Question 1

What is Kathrein Privatbank?

Accepted Answer

Kathrein Privatbank is a boutique private bank based in Vienna, Austria, specializing in wealth management, asset management, and succession planning for high-net-worth individuals, families, entrepreneurs, and private foundations. With assets under management serving clients with investable assets from €1 million, it combines personalized private banking with the security of being a wholly-owned subsidiary of Raiffeisen Bank International AG.

The bank focuses exclusively on wealth and portfolio management, positioning itself as a specialized private banking institution rather than a universal bank.

Question 2

When was Kathrein Privatbank founded?

Accepted Answer

Kathrein Privatbank was founded in 1924 (some sources indicate early 1923) by Carl Kathrein as Bankkommanditgesellschaft Kathrein & Co. The founding occurred during Austria's 1924 banking crisis, which destabilized the sector and led to new banking regulations.

In 1987, the bank was fully acquired by the Raiffeisen banking group and converted from a limited partnership to a joint-stock company (Aktiengesellschaft). Since 1996, it has been a 100% subsidiary of what is now Raiffeisen Bank International AG.

Question 3

Where is Kathrein Privatbank headquartered?

Accepted Answer

Kathrein Privatbank is headquartered in Vienna, Austria, at Wipplingerstraße 25 in the 1st district (city center), maintaining offices in the heart of Austria's financial district.

Question 4

Where does Kathrein Privatbank operate?

Accepted Answer

Kathrein Privatbank operates primarily from its Vienna headquarters, serving Austrian and international high-net-worth clients. While physically concentrated in Vienna, the bank serves clients across Austria and internationally, focusing on entrepreneurs, families, and institutional clients with significant assets.

The bank's service model emphasizes personal relationships, with each client having direct access to both a personal advisor and a member of the management board.

Question 5

What services does Kathrein Privatbank offer?

Accepted Answer

Kathrein Privatbank offers wealth management and portfolio management services with customized investment strategies aligned to client objectives and risk preferences. Services include discretionary management, advisory services, and execution-only brokerage.

Asset management encompasses mutual funds and specialized investment vehicles, with the bank managing both proprietary funds and providing access to third-party investment products from select providers including multi-manager strategies and structured products.

Succession planning and foundation services include expertise in establishing and managing Austrian private foundations (Privatstiftungen), estate planning, business succession, and inter-generational wealth transfer strategies.

Additional services include Lombard lending secured by investment portfolios, premium payment cards (Visa, Mastercard, American Express Platinum), custody services, and safe deposit boxes.

Digital platforms provide online account access and mobile banking capabilities, though the bank emphasizes personal service and direct advisor relationships.

Question 6

What makes Kathrein Privatbank unique?

Accepted Answer

Kathrein Privatbank distinguishes itself through its boutique positioning as a specialized private bank combining independence with the security of the Raiffeisen Group. Each client works with both a dedicated advisor and has access to management board members, ensuring senior-level attention.

The bank has particular expertise in Austrian private foundations (Privatstiftungen), a specialized area of wealth structuring, and serves as both founder and administrator of foundations for clients.

In 2008, Kathrein was recognized as "Best Private Bank in Austria" by Euromoney. The bank maintains a conservative, relationship-focused approach emphasizing long-term partnerships over transactional banking.

As of 2023, the bank had assets under management of approximately €1.5 billion, serving a select clientele with minimum investable assets typically starting at €1 million.

Question 7

What type of financial institution is Kathrein Privatbank?

Accepted Answer

Kathrein Privatbank is a private bank (Privatbank) operating as a joint-stock company (Aktiengesellschaft) under Austrian banking law. It is authorized and supervised by the Financial Market Authority (FMA) and the European Central Bank as part of the Single Supervisory Mechanism.

The bank is a wholly-owned subsidiary of Raiffeisen Bank International AG and participates in Austria's deposit guarantee scheme operated by Einlagensicherung AUSTRIA Ges.m.b.H (ESA), protecting eligible deposits up to €100,000 per depositor.

Kathrein Privatbank

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About Kathrein Privatbank in Austria