Managers of Wealth

No longer so secret, Swiss banks look to expand after purge

After billions of Swiss francs in withdrawals, recent figures from UBS <UBSG.VX> suggest the tide is beginning to turn.

Maybank Private Wealth eyes regional expansion

The private banking arm of Malaysia's largest bank aims to rollout its Asian expansion this year, with the hiring of dozens of relationship managers, the opening of a London office and a new service in Singapore.

StanChart CEO Bill Winters to shift power to regional hubs

Standard Chartered’s new chief executive is planning a structural overhaul

Asia’s Wealthy Take On Risk in Pursuit of Returns

The greater appetite for risk means Asia’s rich favor high yielding stocks, private equity and commodities.

Guernsey's fund industry saw growth during Q1 of 2015

It means the net asset value of all funds under management and administration in Guernsey now stands at £222.2 billion.

U.K. Wealth Managers to Profit Most as Rates Rise, Liberum Says

Wealth managers including Hargreaves Lansdown Plc have the most profit to gain among U.K. financial-services companies should interest rates rise, according to investment bank Liberum Capital Ltd.

UBP to cut between 60 and 110 jobs after Coutts deal - source

Union Bancaire Privee (UBP) plans to cut between 110 and 160 jobs initially after buying the international business of wealth manager Coutts from Britain's Royal Bank of Scotland, a source familiar with the matter told Reuters on Thursday.

Charles Stanley to move wealth managers onto profit-linked pay deals

The contract changes, which affect all staff with revenue-based variable remuneration, will be phased in over three years from next January.

How the UK's newest private bank plans to shake up the market

New private bank Hampden & Co has attracted the attention of 400 prospective clients just days after opening its doors

'Jordanians have $3b in Swiss banks'

Deposits of Jordanians in Swiss banks were around JD2.13 billion (around $3 billion) last year, according to a recent report released by the Swiss National Bank.

RBC Said in Advanced Talks to Sell Swiss Unit

Foreign financial firms are retreating from Switzerland as the regulatory and compliance cost of managing private wealth offshore increases.

More Wealthy Clients Want Direct Investments

Advisers can help with due diligence

How Private Investment Is Changing World Real Estate

The Weight Of Money: How Private Investment Is Changing World Real Estate by WealthBriefing

Citigroup Eyes Asia in Pivot to Wealth Management

The U.S. bank plans to double the number of wealth-management clients in Asia to one million

Julius Baer takes $350m settlement charge

Julius Baer has announced its decision to take a preliminary provision of USD 350 million for its eventual settlement with the U.S. Department of Justice regarding its legacy U.S. cross-border business

China should mind wealth gap, not rich scions

A luxury boutique in China. According to the Gini index, the degree of wealth concentration in China has risen by a third in the past 35 years. This disparity fuels perceptions that the deck is stacked in favour of the rich.

‘Different’ Towry plans to expand investment offering

Towry has outlined plans to expand its investment proposition following its acquisition of financial planning and discretionary firm Ashcourt Rowan.

There's a massive poaching raid going on at Lehman's old wealth management shop

Barclays is selling the business to Stifel Financial Corp

Asian investors seek global exposure, says Deutsche AWM

Deutsche Asset & Wealth Management (Deutsche AWM) says that it is seeking to tap demand from Asian asset owners for higher global investment allocations

Swiss Banks Likely To Continue Shoring Up Capital As SNB Proposes Higher Leverage Ratio Requirement

The largest Swiss banks UBS and Credit Suisse may have to keep working on their balance sheet quality over the next few quarters, as the Swiss National Bank is pushing for stricter rules governing their leverage ratio requirements.

Wealth and Asset Management