Private banking
Editorial writing on Private banking from The Family Office Almanac.
Citi builds a vetted list of specialists for its family office clients, and takes no fee for the introductions
On 10 September 2026, Citi Wealth launched The Specialist Collection, a curated network of outside providers in seven areas, from cybersecurity to private aviation, for its North American private bank and family office clients. The bank has not published who is on it or how they got there.
J. Safra Sarasin opens in Athens. Greece is now attracting the banks, not just the residents.
Banque J. Safra Sarasin (Luxembourg) began operating a Bank of Greece-registered branch in Athens on 15 September 2026, run by a former head of Eurobank private banking. Foreign private banking capacity is following the money into Greece.
UBS builds a fund programme around the minimum a family office cannot write alone
UBS Global Wealth Management has launched the Exclusive Manager Access Fund Programme in Hong Kong and Singapore, with a $5 million commitment and a $500,000 minimum per fund. The bank says family offices asked for it.
Pierre Mirabaud is convicted in Bellinzona. The bank that carries his name was not a party.
On 8 September 2026 the Swiss Federal Criminal Court gave Pierre Mirabaud, a former partner of Mirabaud & Cie and president of the Swiss Bankers Association, a two-year suspended sentence for bribing a Kuwaiti official and for money laundering.
Barclays opens its Singapore booking centre. The pitch to family offices is investment-bank access.
Barclays Private Bank began booking client assets in Singapore on 4 September 2026, nearly two years after announcing the plan. The interesting part is not the office but where the assets now sit, and what the bank is selling alongside custody.
Liechtenstein's two largest banks report record client assets within a day of each other
LGT posted first-half profit of SFr281.6 million and assets of SFr412.6 billion, a record. LLB reported net profit of SFr105 million and client assets of SFr115 billion, also a record. Neither release says anything about family office money.
A $51 billion regional bank opens a family wealth office, and hires two people to run it
F.N.B. Corporation has launched F.N.B. Private Family Wealth for ultra-high-net-worth clients, hiring Benjamin Ciocco and Frank Aloi to lead it. The announcement says what the unit will cover, but not how large it is.
Northern Trust puts a West Coast head on its family office unit
The Chicago bank has hired Wilmington Trust's Candice Nakagawa to run Family Office Solutions across the western United States, in a market where private banks are competing for entrepreneurial wealth.
Lombard Odier appoints Turkey market head as it targets the region
The Swiss private bank has hired UBS veteran Tuncay Yilmaz to lead its Turkey coverage, a market marked by rapid asset growth and established business dynasties.
Goldman Sachs builds a private markets platform for its wealthy clients
Goldman Sachs has pulled its private-market activities into one unit aimed at family offices who want direct stakes in late-stage private companies, plus a way to trade them.
Deutsche Bank and Dubai sign a referral pact aimed at family offices
Deutsche Bank's Private Bank and Dubai's Department of Economy and Tourism have agreed a client-introduction partnership to bring family offices and UHNW individuals into the emirate. The interesting part is who introduces whom, and on what terms.
BBVA launches a bank-owned 'independent' multi-family office in Spain
BBVA Private Banking has opened a multi-family office for fortunes of €30–300 million, structured as a separate company with open-architecture custody. The word doing the heavy lifting is 'independent'.
Evertern Wealth ties up with Vontobel's Swiss arm for cross-border banking
A first-year US multi-family office has signed a referral alliance with Vontobel Swiss Financial Advisers, adding Swiss custody, multi-currency banking and allocated gold storage rather than building the capability itself.
What we are reading about family offices
No noise, no selling. A measured take on what's moving across family offices and private wealth.