Private Banker International Announces Winners in Prestigious Awards for Global Wealth Industry 2010

Singapore, Oct 21, 2010 - (ACN Newswire) - The 20th Private Banker International Wealth Summit hosted the Private Banker International Awards on Wednesday night, Oct 20, to recognise industry leaders for their achievements in wealth management. The PBI Awards are the wealth industry's most prestigious accolades for excellence and best practice, voted by the industry for the industry.

Speaking about the importance of the awards, Nicholas Moody, Editor, Private Banker International, said: "As many of you may know, Private Banker International ranks as the oldest private banking periodical and our awards have now become part of the industry in celebrating excellence, our friends in the wealth management generously say. Some may disagree with the choices but we have found that most agree with the spirit in which they presented - an opportunity to recognise the outstanding performance that both institutions - and individuals - achieve annually in the wealth business."

"The Outstanding Young Private Bankers Award is a recent category and the high quality of young bankers that we shortlist year after year highlights the incredible amount of talent in the private banking industry. These are the next generation of private banking leaders," said Titien Ahmad, regional directorfor VRL.

Private banking has been through some of the most testing times it has ever known. "Indeed, after the past three years of quite unprecedented financial and economic turbulence, a period which has seen the undermining of client trust in anumber of financial institutions, along with an erosion of portfolios, the award winners tonight, we think, are particularly worthy," adds Moody.