International Private Banking definition
International Private Banking means the business of providing portfolio management, portfolio advisory, private banking and investment services to high net worth individuals (including Puerto Rican nationals) and their families where either (x) the account holder(s) is domiciled outside of Puerto Rico or (y) the account was originated outside of Puerto Rico and, in each case, where (A) banking institutions domiciled outside of Puerto Rico (in addition to Seller or its Affiliates) compete for such business and (B) the origination and servicing of such business does not require any significant physical presence in Puerto Rico.
Examples of International Private Banking in a sentence
Öhman Bank was founded in 2006 as the International Private Banking arm of the family owned Swedish financial group ▇▇▇▇▇.
Individual businesses include Southern Cone (Argentina, Chile and Uruguay), Brazil, Central America, Europe, Asia and International Private Banking.