Finance:Private bank

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Short description: Type of financial institution

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.

These 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

Germany

Schwäbische Bank (now part of M.M.Warburg)
  • 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 Netherlands[1] and the Benelux[2][3] and one of the oldest independent banks in the world.[4]

Switzerland

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

Rosenthal and Rosenthal private bank

See also

References

External links