The Private Banker International (PBI) Global Awards celebrate the best-in-class institutions and outstanding individuals engaged in wealth management globally. They have become established as the most prized accolades in the wealth business, identifying the institutions which have become the industry benchmarks as well as those companies who have made outstanding progress in an increasingly competitive environment.
This year the PBI Wealth Summit held at Singapore on 5th Oct 2009, hosted the prestigious PBI Awards for excellence and best practice, in recognition of industry leaders, individuals and organizations that are setting new benchmarks. The awards were particularly relevant this year, as the wealth industry adapts to the most testing period in the global private banking's recent history.
The Wealth Management Awards are based on nominations from the worldwide readership of the global wealth journal with winning institutions chosen by the magazine’s advisory board of independent industry experts.
Macquarie’s approach to risk management is long-standing. Strong risk management practices are embedded in business unit management with central oversight of credit, market, funding, compliance and operational risk. These, together with committed, quality staff are key drivers of Macquarie’s success.
William Cain, editor of Private Banker International (PBI), the wealth management industry's leading journal said, “One of the most important considerations for the Private Banker International awards was a clear commitment to investment in the future of the business and its people".
The most challenging award category this year was the “Most Exciting New Wealth Management Model”, with a shortlist of the best in the industry and a virtual photo finish according to the jury. The finalists were Religare Macquarie Private Wealth, MASECO Financial, SG Private Banking / Rockefeller & Co. Global Alliance The award evaluated and identified the business models that are proving most robust and successful in coping with such a rapidly changing and evolving wealth business, globally and particularly in Asia.
The globally prestigious honor of the “Most Exciting New Wealth Management Model” was finally bestowed on Religare Macquarie Private Wealth.
William Cain, editor of Private Banker International (PBI), the wealth management industry's leading journal, while announcing the award said, “Religare Macquarie has been among the most ambitious projects in Indian wealth management, nowadays the centre of so much competition. It set up an entirely advisory-based platform earlier this year…….. Religare Macquarie is sure to shake up the Indian wealth management industry."
This global recognition is a glowing endorsement of Religare Macquarie’s advisory led proposition.