Managers of Wealth

Standard Chartered Must Raise Up to $10 Billion, Mizuho Says

A capital issue would be dilutive, and we would expect the bank’s share price to fall initially

How promoters are taking charge of managing their personal wealth

Promoters sitting on huge cash after selling off their businesses are also directly taking charge of their Family Office to make investments

Tough targets and “suffocating” compliance stresses push Asian bankers to the brink

Private banks have recently struggled to reduce compensation and compliance costs

Rapid growth is expected for Islamic wealth management

Islamic wealth management is going to become be the “new frontier” for the global Islamic finance industry as a growing number of Islamic high-net worth individuals keeps looking for Shariah-compliant types of investment.

Barclays shuts down accounts for expats living in Cyprus and Malta unless they hold £100,000 or more

But angry expats who have spent years as loyal customers of the bank say they feel betrayed. Many say they have been told they must have a UK-based account to receive their British state pension.

UBP launches small and mid-cap Swiss equity fund

Citywire + rated Eleanor Taylor Jolidon, who runs the Swiss equity fund, is the lead manager of the new fund

Tidjane Thiam flags acquisition ambition with Credit Suisse investors

Credit Suisse’s new chief executive has sounded out its main investors about plans to expand the Swiss bank’s asset management operations, potentially through an acquisition, according to people familiar with the talks.

Tapping Asian wealth means going local for foreign banks

Global investment banks will find it more costly to unlock wealth in Asia as regulatory changes make accessing domestic markets tougher

Old Mutual Int’l launches trust campaign for offshore advisers

Old Mutual International has launched a campaign to promote “under-utilised” trusts among offshore advisers and will launch further support tools “shortly”.

Swiss Banks Rehabilitating Russia With Year’s Biggest Eurobond

Success in the sale, led by Credit Suisse Group AG and UBS Group AG, may mark the revival of a market closed to all but the biggest Russian companies since the nation’s incursion into Crimea.

Morgan Stanley head count dips to record low

Largest firm by number of advisers cedes ground with 3% one-year drop; executives point to shedding of lower producers

Syz: Bankers abused the Swiss label of quality

Dozens of private banks are still waiting to learn their fate.

Bordier Sees Dead End for Swiss Banks Managing Under $5 Billion

Swiss private banks with less than $5 billion under management will largely disappear due to the soaring cost of regulation, Bordier & Cie said.

Hans Angermueller, Once in Running to Head Citi, Dies at 90

Mr. Angermueller was the bank’s face to Washington for years

Evolve Media to tap the affluent market with Martini Media acquisition

This is a very passionate audience and one with real discretionary spending power.

Swiss private bank aims to build Asia presence

Private bank's March purchase of Coutts gives it 'a more normal size' in region: CEO

UBS back as sponsor in massive boost for Hong Kong Open golf tournament

Bank returns as title sponsor for flagship event, with big names likely to follow as prize money increases dramatically after period of struggle

Julius Baer U.S. Tax-Probe Finale May Spur Dealmaking: Real M&A

Julius Baer Group Ltd. should have cash to purchase rivals even as it prepares to settle a four-year probe into tax evasion by the U.S. Justice Department.

Julius Baer U.S. Tax-Probe Finale May Spur Dealmaking

Julius Baer Group Ltd. should have cash to purchase rivals even as it prepares to settle a four-year probe into tax evasion by the U.S. Justice Department.

Standard Chartered announces new regional and business structure

Africa & Middle East to form part of new regional business structure

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Wealth and Asset Management