Bangladesh's ASA, a micro-finance institution, was awarded the "Bottom of the Pyramid" award by The Financial Times and the International Finance Corporation. The Bottom of the Pyramid award recognizes efforts to provide financial services to the 4 billion people living on less than 2 dollars a day.
E+Co, a non-profit investment company that tackles climate change and poverty has been awarded the Sustainable Investor of the Year. E+Co invests in individual energy enterprises and building a portfolio of companies that provide clean energy products and services. The organization aims to provide modern energy services to 10 million people in Asia, Africa and Latin America by the year 2010.
More information about the FT Sustainable Banking Awards, including judging criteria and award categories, can be found at: www.ftconferences.com/sustainablebanking.
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Historically private banking has been viewed as very exclusive, only catering for high net worth individuals with liquidity over $2 million, although it is now possible to open some private bank accounts with as little as $250,000 for private investors. An institution's private banking division will provide various services such as wealth management, savings, inheritance and tax planning for their clients. A high-level form of private banking (for the especially affluent) is often referred to as wealth management.
According to Euromoney's annual Private bank and wealth management rankings, which consider assets under management, profitability, ratio of clients to relationship managers and services offered, global private banking assets under management are up over 128% year on year.
banker
Private banking institutions showed an increase in profits and assets under management in 2006 following a period of slow growth by 3.8% in 2004
www.moneylogical.co.uk
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