Best Western banks for millionaires from Russia Forbes rating

Rating Forbes "Top private banks and wealth managers" is the industry participants in private banking and wealth management in the nomination "Foreign bank for clients with assets of $ 20 million." These are the banks controlled by foreign capital, which have subsidiaries and representative offices in Russia or Russian-language website. Having up to $ 20 million short-list does not include banks, aimed at working with customers.

To compile the rating, we surveyed 123 banks and financial companies, which manages more than $ 150 billion from Russian customers, and get an answer 43 respondents. Rating score is 60% dependent on the number of votes cast for a particular nominee of the market participants. 40% of the results depends on the following parameters: revenue, number of certified personnel, availability of offices abroad and complete product line. entry threshold specified in the ranking does not provide access to the full range of individual services, depending on whether a financial solutions require larger balances.

Learn more about the top 10 Western banks for millionaires from Russia - in our gallery.

Credit Suisse

Rating points: 100

Established: 1856

Headquartered in Zurich, Switzerland

CEO: Tijan Thiam, in Russia - Steven Hellman

Offices for the Russians: Russia, Switzerland, Austria, Monaco, United Kingdom, Singapore

entry threshold: 1 million Swiss francs

Representation of Credit Suisse appeared in Moscow in 1976, when the country is actively arming and Soviet military advisers began to work in Afghanistan. Local licensed Swiss bank, received in September 1993, on the eve of the execution of the White House. In 2006, after years of economic stagnation and sovereign default, the bank started to build a service business of millionaires in Russia. And politics is unlikely to thrust the Swiss to leave the Russian market, where the bank has become a low-cost airlines in private banking. Three years ago, the bank reduces costs and turned local investment arm, but continues to trade securities and provide services to private banking. Credit Suisse - one of the largest private banks in the world, under the control of assets - 1, 3 trillion Swiss francs 2 million affluent customers bring 12, 6 billion francs a year.

Julius Baer

Rating Score: 80

Year of foundation: 1890

Headquartered in Zurich, Switzerland

CEO: Boris Collard, in Russia - Evgeny Smushkovich

Offices for Russians in Switzerland, Monaco, United Kingdom

entry threshold: $ 1 million

Julius Baer - a global bank specializing in private banking, manages client assets to 290 billion Swiss francs. Julius Baer is actively growing through acquisitions in recent years, the bank bought the ING Bank (Switzerland), the Swiss Business Bank of China and Merrill Lynch unit for asset management outside the United States. However, until the bank failed to reach pre-crisis level, when assets under management reached 400 billion francs. Competition is very high: in an interview with Boris Collard said that Julius Baer clients opened accounts in other banks - UBS, Credit Suisse, Pictet, Lombard Odier and Edmond de Rothschild. Two years ago, the bank has created a new group to work with Russian clients.

UBS Group

Rating Score: 60

Established: 1854

Headquartered in Zurich, Switzerland

CEO: Sergio Ermotti, in Russia - Elena Titova

Offices for the Russians: Russian, Switzerland, Monaco, United Kingdom, Singapore

entry threshold: $ 2 million

UBS - Switzerland's largest financial holding company and the world's largest private bank, managing client assets of almost $ 2 trillion Swiss francs. In the crisis of 2008, the bank showed a record in the history of the Swiss loss of business, loss of 20, 9 billion francs, and held a large-scale reorganization. UBS reduced investment and trading unit, but at the heart of its strategy remains the business of wealthy people wealth management. Here, the bank began to focus on wealthy clients. The typical size of the account at UBS wealthy clients from Russia is $ 10-20 million, at multimillionaires - $ 100-300 million.

Pictet Group

Rating Score: 50

Established: 1805

Headquarters: Geneva, Switzerland

Senior Partner Jacques de Saussure

entry threshold: $ 5 million

Pictet - Private classic Swiss bank, which is not engaged in investment banking and commercial lending. Until recently, seven of his partners personally responsible for the state of the bank's liabilities, managed client assets of 166 billion Swiss francs. Since 2014 Pictet has ceased to be a partnership that brought him to save on taxes, and now this bank is obliged to disclose the public accountability. Nevertheless, Jacques de Saussure assured customers that most of the assets of the partnership is in the bank, and the site still says that the principle responsibilities of the partners remains unchanged. The Bank is obliged to the phenomenal growth of the business, Ivan Pictet, predecessor Jacques de Saussure. Since 2012, Pictet is part of the board of directors of "Lukoil".

JPMorgan Chase

Rating Score: 42

Established: 1799

Headquarters: New York, USA

CEO: James Dimon, Russia - Jan Tavrovsky

entry threshold: $ 10 million

The largest bank in the United States opened a representative office in Moscow in 1973, after 20 years, received a license of the Bank of Russia. The head of the bank's James Dimon - a member of the Presidential International Advisory Council on the establishment and development of an international financial center in Russia. Local "George. JP Morgan Bank International "works only with legal entities. In Europe, the services of a private bank and wealth management are available in Luxembourg, Switzerland and the UK. Imposition of international sanctions has complicated relations of the bank with Russian clients. In 2014, the bank has blocked for a few days operation of the Russian Embassy in Kazakhstan on transfer of insurance payments to the insurance company "SOGAZ", whose shareholders are in the US Sanctions list. The Russian Foreign Ministry called the blocking of illegal and threatened retaliation against the US Consulate General in Russia.

Deutsche Bank

Rating Score: 42

Established: 1870

Headquarters: Frankfurt, Germany

CEO: John Kraen and Jürgen Fitschen, in Russia - Paul Tepluhin

entry threshold: € 5 million

The Russian "daughter" Deutsche Bank received a license to the Bank of Russia in April 1998. In 2003, the Bank began to develop the business of Private Wealth Management. Ten years ago, Russian officials have predicted a steady inflow of capital into the country, and Deutsche Bank was the first foreign bank to offer wealthy Russians service "family office" for the capital of several generations of management. However, capital flowed in the opposite direction. In 2015 due to the economic downturn Deutsche Bank plans to cut about 100 of the 1,300 employees. Several other people went to the forced leave in connection with an internal investigation of laundering $ 6 billion, part of which was in London. Investigation showed interest in the Bank of Russia, the UK authorities and the United States.

Goldman Sachs

Rating Score: 39

Established: 1869

Headquarters: New York, USA

CEO: Lloyd Blankfein, in Russia - Anatoly Shvedov

entry threshold: $ 10 million

Representative office in Russia opened a bank began to work as a broker in 1998, since 2006, received a banking license in the spring of 2008. In Europe, wealth management services are available to customers through Swiss Goldman Sachs Bank AG and the London office of Goldman Sachs International. In 2013, one of the pillars of Wall Street financiers who referred to simply as "company", started work to improve Russia's investment image. For $ 500 thousand consultants were taken within three years of work to improve Russia's international rankings, providing a "soft impact on key audience." Policy prevented.

Lombard Odier

Rating Score: 39

Established: 1796

Headquarters: Geneva, Switzerland

Senior partner Patrick Odier, in Russia - Arnaud Leclercq

entry threshold: $ 5 million

Bank represented in 20 countries around the world, manages client funds to 161 billion Swiss francs. Lombard Odier first private bank to open an office abroad - in Montreal in 1950, then became the first European bank with retail space on the New York Stock Exchange. A separate group of experts in Russia appeared in the bank in 2006, in 2010 the Bank opened a representative office in Moscow. Patrick Odier, in an interview called Russia a new priority markets and said that he "likes to solve non-standard tasks customers from Russia and Eastern Europe."

VP Bank

Rating Score: 35

Year of foundation: 1956

Headquarters: Vaduz, Liechtenstein

CEO: Alfred Moekli in Russia - Jean-Michel Brunet

entry threshold: discussed individually

Independent Liechtenstein bank based princely adviser on trade Guido Fegerom, to invest $ 2 million Swiss francs. Bank with client assets of 31 billion Swiss francs provides services in Moscow, Zurich, Luxembourg, Singapore and Hong Kong. Moscow representation of VP Bank opened in 2005. In 2013, the Bank signed a partnership agreement with BIN-Bank, whose clients can get investment advice of European experts or entrust them to asset management.

Rothschild Group

Rating Score: 32

Year of foundation: 1954

Headquartered in Zurich, Switzerland

CEO: Nigel Higgins, in Russia - Elena Andrianova

entry threshold: discussed individually

Business Group Wealth Management Rothschild Wealth Management & Trust created the heirs of Mayer Amschel Rothschild in 1954. Several years later, the descendants of British and French branches of the family established Swiss bank Rothschild Bank AG. Heirs finally came together as partners Rothschild Group in 2003. Among its historical customer group called the British Queen Victoria, the French King Louis-Philippe, composers Gioachino Rossini and Johann Strauss. Now the bank has 4,000 retail customers in 90 countries. In Moscow, the business group is represented by the consulting company Rothschild Global Financial Advisory. The head of the Russian office of Elena Andrianova supports communication with the control center of wealth and philanthropy at the Moscow School of Management "Skolkovo".