Credit Suisse scooped the Euromoney award for best global private bank, while rivals HSBC and UBS picked up honours at the annual rankings of wealth management firms yesterday.

The Zurich-listed bank retained its title – awarded last year – for “best private banking services overall”; UBS, HSBC, Citi and JP Morgan came second, third, fourth and fifth respectively. The awards were announced yesterday in London.

For “super affluent” banking ($500,000 - $1.0 million) – HSBC came first, holding its position from a year before; for “high net worth” ($1 million to $10 million), HSBC also retained its top spot. In the “high net worth” ($10 to $30 million) bracket, the top award was retained by UBS. UBS also came top in the “ultra high net worth” (more than $30 million) segment, having been ranked third a year before.

For “relationship management”, Credit Suisse picked up the top award, and it also picked up top spot for “privacy and security”.