Through its annual awards program, Global Finance Magazine recognizes outstanding leaders and innovators in the global private banking industry. The awards spotlight institutions that work to build stability, trust and growth for their clients.

For the fourth year in a row, PNC Private Bank has been named “Best Private Bank for New Customer Segments (global award)." Additionally, PNC Private Bank has been recognized this year as the “Best Private Bank for Business Owners (global award) - we were last recognized in this category in 2023.

The Global Finance Awards honor banks that best serve the specialized needs of high-net-worth individuals and reflect not the biggest institutions but the best – specifically those with qualities individuals rate highly when choosing a provider.

“The winners of these awards are selected with input from executives and industry insiders, making them the 'Expert's Choice' awards of private banking, reflecting respect and admiration from our peers," said Don Heberle, Head of PNC Private Bank. “This kind of industry recognition reflects the hard work and professionalism of our entire team."

Global Finance Magazine selects the winners with input from executives and industry insiders, also using information from entries submitted by banks in addition to independent research to evaluate a series of objective and subjective factors. This year's ratings were based on performance during the period covering July 1, 2023, through June 30, 2024.