And the world's biggest private bank is.......

No1.

UBS kept its ranking as the world's biggest private bank last year, a study by wealth management researcher Scorpio Partnership showed on Thursday.

Reuters reports that with $1,737.5bn of assets under management, UBS retained its highly-prized first place in 2015, staying nearly $300bn ahead Bank of America Merrill Lynch which replaced Morgan Stanley in second place.

UBS saw a 1% fall in managed assets in 2015, while BofA Merrill Lynch's managed assets dropped 2% and Morgan Stanley's fell 2.8%.

Facing a slowdown in emerging markets, heightened volatility and hesitant clients, assets under management fell 1% in the overall industry, the private banking benchmark study showed.

To access the complete Reuters article hit the link below:

UBS retains positions as world's biggest private bank: study

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