Northern Trust picks up the award for Best Private Bank in the US and Itaú Private Bank picks up the award for Best Private Bank in Latin America.

Schroders Private Banking picks up the award for Best Private Banking Boutique.

Pictet & Cie picks up the award for Best Private Bank in Europe, Best Private Bank in Switzerland and Best Brand in Private Banking.

PWM/The Banker's third annual Global Private Banking Awards come as a whole new wave of structural change is about to hit the wealth management industry.

PWM/The Banker's second annual Global Private Banking Awards have seen a focus among wealth managers in most regions on operational strength, asset allocation and how these topics are communicated by client advisers to their wealthy customers.

The Banker's panel of judges salutes the best banks in 144 different countries based on their performances over the past year.

PWM/The Banker’s inaugural Private Banking Awards were established with the aim of provoking a move to greater transparency and accountability in a growing global wealth management industry, which sees itself increasingly under the gaze of national and supra-national regulators. We also felt it was time to properly reward institutions which are doing their best for the private client.