FTSE Private Banking Index celebrates a membership milestone this month, as it now includes 40 leading institutions which have joined as members. Industry heavyweights such as ABN AMRO, Fortis Bank and Clariden Bank now share their asset allocation information with the index calculators, making the FTSE Private Banking Index a completely transparent and representative measure of private banks’ performance. High net worth individuals and their money managers can see at a glance whether their investment returns are above, below or in line with industry averages, across a range of risk profiles and currencies.
Imogen Dillon Hatcher, Managing Director, FTSE Group and Ariel Salama, Chairman, Private Banking Index Limited said: “ FTSE Private Banking Index now reflects the performance of institutions which together represent USD1.5 trillion of assets under management. We are particularly proud that a range of private banks including Kredietbank Luxembourgeoise, Bank Vontobel, and Mirabaud have joined the index, underlining its growing acceptance by the industry”.
Since it was established in late 2005, FTSE Private Banking Index has brought an welcome layer of transparency to this previously un-measured asset class. Winning the support and participation of so many leading private banks is a strong signal of the great demand for this index.
An independent advisory committee, which oversees the management of the index has also been established. The committee consists of leading investment managers who serve in a personal capacity.
More details about FTSE Private Banking index, including Committee members, and index constituents, please visit www.ftse.com/privatebanking or www.privatebankingindex.com.
