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.
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:
- Unincorporated banks owned by either an individual or a general partner(s) with limited partner(s).
- Incorporated banks specialized in wealth management for high-net-worth individuals.
China
- Bank of Communications, founded in 1908
- China Merchants Bank
France
- Compagnie Financière Edmond de Rothschild, Paris, founded in 1953; a member of Edmond de Rothschild Group
- Société Générale
Germany
- Delbruck Bethmann Maffei, Frankfurt, founded in 1748; a member of ABN AMRO
- M. M. Warburg & Co., Hamburg, founded in 1798
- Sal. Oppenheim, Cologne, founded in 1789; a member of Deutsche Bank
Italy
- Banca Sella Group, founded in 1886.
Liechtenstein
- LGT Bank, Vaduz, founded in 1920; owned by Princely Family of Liechtenstein
Netherlands
- Maduro & Curiel's Bank, Willemstad, Curacao founded in 1917
- MeesPierson, Rotterdam, founded in 1720: a member of ABN AMRO
- Van Lanschot Kempen, founded in 1737. It is the oldest independent bank in the Netherlands1 and the Benelux23 and one of the oldest independent banks in the world.4
Switzerland
- Banque privée Edmond de Rothschild, Geneva, founded in 1923; a member of Edmond de Rothschild Group
- Baumann & Cie, Banquiers, Basel, founded in 1920
- EFG International, Zurich, founded in 1995; a member of EFG Group, Geneva
- Hyposwiss Private Bank Genève SA, founded in 1889
- Julius Baer, Zurich, founded in 1890
- Landolt & Cie, Lausanne, founded in 1780
- Lombard Odier & Cie, Geneva, founded in 1796
- Pictet & Cie, Geneva, founded in 1805
- Union Bancaire Privée, Geneva, founded in 1969
- MBaer Merchant Bank AG, Zurich, founded in 2018
United Kingdom
- Arbuthnot Latham & Co., London, founded in 1833
- Brown Shipley, London, founded in 1810; a member of KBL epb Group
- Cater Allen, London, founded in 1816: a member of Santander
- Child & Co., London, founded in 1664; a member of NatWest Group
- C. Hoare & Co., London, founded in 1672
- Coutts & Co., London, founded in 1692; a member of NatWest Group
- Hampden & Co., Edinburgh, founded in 2015
- Weatherbys, Established in 1770 as a bank to the horse racing industry, now based in Northamptonshire
United States
- Brown Brothers Harriman & Co., New York City, founded in 1818
See also
External links
References
Burggraf, Helen (7 June 2017). "UBS to sell its Netherlands wealth management biz". International Investment. Retrieved 3 February 2021. https://www.internationalinvestment.net/internationalinvestment/news/3503988/ubs-sell-netherlands-wealth-management-biz ↩
"A Chinese carmaker agrees to buy a Danish investment bank". The Economist. 5 October 2017. https://www.economist.com/news/finance-and-economics/21730048-despite-curbs-outward-investment-chinese-firms-are-expanding-european ↩
"COMPANY NEWS; Belgian Bank Deal". The New York Times. 25 April 1990. p. 5. Retrieved 3 February 2021. https://www.nytimes.com/1990/04/25/business/company-news-belgian-bank-deal.html ↩
Miller, Zoe (30 May 2019). "The 20 oldest banks in the world still operating today". MSN. Retrieved 2 January 2021. https://www.msn.com/en-us/money/news/the-20-oldest-banks-in-the-world-still-operating-today/ss-AAC5XIc#image=9 ↩