Private banking is banking, investment and other financial services provided by banks to high-net-worth individuals with high levels of income or invest sizable assets. The term "private" refers to customer service rendered on a more personal basis than in mass-market retail banking, usually via dedicated bank advisers. It does not refer to a private bank, which is a non-incorporated banking institution.
Private banking forms a more exclusive (for the especially affluent) subset of wealth management. At least until recently, it largely consisted of banking services (deposit taking and payments), discretionary asset management, brokerage, limited tax advisory services and some basic concierge-type services, offered by a single designated relationship manager.
Private banking is the way banking originated. The first banks in Venice were focused on managing personal finance for wealthy families. Private banks became known as ‘Private’ to stand out from the retail banking & savings banks aimed at the new middle class. Traditionally, private banks were linked to families for several generations. They often advised and performed all financial & banking services for families. Historically, private banking has developed in Europe (see the List of private banks). Some banks in Europe are known for managing assets of some royal families. The assets of the Princely Family of Liechtenstein are managed by LGT Group (founded in 1920 and originally known as The Liechtenstein Global Trust). The assets of the Dutch royal family are managed by MeesPierson (founded in 1720). The assets of the British Royal Family are managed by Coutts (founded in 1692).
Melbourne (/ˈmɛlbərn/, AU i/ˈmɛlbən/) is the capital and most populous city in the Australian state of Victoria, and the second most populous city in Australia and Oceania. The name "Melbourne" refers to the area of urban agglomeration (as well as a census statistical division) spanning 9,900 km2 (3,800 sq mi) which comprises the broader metropolitan area, as well as being the common name for its city centre. The metropolis is located on the large natural bay of Port Phillip and expands into the hinterlands towards the Dandenong and Macedon mountain ranges, Mornington Peninsula and Yarra Valley. Melbourne consists of 31 municipalities. It has a population of 4,347,955 as of 2013, and its inhabitants are called Melburnians.
Founded by free settlers from the British Crown colony of Van Diemen's Land on 30 August 1835, in what was then the colony of New South Wales, it was incorporated as a Crown settlement in 1837. It was named "Melbourne" by the Governor of New South Wales, Sir Richard Bourke, in honour of the British Prime Minister of the day, William Lamb, 2nd Viscount Melbourne. It was officially declared a city by Queen Victoria in 1847, after which it became the capital of the newly founded colony of Victoria in 1851. During the Victorian gold rush of the 1850s, it was transformed into one of the world's largest and wealthiest cities. After the federation of Australia in 1901, it served as the nation's interim seat of government until 1927.
.au is the internet country code for Australia.
The domain name was originally allocated by Jon Postel, operator of IANA to Kevin Robert Elz of Melbourne University in 1986. After an approximately five-year process in the 1990s, the Internet industry created a self-regulatory body called .au Domain Administration to operate the domain. It obtained assent from ICANN in 2001, and commenced operating a new competitive regime for domain registration on 1 July 2002. Since this new regime, any registration has to be ordered via a registrar.
Oversight of .au is by .au Domain Administration (auDA). It is a not-for-profit organisation whose membership is derived from Internet organisations, industry members and interested individuals. The organisation operates under the consent of the Australian government which has legislative power to decide the operators of electronic addressing in the country.
Policy for .au is devised by policy development panels. These panels are convened by auDA and combine public input with industry representation to derive policy.
Melbourne is a compilation album by the Models, recorded in the early 1980s and released in 2001. The album was distributed by Shock Records.
The album was compiled by dedicated Models fan, Mark Burchett (a band booking agent for Premier Artists), who compiled sixteen cuts of the Models' material before they signed with Mushroom Records, consisting of demos, studio cuts and live tracks with the assistance of Melbourne public radio station 3RRRFM. The liner notes for the album are written by Australian Rock historian Ian McFarlane.