Private banking and wealth management in Asia continued to undergo a significant structural evolution in the second quarter of 2025 to the first quarter of 2026, the period covered by The Asset’s Private Banking and Wealth Management Awards.

Against a backdrop of persistent global fragmentation, fluctuating macroeconomic pressures, and massive intergenerational wealth transfers, the region’s leading financial institutions continued shifting from a product-centric approach to advisory-led models.

Based on this year’s award submissions, the first major trend that has become evident in Asian markets, outside China and Taiwan, is the empowerment of the “One Bank” model with institutional-grade capabilities.

For the region’s ultra-high-net-worth individuals (UHNWIs) and rapidly multiplying family offices, standard wealth management products are no longer sufficient. Now, growing emphasis has been placed on the “One Bank” model.

Top private banks and wealth management institutions have increasingly integrated private banking, investment banking and capital markets capabilities, providing sophisticated clients with direct access to private deals, bespoke cross-border liquidity solutions, and highly customized structured products.

The second trend is that artificial intelligence (AI) has migrated from a back-office novelty or basic chatbot interface into a core, front-office engine of advice. Leading private banks across Asia began deploying advanced AI platforms as robust decision-support systems.

By augmenting relationship managers with sophisticated data analytics and real-time scenario modelling, banks scaled deep personalization. AI now increasingly supports portfolio construction, client insights, personalized recommendations, and risk monitoring.

The third trend that has become evident during the review period is that the multitrillion-dollar intergenerational wealth transfer across Asia is no longer a projection but an active, complex reality. In response, wealth managers have continued expanding their next-generation initiatives and family office capabilities.

Nexgen clients are increasingly tech-savvy, globally minded, and focused on institutionalizing their family wealth through structures and sophisticated multifamily office platforms.

Also, they now show growing interest in innovation, multi-asset investing and, where aligned with family objectives, impact and sustainable investing.

The fourth trend is the emergence of high-growth wealth corridors beyond the primary hubs of Hong Kong and Singapore. This is particularly true in Southeast Asia, where intense wealth creation has accelerated the demand for pan-regional connectivity.

Institutions that have successfully consolidated regional franchises and deployed localized, tech-driven sub-hubs are well-positioned to benefit from capital flows moving through the Asean wealth corridors.

By coupling agile “chief investment office” or CIO strategies – including selective asset allocation to income-oriented assets, infrastructure, private markets, and long-term structural themes such as AI – with seamless cross-border capabilities, top wealth managers help clients navigate volatility while pursuing long-term growth opportunities during a macro cycle.

The fifth trend is the continued expansion of private markets, especially private credit, private equity, infrastructure, and secondaries. Access to private market investments has become one of the clearest differentiators for UHNWIs and family office clients.

With the increasing demand for family governance and wealth management, there has been progressive development of family office service providers in markets like mainland China and Taiwan. Professionals from banking, insurance, and trust sectors, and even CFOs, are gradually setting up dedicated advisory institutions to cater to the sophisticated demands of the HNW families. Some of these innovative services and business models are recognized in the Editors’ Triple Star award.

Taiwan’s ambition to become a wealth management hub like Singapore and Hong Kong is becoming prominent. Now, with the Kaohsiung Special Zone, many wealth management services and products are open to private banks.

Clients are inquiring about Lombard lending, insurance policies and premium financing, as well as family office services. Cross-border wealth planning capabilities and tax optimization expertise are also in demand. These are reflected in the new awards categories under the family office section.

Private bankers argue that there are limited supportive or guiding initiatives under family office services, but they are lobbying the regulators. The market is expecting more details to roll out later this year or early next year.      

It is in this context that we announce winners of the Private Banking and Wealth Management Awards as part of The Triple A Private Capital Awards for Private Banks, Wealth & Investment Bank Advisers, Solutions and Index Providers 2026.

Best Private Bank – Asia

J.P. Morgan Private Bank

J.P. Morgan Private Bank has solidified its dominance as Asia’s leading private bank by delivering exceptional institutional-grade solutions to the region’s most sophisticated UHNW families, and as a result, has achieved record revenues and massive asset growth.

The bank has distinguished itself by combining advanced, AI-enhanced digital platforms with high-touch, bespoke servicing expertise, and specialized lending against complex assets and dedicated next-generation frameworks.

Best Wealth Manager – Asia

DBS Private Bank

DBS Private Bank is Asia’s premier wealth manager, propelled by its integrated “One Bank” model, advanced digital asset capabilities, and trusted institutional safety. The bank achieved this by tapping into the world’s fastest-growing wealth corridors, providing digital convenience for clients, and providing bespoke privilege programmes and enhanced client experience.

Best Private Bank for UHNWIs – Asia

J.P Morgan Private Bank

J.P. Morgan Private Bank is recognized as the top private bank for UHNWIs, combining institutional-grade investment solutions with advanced AI capabilities to consistently generate outstanding performance. Its “23 Wall” business functions as a cross-divisional bridge to seamlessly connect UHNW clients with the firm's vast corporate and investment banking resources.

Best Private Bank for HNWIs – Asia

BNP Paribas Wealth Management

BNP Paribas Wealth Management has earned the position of a premier private bank for Asia's high-net-worth (HNW) families by leveraging its unique “One Bank” model, delivering tailored credit, structured products, and elite discretionary portfolio management. Its robust chief investment office and advanced digital platforms have provided agile, multi-asset strategies to support HNW families in protecting and growing their wealth.

Best Private Bank for Impact Investing – Asia

J.P. Morgan Private Bank

J.P. Morgan Private Bank is honored as Best Private Bank for Impact Investing in Asia, highlighting its deep commitment to tailoring sustainable investment strategies. By seamlessly aligning HNW clients’ long-term wealth objectives with positive, measurable social and environmental outcomes, the bank continues to define regional industry leadership.

Best Private Bank for Next Ideas – Asia

Citi Private Bank

Citi Private Bank has secured its leadership in Asia by turning next ideas into reality for the next generation of wealth. By launching innovative products, such as its advanced philanthropy advisory, and expanding its premier "Citi Latitude" programme, the bank successfully prepares wealth successors for complex transitions. This visionary approach positions Citi as the premier choice for progressive, future-focused wealth management in Asia.

Best Private Bank for Family Office – Asia

DBS Private Bank

DBS Private Bank has cemented its position as Asia’s premier private bank for family offices by seamlessly integrating corporate, investment and private banking services under its “One Bank” model. A standout success has been DBS Foundry VCC, a pioneering multi-family office platform that has surpassed S$1 billion in assets, showcasing unmatched innovation in wealth preservation.

Best Private Bank for Family Office, UHNWIs – Asia

J.P. Morgan Private Bank

Known for its institutional-grade solutions, J.P. Morgan Private Bank excels as the premier partner for Asian family offices and UHNW clients. By focusing sharply on servicing the top 20 family offices in each of its Asian markets, the bank delivers unmatched, tailored coverage. Through its 23 Wall platform, it seamlessly combines bespoke wealth advisory with the powerhouse capabilities of its investment bank, providing these families with direct access to private deals, cross-border strategies, and institutional-grade liquidity.

Best CIO Office – Asia

DBS Private Bank

DBS Private Bank is recognized as Best CIO Office in the region, driven by its top-decile “Barbell” strategy which combines growth with income, as well as agile, high-conviction calls on gold and nuclear energy. DBS delivers stellar, institutional-grade performance for wealth portfolios.

Best Nexgen Private Bank – Asia

BNP Paribas Wealth Management

BNP Paribas Wealth Management redefines Asia’s Nexgen servicing by adapting to modern demands. Recognizing shifts towards sustainability and global agility, BNPP WM delivers advanced sustainability strategies and cross-border “One Bank” solutions. Through its deep Nexgen experience and specialized advisers, the bank empowers tech-savvy, purpose-driven heirs to family wealth to master complex family transitions and evolving wealth structures.

Best Wealth Manager – Asean

UOB

UOB has solidified its position as Asean’s premier wealth manager by capitalizing on the integration of former Citigroup franchises in Indonesia, Malaysia, Thailand, and Vietnam. The bank has also leveraged personalized AI via UOB TMRW app and deep regional connectivity to capture robust cross-border wealth flows across the region.

Best Private Bank for UHNWIs – Australia

J.P. Morgan Private Bank

In Australia, J.P. Morgan Private Bank has expanded its services for UHNWI clients by providing global access to investments, powerful research capabilities and an integrated approach across private banking and investment banking.

Best Private Bank – China

Best Private Bank for Philanthropy – China

ICBC Private Banking

As one of the largest private banks in China, ICBC Private Banking continues to grow its AUM by double digits, with a focus on UHNWI clients, especially corporate owners and scientists. The bank aims to provide an ecosystem to support clients' sustainable growth both on the wealth management side and the business development side. It is also a leader in philanthropy, advising clients on donor-advised funds and other charity trusts or programs to help them achieve their philanthropy goals on different levels and scales.

Best Law Firm – China

Zhong Lun Law Firm

Zhong Lun Law Firm's capabilities are supported by diversified case studies, covering general advisories for HNWI clients and setting up trusts. One of the most common concerns of these clients last year was taxation. And the law firm was able to cater to their sophisticated demands with its wide range of tax services. 

Best Family Office Experience, Advisory Services – Greater China

Panhe Family Office

Panhe Family Office continues to provide advisory services to HNWI clients in Greater China markets. Panhe has captured market opportunities in the growing number of Taiwanese clients considering setting up family offices in Hong Kong and Singapore. The firm also sees a growing demand in succession planning, and has showcased its capabilities through case studies and client feedback.

Best Private Bank – Hong Kong

DBS Private Bank

DBS Private Bank wins this award for its comprehensive products and solutions under the One Bank proposition that aligns with the wealth management needs of HNW and UHNWI clients in Hong Kong.

Best Private Bank UHNWIs – Hong Kong

J.P. Morgan Private Bank

J.P. Morgan Private Bank wins this award for its century-long experience in servicing UHNWI clients in Hong Kong, offering them access to institutional-grade research, exclusive alternative investment opportunities, and seamless connectivity to international markets.

Best Private Bank for HNWIs – Hong Kong

BNP Paribas Wealth Management

BNP Paribas Wealth Management wins this award for its dedicated service to HNWI clients in Hong Kong, especially next-generation clients. Its efforts have turned into sustainable growth in AUM, revenue, and the number of relationship managers and clients. 

Best Private Bank for Philanthropy – Hong Kong

BNP Paribas Wealth Management

BNP Paribas Wealth Management gets this recognition by launching a donor-advised fund platform in Asia, which allows UHNWI and HNWI clients in Hong Kong and Singapore to better manage their philanthropic portfolios and create long-term value.

Best Boutique Wealth Manager – Hong Kong

Carret Private

Carret Private wins this award for its independent sourcing of investment products, giving it full control over product design, risk parameters, and cost efficiency, thereby enabling it to deliver long-term value to UHNWI and family office clients.

Best Wealth Manager – Hong Kong

CMB International Securities

CMB International Securities has demonstrated steady growth in AUM and client accounts through its innovative product and service offerings that meet the wealth management needs of both HNW and mass affluent clients.

Best Securities Firm for HNWIs – Hong Kong, Winner

CMB International Private Wealth Management

CMB International Private Wealth Management continues to capture market share, with net new money accounting for 50% of its high double-digit percentage of AUM growth. Its HNW client base has increased by 30% despite the large base, and its wealth management advisory capabilities and product offerings have received positive reviews from clients. 

Best Securities Firm for HNWIs – Hong Kong, Highly Commended

Huatai International Private Wealth Management

As one of the leading Chinese securities firms in Hong Kong providing private wealth management services to HNWI clients, Huatai International Private Wealth Management has accelerated its growth pace in line with the expanding offshore wealth of its Chinese clients, whose AUM has recorded high double-digit growth. Leveraging strong counterparty resources, Huatai provides a wide spectrum of products to clients.

Best Private Bank – India

360 One

360 ONE Wealth cemented its position as India’s premier private bank during the awards period. In addition to substantially growing its assets, the bank has aggressively expanded by acquiring digital platform ET Money, completing the integration of B&K Securities, and establishing pioneering onshore-offshore global investment bridges via GIFT City.

Best Private Bank for UHNWIs – India

Barclays Private Clients

Barclays Private Bank solidified its dominance in India’s UHNWI ecosystem by leveraging an open-architecture platform and offering access to seamless international wealth corridors. It continues to deliver institutional-grade advisory and bespoke family office solutions tailored to India’s UHNW clients.

Best Private Bank for HNWIs – India

Nuvama Private

Nuvama Private has cemented its position as a powerhouse in India’s HNWI segment. Its bespoke advisory platform is powered by a fully integrated digital ecosystem, exceptional asset growth, open-architecture advisory, and cutting-edge suite of digital tools.

Best Wealth Manager – India, Winner

Motilal Oswal Private Wealth

Motilal Oswal Private Wealth solidifies its position as a premier wealth manager in India. Celebrated for its robust advisory framework and research-backed “Buy Right, Sit Tight” philosophy, the firm continues to drive exceptional value for its HNW clients through strategic asset allocation, innovative structured products, and customized financial solutions.

Best Wealth Manager – India, Highly Commended

Centrum Wealth Management

Centrum Wealth is recognized for its client-centric advisory model, expansion across 17 cities, and stellar discretionary portfolio management. Key milestones included launching its integrated Wealth First 2.0 platform, which has yielded extraordinary efficiency gains.

Best Boutique Wealth Manager – India, Winner

Capital League

The all-women-led Capital League has solidified its reputation as India’s premier boutique wealth manager by providing high-touch, customized financial solutions, independent multi-family office advisory, and trusted multi-generational legacy planning for portfolios.

Best Boutique Wealth Manager – India, Highly Commended

Alpha Capital

Alpha Capital is recognized as one of India’s premier boutique wealth managers and multi-family offices, with a core focus on mid-sized UHNW clients and affluent family offices.

Best Private Bank – Indonesia

PT Bank Negara Indonesia (Persero) Tbk

Though a state-owned enterprise, PT Bank Negara Indonesia (Persero)’s elite BNI Private division is recognized for cross-generational legacy planning, premium multi-currency digital integration, and sustainable wealth advisory.

Best Private Bank for HNWIs – Indonesia

PT Bank Rakyat Indonesia (Persero) Tbk

As a leading bank in Indonesia, PT Bank Rakyat Indonesia (Persero) Tbk (BRI) services a broad spectrum of individual clients. Through personalized advisory services, HNW clients' financial objectives, risk profile and evolving lifecycle needs are addressed. 

Best Wealth Manager – Indonesia, Winner

PT Bank HSBC

PT Bank HSBC Indonesia wins as Best Wealth Manager – Indonesia for the eighth consecutive year. Celebrated for its robust offshore capabilities and innovative digital tools, the bank has further expanded its footprint by launching state-of-the-art Wealth Centers in Jakarta and Surabaya.

Best Wealth Manager – Indonesia, Highly Commended

DBS Indonesia

Bank DBS Indonesia continues to solidify its reputation as a top wealth manager, securing high commendations during the awards period. Recognized for digital innovation and seamless advisory services, the bank remains a premier partner for navigating domestic investment opportunities and global wealth.

Best Wealth Manager – Malaysia

HSBC Malaysia

Recognized by The Asset as Malaysia's Best Wealth Manager for two consecutive years, HSBC Malaysia dominated the affluent market driven by its upgraded Premier Elite services and the flagship TRX Wealth Centre. The bank seamlessly fuses bespoke international advisory with outstanding, award-winning digital wealth solutions.

Best Private Bank – Philippines, Winner

Best Private Bank for Family Office – Philippines

BPI Private Wealth

BPI Private Wealth wins as Best Private Bank in the Philippines for its structured client progression model and industry-first innovations. Its comprehensive onshore Multi-Family Office program offers premier estate, trust, and cross-border advisory. BPI Private Wealth displayed its leading family services capabilities by helping UHNW clients restructure their portfolios under challenging conditions. Coupled with robust digital onboarding infrastructure and a unique “Wealth Loans” facility that provides seamless portfolio liquidity, BPI continues to dominate the regional UHNWI segment.

Best Private Bank – Philippines, Highly Commended

BDO Private Bank

BDO Private Bank is Highly Commended in the Best Private Bank in the Philippines category. As the nation’s largest private banking institution, this accolade reaffirms its market-leading wealth management solutions, tailored investment advice, and commitment to preserving intergenerational client legacy.

Best Private Bank – Singapore

DBS Private Bank

DBS Private Bank has cemented its status as Singapore’s premier private bank by leveraging its unique “One Bank” model and an innovative digital asset framework, capturing unprecedented regional family office and high-net-worth inflows, and combining robust investment performance with the unmatched institutional safety of Singapore as a top-rated credit jurisdiction.

Best Private Bank for UHNWIs – Singapore

J.P. Morgan Private Bank

J.P. Morgan Private Bank is recognized as Best Private Bank for UHNWIs in Singapore for its institutional-grade solutions, “One Bank” synergy, and 23 Wall team. Its sophisticated hybrid advisory, AI integration, and flexible specialty lending cemented its dominance in the UHNW segment.

Best Private Bank for HNWIs – Singapore

DBS Private Bank

DBS Private Bank has cemented its status as the top choice for Singapore’s HNWI clients. By leveraging on its “One Bank” model, AI-powered advisory, and innovative DBS Foundry VCC, the bank has seamlessly integrated corporate, digital asset and wealth-planning solutions for regional entrepreneurs.

Best Private Bank for Family Office – Singapore

DBS Private Bank

DBS Private Bank remains Singapore’s premier wealth hub for family offices, managing over one-third of the nation’s single-family offices. The bank leverages its innovative “One Bank” model to bridge private, corporate and investment banking. Its pioneering tax-efficient, plug-and-play structures, as well as its landmark Multi-Family Office Foundry VCC offer a seamless, secure haven for global generational wealth.

Best Private Bank for Philanthropy – Singapore

J.P. Morgan Private Bank

J.P. Morgan Private Bank stands out as Singapore’s premier choice for philanthropy. Combining its institutional global network with localized expertise, the bank delivers bespoke cross-border structuring, external donor-advised fund structuring, and multi-generational legacy planning. Its dedicated “One Bank” synergy seamlessly integrates corporate capabilities with high-touch advisory, enabling UHNW families to generate sustainable, cross-border social impact.

Best Wealth Manager – Singapore

UOB

United Overseas Bank (UOB) has solidified its position as Singapore’s premier wealth manager for local investors during the awards period by combining customized advisory with a low, accessible threshold for its Wealth Banking tier, democratizing its premium wealth services.

Best Private Bank – Taiwan

Best Private Bank for Family Office – Taiwan

CTBC Bank

As the leading private bank in Taiwan, CTBC Bank continues to grow its AUM, recording double-digit growth in AUM both for onshore and offshore businesses. As a major player in the family office space, CTBC taps UHNW clients, especially the corporate owners, taking a large market share. Its capability is widely recognized by the market.

Best Private Bank for HNWIs – Taiwan, Winner

Best Private Bank for Family Office, Cross-border Services – Taiwan

Cathay United Bank Private Banking

Cathay United Bank Private Banking continues to attract HNWI clients with its sophisticated product offerings. With the new regulatory initiatives in Kaohsiung, the firm can now integrate three teams in Taiwan, Hong Kong and Singapore and provide cross-border financing and wealth management solutions, leveraging leading global systems to offer unified services to clients in Taiwan.

Best Private Bank for HNWIs – Taiwan, Highly Commended

E.SUN Bank

E.SUN Bank’s private banking AUM increased by a high double-digit percentage. The bank continues to grow its market share and client base, particularly in the HNW segment.

Best Private Bank Experience, Privilege Services – Taiwan

DBS Taiwan

DBS Taiwan has launched a cross-border remittance service, DBS Remit, for its HNWI clients. This innovation has enabled same-day international transfers with no remittance or cable fees. Moving beyond traditional SWIFT-based transfers with multiple intermediaries, it optimizes both system architecture and product design to reduce delays and costs.

Best Private Bank for Family Office, Tax Advisory – Taiwan

Taipei Fubon Bank

As one of the leading private banks, Taipei Fubon Bank has focused on family office services. It has showcased its capabilities in meeting family-office demands, especially those concerning tax optimization.

Best Securities Firm for HNWIs – Taiwan

KGI Securities

KGI Securities has expanded its HNW business by making their private banking entity a stand-alone business. It stands out in product offerings and also works with local financial institutions. The firm has developed a Wealth Management Professional (WMP) certification, the first professional recognition covering investment, insurance, trust, taxes, and other legal aspects, thereby helping raise service standards.

Best Wealth Manager – Taiwan, Winner

Cathay United Bank

As one of the top banks in wealth management in Taiwan, Cathay United Bank recorded a double-digit growth in net income and a high single-digit rise in client numbers despite its large base. With a sophisticated product offering, its client satisfaction rate is the highest among its peers in Taiwan.

Best Wealth Manager – Taiwan, Highly Commended

Yuanta Bank

Yuanta Bank has recorded double-digit growth in its wealth management business. About 70% of its net new money comes from new clients. Its Family Wealth Management programme continues to attract new clients and contribute to the overall AUM.

Best Private Bank – Thailand

Kiatnakin Patra Securities

Kiatnakin Phatra Securities’ performance reveals strong operational momentum across private banking, wealth management, and structured products during 2025 and the first quarter of 2026. The firm navigated macroeconomic transitions, such as Thailand’s shifting offshore tax regulations and market volatility, by pivoting towards global diversification and alternative asset structures.

Best Wealth Manager – Thailand

CIMB Thai

CIMB Thai is recognized as Best Wealth Manager in Thailand for its tailored digital platform, robust open architecture, and innovative investment solutions, that have delivered growth for its clients. Driven by a stronger advisory-led business model and digital acceleration, the bank has achieved meaningful improvements in both income quality and operational efficiency.

Editors’ Triple Star

Elderly Care Trust E.SUN Bank

Supported by the Taiwanese regulator, Elderly Care Trust aims to provide better retirement planning against the backdrop of an ageing society. E.SUN Bank has been actively providing this product, ranking first among private banks in Taiwan.

GBA Family Office Advisory

Everbright Securities International

As a leading wealth management firm based in Hong Kong with a global vision, Everbright Securities International has established its Family Office Centre to service the growing demand of Greater Bay Area clients.

AI-based Practical Case Training

Far Eastern International Bank

Using AI tools to anonymize existing client cases, Far Eastern International Bank has shortened internal communication cycles among professional teams, integrating client background information, client demands, regulations, and tax expertise, while generating training modules and producing practical solution frameworks.

Cross-regional Wealth Planning

Yino Asset

Leveraging an in-house asset management arm and its experience in family governance, Yino Asset aims to service Chinese entrepreneurial families by providing cross-regional portfolios.

Multi-Family Office Advisory Platform

Youmy Family Office

Youmy Family Office provides a back-office platform that covers key capabilities and resources related to family asset management, such as wealth management, and tax advisory, to service the growing family office advisory institutions.

To see the full list of winners, please go here.

To learn more about the awards, please go here.

Please contact celebrate@TheAsset.com for details of the awards dinner.