Best international private bank: CA Indosuez Wealth
CA Indosuez Wealth is Luxembourg’s best international private bank, thanks to its strong growth in assets under management (AUM), product offering and digital strategy improvements during the review period.
AUM rose 19.7% to $46.3 billion as of June 2025. The firm’s integration of the acquired Degroof Petercam Asset Management accelerated wealth inflows into dedicated funds for private clients and family offices. The acquisition gives Indosuez pan-European scale, which is reinforced by the firm’s expansion into Portugal and its synergies within the wider Crédit Agricole group.
During the review period, Indosuez launched its Tiera Capital range of private markets assets, as well as a new private debt fund launched in 2025. Other launches included ESG-related products such as the Chronos Green Bonds 2028, new green structured products and the new Compass Strategy ETF mandate. ESG factors are integrated across advisory, discretionary mandates and product selection.
Indosuez is also active in climate philanthropy through the Fondation pour le Climate, reforestation projects and other SDG-aligned initiatives.
On digitalisation, Indosuez has enhanced its Spektra platform to provide real-time advisory and fund recommendations. Its MyTiera digital platform also enables private markets access, incorporating features such as the private equity enhanced reporting tool and real-time simulation.
Best pure play/boutique private bank: Julius Baer
Julius Baer recorded a significant organic increase in its assets under management and net new money during the review period, underpinned by targeting of segments such as entrepreneurs and self-employed professionals. Strategic hires also enhanced the bank’s capabilities, alongside heavier market efforts that increased brand recognition among target clients.
Luxembourg is a key private banking hub for Julius Baer. The bank draws on its local network, data and access to third-party providers within the market and worldwide to service high-net-worth clients. These clients are the bank’s exclusive focus, sitting at the centre of its strategy. The lack of conflicting priorities means that Julius Baer’s decision-making and time-to-market are both swift. The bank’s size and flat structure allow for flexibility and tailor-made solutions that meet client needs.
Digitalisation is a clear area of strength. The bank’s Wealth Navigator is a digital platform that brings together holistic wealth planning, investment advisory, discretionary services and expert insights in a single workspace. The platform offers maturity management, portfolio-level investment recommendations and an insights content hub. It now boasts adoption rates above 90% across all regions.
Julius Baer has also developed JAI, an in-house proprietary AI assistant that offers powerful search and discovery capabilities while retaining client data securely. Finally, Luxembourgeois clients benefit from a new e-banking platform, with features such as electronic signature, payment functions and safe communication with relationship managers.
Best for UHNW: BGL BNP Paribas
BGL BNP Paribas’s ultra-high-net-worth (UHNW) proposition represents 71% of the bank’s assets under management, and with growth of 6% during the review period is its fastest-growing private banking segment. In 2024, 83% of net new cash came from UHNW clients, putting this segment at the heart of the bank’s strategy.
The bank has a one-stop approach to servicing UHNW clients, who gain seamless access to the full breadth of BNPP’s institutional capabilities while retaining the personalised relationship management of a private bank. Senior bankers act as a single point of contact, coordinating expertise across wealth management, corporate and institutional banking and domestic markets. This model enables delivery of solutions unavailable elsewhere in Luxembourg, such as bespoke OTC structures leveraging Exane’s equity platform.
UHNW clients are able to access a full spectrum of traditional and alternative investments, including private equity, private real estate and private infrastructure funds. The bank also offers collateralised loan obligations, leveraging the wider BNPP group’s expertise in complex asset management and rigorous loan selection.
Lending solutions are each tailored to private clients’ wealth constraints, and integrate features such as insurance wrappers and dedicated funds. Other bespoke financing solutions include Lombard, mortgage and single-stock loans, and leverage the bank’s dedicated structuring team for multi-currency and multi-jurisdiction coverage.
Best for sustainability: Societe Generale Private Banking
Societe Generale Private Banking Luxembourg strengthened its approach to sustainability in ways that considerably enhanced the experience and choices available to clients during the review period.
By the end of 2024, 71% of discretionary portfolio management (DPM) assets promoted environmental or social characteristics under Sustainable Finance Disclosure Regulation Article 8, signalling a clear shift toward embedding sustainability considerations directly into core portfolio management.
LuxFLAG environmental, social and governance (ESG) labels covered 51% of SG IS fund assets, giving clients externally verified transparency and making it easier for families and advisers to compare funds on measurable sustainability criteria. The bank also continued to grow its allocation to green bonds, reaching €1.3 billion by June 30, 2025, thereby increasing client access to instruments that fund low-carbon infrastructure and environmental transition projects.
The Care methodology translated sustainability into three analytical dimensions – natural capital, human capital and business ethics – creating a structured framework that private banking clients could use to align long-term capital allocation with quantifiable environmental and social objectives. It enabled more rigorous and outcomes-focused portfolio discussions, particularly for families seeking clearer pathways to incorporate sustainability into their wealth strategies.
Clients seeking deeper ESG integration also benefitted from a broader suite of responsible investment solutions, ranging from standard ESG approaches to fully bespoke impact-oriented mandates designed around specific family values and long-term priorities.
