CaixaBank has been named as the best private banking operator in Spain in the Euromoney Private Banking Survey 2018. CaixaBank claimed the top spot for the fourth consecutive year, based on 2,395 surveys conducted by Euromoney among institutions, high net worth managers and family office managers around the world, who identified CaixaBank as one of the most prominent private banking operators thanks to the quality of its services and business model.
CaixaBank, presided over by Chairman Jordi Gual and CEO Gonzalo Gortázar, also topped the rankings in 9 other categories: net-worth-specific services, and the subcategory of services for high net worth clients; asset management; commercial banking capabilities; family office services; research and asset allocation advice; philanthropic advice; SRA/social impact investing; succession planning advice and trusts; and innovation technology-client experience.
Jordi Gual, Chairman of CaixaBank, stated that this recognition “reflects the service excellence that we seek to provide to our clients, as well as our meticulous and fully personalised approach to consulting, run by a highly qualified team of managers”.
Meanwhile, Gonzalo Gortázar, CaixaBank CEO, pointed out that “CaixaBank’s strategic commitment to financial consulting based on the highest standards of quality and regulatory compliance has seen us shore up our leading position in medium- and long-term savings, securing growth of 5.5% in private banking assets under management during 2017, rising to €63,203 million, and expanding client numbers by 6.3% to 58,491”.
CaixaBank Private Banking, a segment in consistent growth
CaixaBank Private Banking, the CaixaBank business specialising in estates worth more than half a million euros, combines the general service provided by the bank's more than 5,000 branches with specialised consulting from a 500-strong team of experts at 46 private banking offices across Spain, and likewise harnesses technology, via the wall and videocalls, to ensure that consulting is available from any location.
CaixaBank recently set up a new independent consulting service based on new MIFID II regulations, called CaixaBank Wealth. This specialist unit is comprised of 7 wealth management professionals with extensive experience and expertise in all areas of financial markets, who provide service to the Private Banking business.
Wealth managers will be entrusted with crafting and implementing investment strategies, under the framework of a consulting agreement that establishes the parameters for relations with the bank. Said managers will also be able to compile an aggregated overview of a client’s positions, including assets held at other banks, and conduct overall risk analyses and evaluate the distribution of assets.
Furthermore, CaixaBank Private Banking has the support of the Altium team, entrusted with managing estates worth in excess of 10 million euros. Together with Private Banking managers, this team provides a full range of truly sophisticated estate management services. The team is present in Barcelona, the Basque Country, Navarra, Andalusia and Madrid, thus providing coverage across Spain.
Winning the Euromoney prize for the fourth consecutive year is evidence of the bank’s prestigious standing in the private banking segment, while endorsing a management model founded on the bank’s core values: quality, trust, and social engagement.
About Euromoney
Euromoney is a London-based financial magazine that is highly influential in capital markets. Founded in 1969, it is a globally renown publication specialising in international banking and finance news. The publication has a readership of over 145,000, including leading global figures from the worlds of finance, business, and government.
