BOQ Wins Private Banking Award
Financial Review Smart Investor magazine has crowned BOQ the 2013 Best Small Bank for Private Banking.
Smart Investor credits BOQ as being "the only bank outside the big four with a serious focus on servicing high-net-worth clients".
BOQ’s Group Executive for Business Banking, Agribusiness and Financial Markets Brendan White said BOQ’s private banking offered a simple banking proposition based on the provision of quality service.
"Sometimes our retail clients have more complex banking requirements or want specialist industry advice around agribusiness, property development or self-managed super funds for example," Mr White said.
"This is where we can call in our private banking team who are experienced banking professionals offering tailored banking solutions to meet our clients’ needs."
"This tailored service adds value for these customers and compliments our retail network."
"We’re proud to be awarded Best Small Bank for Private Banking."
"As a smaller bank we’re more responsive and can offer a level of personalised service that the big banks just can’t compete with," he said.
The award was determined by results of a survey sent to all savings banks, investment banks and a selection of mutual banks in Australia.
Smart Investor said the survey looked at a range of criteria including:
- ability to service high-net-worth clients
- range of services and products
- client service interface
- experience and expertise of private wealth team
- product and market knowledge.
Full details of the survey results can be found in the April 2013 edition of Smart Investor magazine.