Managers of Wealth

Life after Tilney: Deutsche AWM targets ultra high net market

Deutsche Asset & Wealth Management is targeting the ultra-high net worth market with a refocused business, following the sale of its Tilney regional office network last year

Rich Insights: Michel Longhini, UBP’s Chief Of Private Banking

Wealth-X speaks with Union Bancaire Privée about buying the ex-UK business of The Queen's Bank, Coutts

Withholding Tax Reform

The people should decide

Citigroup Targets 10% Jump in Asian Wealth-Management Assets

Citigroup Inc. is targeting a 10 percent increase in its Asian wealth assets

Tavistock buys further IFA in national expansion

Tavistock also recently bought Standard Financial Group and its troubled adviser network Financial Ltd, following shareholder approval in February.

UBS Rolls Out New Retirement Incentives

UBS Wealth Management Americas is starting a new program this week to help finanical advisors who want to leave the business find new homes for their high-net-worth clients.

Morgan Stanley Boosted Gorman’s Pay 25% for 2014

Morgan Stanley gave James Gorman the biggest raise yet among Wall Street chief executive officers for last year, boosting his pay 25 percent to $22.5 million.

Northern Trust to Provide Global Custody Services for Nunavut Trust

The Nunavut Trust was established in 1990 to manage, on behalf of the beneficiaries, capital transfers paid to the Inuit of Nunavut as laid out in the Nunavut Land Claims Agreement signed by the Inuit of Nunavut and the Government of Canada.

Scotiabank Bahamas To Close Branches, 50 Jobs To Go

Scotiabank (Bahamas) will soon close seven branches throughout the country, a move that will affect approximately 50 employees

Italian online fashion retailer buys Richemont's Net-a-Porter

Italian online fashion retailer has agreed to acquire Richemont's Net-a-Porter in an all-share deal that will create an industry leader in the fast-growing online luxury goods market.

Julius Baer expects double-digit growth over next five years

The Swiss private bank Julius Baer expects to grow its business in the double digits annually over the next five years

ABN Amro Executives Renounce Pay Rises

Move follows criticism from Dutch lawmakers

Canaccord boss 'serious but improving' after hospitalisation

Chairman David Kassie will assume the role of CEO on an interim basis until Mr. Reynolds is able to resume his duties.

Jersey's transnational role highlighted at City Week

During the session, panellists discussed financial regulation, corporate governance, and jurisdictional competition, and agreed that collaboration between international finance centres was highly desirable.

Black money: Swiss banks seek fresh undertakings from Indians

According to sources, HSBC has been asked by Indian authorities to show cause why action should not be initiated against it in case of non-cooperation with regard to "suspected tax evaders and offenders of tax crimes"

Find out why 1MDB’s RM4 billion parked in Singapore bank, says veteran journalist

He said BSI was a Lugano-based Swiss private bank that became part of Brazilian group BTG Pactual last year, and was previously owned by Italian insurance giant, Assicurazione Generali SPA.

‘StanChart should move to Asia from UK on rising costs’

Standard Chartered should relocate to Asia as the expense of being based in London has become punitive after the UK raised its bank levy an eighth time

Swiss group Dufry snaps up Italian rival

The holding company owned by the Benetton family

Swiss banking model is ‘dead’, says Abu Dhabi finance centre chief

His comments come as the centre of gravity of such institutions has shifted palpably from west to east, and as Asia is developing its own bodies to rival those in the west, such as the China-led Asian Infrastructure Investment Bank.

European Wealth targets Asia Pacific

The drive will be led by stockbroker James Igoe, previously of Hume Capital

Wealth and Asset Management