1. BlackRock
AUM: $6.84 trillion
BlackRock is not just the world’s largest asset manager, but one of the world’s largest financial institutions. The company was founded in 1988 and went public in 1999. The firm has been influential in advancing the growth of exchange-traded funds (ETFs), through its iShares products. iShares now comprise more than a quarter of BlackRock’s assets under management.
2. The Vanguard Group
AUM: $6.2 trillion
Vanguard has become synonymous with the strategy of passive investing, in which money is placed in mutual funds designed to mirror the activity of specific indexes or the broader stock market. Vanguard boasts of low expense ratios for most of its funds. In addition to asset management, Vanguard offers brokerage services, financial planning, annuities, and other services.
3. UBS Group
AUM: $3.26 trillion
UBS Group has four interdependent divisions that operate around the world. The Switzerland-based firm describes itself as the “only true global wealth manager.” About $2.3 trillion is tied up in wealth management versus $903 billion in asset management.
4. State Street Global Advisors
AUM: $3.12 trillion
Boston-based State Street is the subsidiary of State Street Corporation. It manages investments for a wide range of institutional clients including non-profits, local governments, associations, and even educational groups.
5. Fidelity
AUM: $3.2 trillion
Fidelity is an asset manager and a discount broker with more than 27 million customers. It offers an online platform for individual investors to buy and sell securities, and also manages entire portfolios on behalf of clients. In the summer of 2018, it made headlines when it began offering mutual funds with a zero expense ratio and minimum investment requirement.6
6. Allianz
AUM: $2.36 trillion
This German firm is primarily an insurer but operates two asset management divisions: Allianz Global Advisors and PIMCO. By itself, PIMCO has $1.76 trillion under management, which is good enough to also land it on this list.78
7. JPMorgan Chase
AUM: $1.9 trillion
Most people think of J.P. Morgan Chase as an investment bank, but it has a robust asset management business and got $1.3 billion in assets moved from BlackRock as part of a new custody arrangement in 2017.9
8. Bank of New York Mellon
AUM: $1.9 trillion
The history of this company dates back to its founder, Alexander Hamilton—perhaps you’ve heard of him. More than 230 years later, BNY Mellon manages investments for individuals and investments in 35 countries.10
9. Capital Group
AUM: $1.8 trillion
This Los Angeles-based firm was founded all the way back in 1931, making it one of the oldest in the world. It offers more than 40 mutual funds through American Funds Distributors, which is its subsidiary.11
10. PIMCO
AUM: $1.76 trillion
As mentioned earlier, PIMCO is managed under the same company as Allianz. Although it was acquired by a German company, it is headquartered in California, and it continues to operate as an autonomous subsidiary of Allianz.
1. Industrial and Commercial Bank of China
Established in 1984, the Industrial and Commercial Bank of China has quickly grown to become the largest bank in the world based on assets. Its current asset tally is a whopping 3.47 trillion. ICBC focuses most of their efforts in industry (the name kind of gives it away). They offer the majority of their loans in manufacturing, transportation, power and retail. This bank shows no signs of slowing down either. It reported a 3.3% rise in profit for the 3rd quarter of 2017.
Headquartered in Beijing, China
Employs 460,000
2. China Construction Bank Corporation
The second-largest bank in China also happens to be the second-largest in the world. The China Construction Bank Corporation currently holds $3.02 trillion in assets. One of the older banks in China, CCB was founded in 1954. In 2005, Bank of America wanted to expand its business into China. So it purchased a 9% stake in CCB. That didn’t work out so well, however. And BOA needed to sell most of its stake in 2009 during the US financial crisis. In 2013, Bank of America sold its remaining position in CCB and has focused its Asian operations in Hong Kong.
Headquartered in Beijing, China
Employs 330,000
3. Agricultural Bank of China
If you’re sensing a trend here, you’re not alone. Yet another Chinese bank, the Agricultural Bank of China ranks third largest in the world with $2.82 trillion in assets. Known as Ag Bank and founded in 1951, the Agricultural Bank of China has branch locations in Seoul, Singapore, Sydney, London, New York and many other of the world’s largest cities. Fun fact: In 2007, Ag Bank was victim of the largest Chinese bank robbery ever. Thieves stole $7.5 million.
Headquartered in Beijing, China
Employs 444,000
4. Mitsubishi UFJ Financial Group (Mitsubishi)
With $2.63 trillion in assets, Mitsubishi is Japan’s largest bank holding/financial services group. Part of the Mitsubishi Corporation, the company provides a wide variety of financial and investment services including commercial banking, trust banking, international finance, and assets management services. With all of the accolades MUFG has garnered, it’s surprising to learn they were only founded in 2005.
Headquartered in Tokyo, Japan
Employs 106,000
5. Bank of China
Yet another Asian bank rounds out the top five. Bank of China controls $2.61 trillion in assets and was founded in 1912. While this bank is no longer 100% government-owned, the largest shareholder of the Bank of China is still the investment arm of the People’s Republic of China. The Bank of China is the second-largest lender in the country. It currently has two locations in the state of New York.
Headquartered in Beijing China
Employs 310,000
6. J.P. Morgan Chase
One of the two so-called “too big to fail” banks, along with Bank of America, J.P. Morgan Chase is the sixth-largest bank in the world with $2.50 trillion in assets. The company provides products and services to its clients in 100 countries, It offers asset management, investment banking, private banking, treasury and securities services, and commercial banking. J.P. Morgan Chase is traded on the NYSE under the ticker symbol JPM. Of all the banks on our list, Chase is the second newest, having only been founded in 2000.
Headquartered in New York City, New York
Employs 245,000
7. HSBC Holdings PLC
HSBC Bank has more than 460 bank branches throughout the United States, with the majority (380) in New York State. This one comes in at number seven on our list of the biggest banks with $2.37 trillion in assets. HSBC offers its 4 million customers access to global markets through its personal financial services, private banking, retail banking, commercial banking, and global banking and market segments. HSBC was initially founded in British Hong Kong in 1865.
Headquartered in London, UK
Employs 235,000
8. BNP Paribas
This French bank comes in at number eight with $2.19 trillion in assets. BNP is one of the largest global banking networks in the world with operations in 75 countries. BNP has four domestic retail banking markets located in France, Italy, Belgium and Luxembourg. In April 2009, as a result of BNP’s 75% purchase of Fortis Bank, the Belgian bank is now the largest Eurozone deposit holder. BNP Paribas was founded all the way back in 1848. Its core profitability comes from retail banking. More than three-quarters of its revenue comes from everyday client accounts.
Headquartered in Paris, France
Employs 190,000
9. Bank of America (BAC)
BAC is the largest bank holding company in the United States, by assets, with $2.19 trillion. The company serves clients all over the world and has a relationship with 99% of the U.S. Fortune 500 companies. In 2008, BAC acquired Merrill Lynch, making it the world’s largest wealth manager. It is listed on the New York Stock Exchange (NYSE) and is part of the S&P 500 Index and the Dow Jones Industrial Average.
Headquartered in Charlotte, North Carolina
Employs 208,000
10. Wells Fargo
Sneaking into the top 10, Wells Fargo has labored through the last few years with a few scandals they’d like to forget. Still, the bank currently holds $1.93 trillion in assets and is one of the United States’ largest retail banks. Founded all the way back in 1852, Wells Fargo has close to 9,000 retail locations scattered across the United States. They became my bank of record when in 2009 when they purchased Wachovia. All of a sudden, my login was changed, and I remember seeing a lot of wagons!
Headquartered in San Francisco, California
Employs 270,000
11. Rothschilds Family Banking
We will work as closely as we can with the Rothschilds banking system, as they have interests in several banks and investment firms in London, Paris and other parts of the world.
Starting In 2022
We will work with the UN World Bank and IMF, plus sovereign funds/private wealth funds, to help developing countries with aid and research to advance their economy and combat poverty and disease around the world. We operate in 180 countries today and have the largest mega funding infrastructure to achieve these goals.
Top 100 Largest Sovereign Wealth Fund Rankings by Total Assets
Sl. No. | Sovereign Wealth Fund Profile | Region |
---|---|---|
1 | SWFI CertifiedNorway Government Pension Fund Global | Europe |
2 | China Investment Corporation | Asia |
3 | Abu Dhabi Investment Authority | Middle East |
4 | Hong Kong Monetary Authority Investment Portfolio | Asia |
5 | Kuwait Investment Authority | Middle East |
6 | GIC Private Limited | Asia |
7 | Public Investment Fund | Middle East |
8 | SWFI CertifiedTemasek Holdings | Asia |
9 | National Council for Social Security Fund | Asia |
10 | Investment Corporation of Dubai | Middle East |
11 | SWFI Not CertifiedQatar Investment Authority | Middle East |
12 | SWFI Not CertifiedTurkey Wealth Fund | Middle East |
13 | Mubadala Investment Company | Middle East |
14 | National Welfare Fund | Europe |
15 | Korea Investment Corporation | Asia |
16 | SWFI CertifiedFuture Fund | Australia and Pacific |
17 | SWFI Not CertifiedAlberta Investment Management Corporation | North America |
18 | Alaska Permanent Fund Corporation | North America |
19 | Libyan Investment Authority | Africa |
20 | SWFI Not CertifiedBrunei Investment Agency | Asia |
21 | Samruk-Kazyna | Asia |
22 | Kazakhstan National Fund | Asia |
23 | Texas Permanent School Fund | North America |
24 | University of Texas Investment Management Company | North America |
25 | Emirates Investment Authority | Middle East |
26 | SWFI CertifiedState Oil Fund of Azerbaijan | Asia |
27 | CNIC Corporation Limited | Asia |
28 | SWFI CertifiedNew Zealand Superannuation Fund | Australia and Pacific |
29 | SWFI Not CertifiedKhazanah Nasional | Asia |
30 | Hong Kong Future Fund | Asia |
31 | SWFI CertifiedNew Mexico State Investment Council | North America |
32 | Nuclear Waste Disposal Fund | Europe |
33 | Oesterreichische Beteiligungs AG | Europe |
34 | Fund for Reconstruction and Development of Uzbekistan | Asia |
35 | National Development Fund of Iran | Middle East |
36 | SWFI CertifiedMumtalakat Holding | Middle East |
37 | Timor-Leste Petroleum Fund | Australia and Pacific |
38 | Oman Investment Authority | Middle East |
39 | Ireland Strategic Investment Fund | Europe |
40 | Russian Direct Investment Fund | Europe |
41 | Sovereign Fund of Egypt | Middle East |
42 | Social and Economic Stabilization Fund | Latin America |
43 | Chile Pension Reserve Fund | Latin America |
44 | Solidium | Europe |
45 | Mexico Budgetary Income Stabilization Fund | Latin America |
46 | North Dakota Legacy Fund | North America |
47 | Permanent Wyoming Mineral Trust Fund | North America |
48 | NSW Generations Fund | Australia and Pacific |
49 | Sociedad Estatal de Participaciones Industriales | Europe |
50 | Heritage and Stabilization Fund | North America |
51 | Peru Fiscal Stabilization Fund | Latin America |
52 | SWFI Not CertifiedPula Fund | Africa |
53 | Regional Investment Company of Wallonia | Europe |
54 | SWFI Not CertifiedFundo Soberano de Angola | Africa |
55 | Colombia Savings and Stabilization Fund | Latin America |
56 | Alabama Trust Fund | North America |
57 | SFPI-FPIM | Europe |
58 | Nigeria Sovereign Investment Authority | Africa |
59 | Utah SITFO | North America |
60 | State Capital Investment Corporation | Asia |
61 | Idaho Endowment Fund Investment Board | North America |
62 | Taiwan National Stabilization Fund | Asia |
63 | Hellenic Corporation of Assets and Participations S.A. | Europe |
64 | Fondo de Ahorro de Panama | Latin America |
65 | Sentosa Development Corporation | Asia |
66 | Louisiana Education Quality Trust Fund | North America |
67 | Oklahoma Tobacco Settlement Endowment Trust | North America |
68 | Colorado Public School Fund Investment Board | North America |
69 | Fondo Mexicano del Petroleo | Latin America |
70 | Indonesia Investment Authority | Asia |
71 | Western Australian Future Fund | Australia and Pacific |
72 | Strategic Investment Fund of Gabon | Africa |
73 | Palestine Investment Fund | Middle East |
74 | Senegal FONSIS | Africa |
75 | Sharjah Asset Management | Middle East |
76 | National Development and Social Fund (Malta) | Europe |
77 | SWFI Not CertifiedKiribati Revenue Equalization Reserve Fund | Australia and Pacific |
78 | Ghana Heritage Fund | Africa |
79 | Ghana Stabilisation Fund | Africa |
80 | Fund for Productive Industrial Revolution | Latin America |
81 | Native Hawaiian Trust Fund | North America |
82 | Ghana Infrastructure Investment Fund | Africa |
83 | Mongolia Future Heritage Fund | Asia |
84 | Luxembourg Intergenerational Sovereign Fund | Europe |
85 | SWFI Not CertifiedGuyana Natural Resource Fund | Latin America |
86 | Agaciro Development Fund | Africa |
87 | Little Red River Cree Nation Sovereign Wealth Fund | North America |
88 | Equatorial Guinea Fund for Future Generations | Africa |
89 | National Fund for Hydrocarbon Reserves | Africa |
90 | Sovereign Fund of the Gabonese Republic | Africa |
91 | Tuvalu Trust Fund | Australia and Pacific |
92 | Cape Verde Sovereign Wealth Fund | Africa |
93 | Petroleum Investment Fund Uganda | Africa |
94 | Sovereign Fund of Djibouti | Africa |
95 | National Investment Corporation | Asia |
96 | Sovereign Wealth Fund of Zimbabwe | Africa |
97 | Intergenerational Trust Fund for the People of the Republic of Nauru | Australia and Pacific |
98 | Mongolia Fiscal Stability Fund | Asia |
99 | Iran Oil Stabilization Fund | Middle East |
100 | Ontario First Nations Sovereign Wealth | North America |