) Schwabische Bank.jpg
Schwäbische Bank (now part of M.M.Warburg)

Italy

Liechtenstein

Netherlands

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

C. Hoare & Co., also known as Hoares, is a British private bank, founded in 1672 by Sir Richard Hoare; it is currently owned and led by the eleventh and twelfth generation of his direct descendants. It is the oldest privately-owned bank in the United Kingdom and reputedly the fourth oldest in the world.

<span class="mw-page-title-main">Rothschild banking family of France</span> French banking family

The Rothschild banking family of France is the French branch of the Rothschild family. It was founded in 1812 by James Mayer de Rothschild (1792–1868) in Paris, which was then part of the First French Empire. He was sent there from his home in Frankfurt by his father, Mayer Amschel Rothschild (1744–1812). Wanting his sons to succeed on their own and to expand the family business across Europe, Mayer Amschel Rothschild had his eldest son remain in Frankfurt, while his four other sons were sent to different European cities to establish a financial institution to invest in business and provide banking services. Endogamy within the family was an essential part of the Rothschild strategy in order to ensure control of their wealth remained in family hands.

<span class="mw-page-title-main">LGT Group</span> Private banking and asset management group based in Liechtenstein

LGT Group is the largest royal family-owned private banking and asset management group in the world. LGT, originally known as The Liechtenstein Global Trust, is owned by the princely House of Liechtenstein through the Prince of Liechtenstein Foundation and led by its royal family members H.S.H. Prince Maximilian von und zu Liechtenstein (CEO) and H.S.H. Prince Philipp von und zu Liechtenstein (chairman).

<span class="mw-page-title-main">Hottinger & Cie</span> International financial services group

Hottinger Group is an international wealth management business headquartered in London providing family office, Investment banking and other associated financial services. Hottinger is known as one of the first private banks, created on 1 August 1786 by the Hottinguer family.

<span class="mw-page-title-main">Hottinguer family</span> House of Hottinger

Hottinger first appears in the annals of the town of Zöllikon, near Zurich, in 1362. The town had recently joined the Swiss Confederation, and was poised to become a thriving center for trade. In 1401, three members of the Hottinger family were named Grand Burghers of the city. Their names Hans, Heinrich and Rudolf – or, in their French variants, Jean, Henri and Rodolphe – have marked the family dynasty for over 500 years. During the 15th and 16th centuries, their descendants oversaw the canton's progressive transformation from a rural to a financial economy, taking an active role in the region's political, cultural and religious life all the way into the 18th century.

<span class="mw-page-title-main">Union Bancaire Privée</span> Private bank and finance firm in Switzerland

Union Bancaire Privée is a private bank and wealth management firm headquartered in Geneva. UBP is one of the largest private banks in Switzerland, and serves private and institutional clients. The bank was founded in 1969 by Edgar de Picciotto.

<span class="mw-page-title-main">Banque Bonhôte</span>

Banque Bonhôte & Cie is a Swiss private bank founded in 1815 in Neuchâtel. It is active in the wealth and asset management sector.

The Edmond de Rothschild Group is a financial institution specialized in private banking and asset management. Based in Geneva, the group is family-owned and independent, and encompasses the Edmond de Rothschild Foundations, the lifestyle brand Edmond de Rothschild Heritage, and sponsors the Gitana Team.

Antonio Castanon is a Mexican businessman.

<span class="mw-page-title-main">Bank Lombard Odier & Co</span> Swiss Private Bank

The Lombard Odier Group is an independent Swiss banking group based in Geneva. Its operations are organised into three divisions: private banking, asset management, and IT and back and middle office services for other financial institutions. In 2022, the bank had total client assets of CHF 300 billion, which makes it one of the biggest players in the Swiss private banking sector.

Landolt & Cie, Banquiers was a Swiss private bank specializing in asset management for wealthy private customers, headquartered in Lausanne and founded in 1780 in Lausanne. On 15 October 2020 the shareholders made public that the private bank will merge with ODDO BHF.

<span class="mw-page-title-main">Bordier & Cie</span> Swiss independent private bankers

Bordier & Cie is a Swiss private banker founded in 1844 in Geneva and active in wealth management for private clients. It is the last French-speaking private banker in Switzerland, headed by three partners with unlimited responsibility on their own assets. The institution holds a banking license in Switzerland, Turks and Caicos Islands and Singapore and has branches in the United Kingdom, France and Uruguay.

<span class="mw-page-title-main">Vontobel</span>

Vontobel Holding AG is a Swiss private banking and investment management group headquartered in Zurich. Established in 1924, as of August 2021, Vontobel has over 2,000 employees across 26 worldwide locations. Vontobel group's core businesses are Wealth Management, Asset Management and Digital Investing, catering to wealthy private clients as well as institutional investors. Among the top tier Swiss banks, Vontobel holds around $300 billion of client assets.

<span class="mw-page-title-main">J. Safra Sarasin</span> Swiss private bank

Bank J. Safra Sarasin Ltd is a Swiss private bank, founded in 1841 and headquartered in Basel, Switzerland. It is currently owned by the Brazilian J. Safra Group, and was formed in its present state in 2013, when Safra Group acquired Bank Sarasin & Co. Ltd, merging it with its Bank Jacob Safra Switzerland subsidiary.

Mirabaud is an international banking and financial group based in Geneva, Switzerland. Founded in 1819, it gradually developed into the third largest private bank in the city.

<span class="mw-page-title-main">Swiss Private Bankers Association</span> Swiss banking 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. It is based in Geneva, Switzerland, and currently has six members.

References

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  2. "A Chinese carmaker agrees to buy a Danish investment bank". The Economist . 5 October 2017.
  3. "COMPANY NEWS; Belgian Bank Deal". The New York Times. 25 April 1990. p. 5. Retrieved 3 February 2021.
  4. Miller, Zoe (30 May 2019). "The 20 oldest banks in the world still operating today". MSN . Retrieved 2 January 2021.