The providing of banking services to very wealthy individuals and families....
Dedicated to the development and execution of the policy in relation to high net-worth clients and small and medium-sized institutional investors.
A set of services intended for private customers and characterised by a higher quality than the services offered to retail customers. Based on the notion of tailor-made services, it aims to offer advice on investment, inheritance plans and provide active support for general transactions and the resolution of asset-related problems.
Financial institutions offer for a fee comprehensive asset management services to wealthy individuals with tens of millions of yen in financial assets. A designated banker is assigned to each customer to not only assist in asset management, but also offer advice on a variety of topics ranging from inheritance to financial planning. Foreign financial institutions have large shares in the Japanese market for private banking, which originates from Europe. But the market also includes such domestic players as trust banks with strong real estate transaction businesses and brokerage firms. Seeking to boost commission income, major banking groups are also starting to bolster their private banking operations, which they expect to grow.
Specific client-focused banking that develops tailor-made solutions for high net-worth individuals and medium-sized institutional investors.
It combines banking and investment related services. Available only to high net worth individual clients or non resident Indians.
A service that most banks provide to their high net worth customers with more demanding, sophisticated or complicated banking requirements. Most banks will provide their private bank customers with relationship managers which have a personal knowledge of their customer's financial position and banking requirements. See also 'Retail banking'.
Private banking is done by major institutional banks known as private banks, which offer financial services to private individuals. These banks would normally have two distinct divisions - private banking, and corporate banking.