JP Morgan has been named the world’s “Best Global Private Bank” in Euromoney’s 12th annual survey of the global private banking industry. 

The survey was based on a peer review of private banking competitors and industry players from nearly 500 institutions in 70 countries, as well as company factors including assets under management, profitability, the ratio of clients to relationship managers and range of services offered, said a statement.

Phil Di Iorio, chief executive officer, said: “It is an honour to receive this recognition from Euromoney. This award is not only a testament to our employees’ commitment to our clients; it further reinforces the strength of our franchise and our global footprint.”

In addition, Di Iorio was the recipient of Euromoney’s inaugural award for the ‘Best Global Private Bank CEO.’

He joined the bank nearly 30 years ago, and among his accomplishments, he has been instrumental in the build out of the bank’s brokerage, global capital markets solutions and advisory capabilities, which now include more than 1,000 professionals dedicated to looking for investment opportunities and delivering ideas to clients.

Other regional and country award for JP Morgan included ‘Best Private Bank in the United States – Overall’ and ‘Best Private Bank in Latin America – Overall,” said the statement.

In the ultra high net worth segment, the bank was recognised as the top private bank in France, Italy, Spain, Argentina, Mexico, Peru, Thailand and the UK, it added - TradeArabia News Service