Banks are one of the safest places for people to store their savings. They offer interest to our savings and provide capital and loan for us to do business. Private banks are run by big organisations or a majority of shareholders are private players. They not only offer consumer banking but also a whole new range of services like wealth management, assets management and overseeing mergers & acquisitions. Here are the top 10 best and largest private sector banks in the world in 2019.

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10. Pictet

Best Private Sector Bank 2019

Pictet is one of the premium premier independent asset managers in Europe. It was found in 1805 with its headquarters in Geneva, Switzerland. It currently employees 4200 people of which about 900 are investment managers. It has 26 offices around the globe with main centers in Geneva, Luxemburg, Hong-Kong and Singapore. Its services include wealth management, asset management and asset servicing to private clients around the world. Pictet is not an investment banking firm and it doesn’t provide commercial loans.

9. BNP Paribas

Best Private Sector Bank

BNP Paribas is an international banking group with its headquarters in Paris, France. It has its presence in about 75 countries around the world. It was formed by merging Banque Nationale de Paris and Paribas. Its brand value is about 15 billion euros. It employees around 190,000 people in its offices across the globe. Some of its services are retail banking, corporate & institutional banking, investment solutions, consumer and private banking. It is the official sponsor of the French Open.

8. Deutsche Bank

Best Private Sector Bank

Deutsche Bank AG is a German global banking and financial service company, having its headquarters in Frankfurt, Germany. It employees 100,000 people in about 70 countries around the globe. It is the largest bank in the world in terms of total assets. Investment banking, sales, trading, corporate finance, mergers & acquisitions, retail banking are some of the services offered by this bank. HNA group, which is a Chinese conglomerate holds about 10.0% stake in this bank. It has won several IFR (International Finance Review) awards for its performances.

7. Citibank

Best Private Sector Bank

Citibank is the financial division of the Citigroup, an American multinational banking services corporation. Citigroup has its presence in about 160 countries with more than 200 million customer accounts. It was started as city bank of New York in 1812. Its headquarter is in Manhattan, New York. It is the 2nd best private sector brand in the world. Citi bank has a major presence in United States, Mexico, Poland, Russia, India and the United Arab Emirates.

6. UBS

Best Private Sector Bank

UBS AG is a Swiss-based multinational financial services company. It is the one of the best private sector banks in the world. Its headquarters are in Zurich and Basel. The term UBS first stood for Union Bank of Switzerland. It operates in more than 60 countries with around 60,000 employees. Its major services include wealth management, asset management and investment banking services. It has a major presence in the United States with its headquarters in New York. It sponsors many sports events like the UBS Hong Kong open and UBS Japan Golf tour championship.

5. Julius Baer

Best Private Sector Bank

Julius Baer Group Ltd is a Swiss private banking group with its headquarters in Zurich, Switzerland. It was founded in the year 1890. It has an employee count of about 5300 and is active in around 20 countries across the world. Some of its services includes private banking, wealth management and investment consultancy. Global Asset Management, an independent asset management business company is a subsidy of Julius Baer Group. Julius Baer foundation sponsors various which benefits younger generation people. Its revenue was $2 billion CHF in 2016.

4. Goldman Sachs

Best Private Sector Bank

Goldman Sachs Group Inc. is an American multinational finance company. It was founded by Marcus Goldman in 1869. Its headquarters is in Lower Manhattan, New York. It owns GS Bank, which is a direct bank present in the USA. Its services include investment banking, investment management, asset management, mergers and acquisitions advice, securities underwriting services. It employees around 35,000 people. It has assets worth $860 billion dollars around the world.


Best Private Sector Bank

HSBC Holdings PLC is a British multinational banking services company originating from Hong Kong. The Hong Kong and Shanghai bank established in 1866 was its predecessor. It is the 3rd best private banking organisation in the world. Its headquarters is at Canary Wharf, London. It serves 37 million customers with over 4000 branches in about 70 countries. It is well known for its conservative and risk-free approach to business investments. Its services are commercial banking, retail banking, wealth management, global banking. It is the official banking partner of the Wimbledon Championships, one of the grand slam tennis tournaments.

2. Credit Suisse

Best Private Sector Bank

Credit Suisse Group is a Swiss multinational holding company. Its headquarters is in Zurich, Switzerland. It was formed in the year 1856. It has four major divisions investment banking, private banking, assets management and a shared services group to support the other divisions. It employs about 50,000 people in its various branches around the world. It helped build the Switzerland rail system and its Electrical grid system with its capital during the 19th century. Roger Federer is the global brand ambassador of Credit Suisse Group.

1. JP Morgan

Best Private Sector Bank

JP Morgan Chase & Co is an American multinational financial services holding company. It occupies the top position in the list of best private banks around the world. Chase Manhattan Corporation merged with JP Morgan & Co to form this organisation in the year 2000. Its various subsidies include chase bank, J.P. Morgan & Co, J.P. Morgan Cazenove, One Equity Partners. Its headquarters is in New York, United States. It employees around 250,000 people and is the official sponsor of US Open grand slam tennis championship.

Private banks were started by individuals or firms without any help from the government. They are not owned or controlled by the government. Private banks have grown over these years and have now started to overtake government-controlled banks in terms of assets and working capital. They offer more interest to deposits and have hence earned the favor of people from across the globe.