Managers of Wealth

Chinese Lender Invests in Hong Kong Wealth Manager

We can form a partnership to develop high end wealth management for Chinese clientele.

UBP Undeterred by Oil Price Drop

Geneva-based UBP is still upbeat on business with wealthy clients from the Middle East, despite a sharp drop in the price of oil, according to private banking head Michel Longhini.

Deutsche Asset Management invests €490m in Spanish retail property

The company said, that since opening in 2001, the asset had maintained a solid performance and continuously increased sales and visitor figures.

BTG Pactual’s Swiss unit BSI posts second-quarter USD6.4b outflows

The Malaysian fund known as 1MDB is thought to have carried out $4 billion in irregular deals in recent years.

Raiffeisen – the Bank of Swiss Cities

Growth of interest income was above average in the cities areas where Raiffeisen traditionally hadn't been strong.

Credit Suisse: Ultra-Rich Facebook Looking for Asian Investors

Credit Suisse has switched to spending and expansion mode for its private bank: it's «entrepreneur's bank» is taking shape in the U.S. And a planned social network for the ultra-wealthy harbours global ambitions.

Rothschild & Co's revenue rises on increase in M&A business

The company said market volatility had adversely affected client activity in its private wealth and asset management business, resulting in a 5 percent drop in revenue to 89.4 million euros.

The surge in wealth mergers

This analysis looking at the increasing trend towards M&A activity should also be balanced by a consideration of the other issues that are driving wealth management firms towards growth and consolidation.

14 financial advisers banned in wealth management purge

Three of those banned are on a permanent blacklist and one faces criminal proceedings in the crackdown on dodgy advice.

Standard Life's platform pushes profits to £341m

Standard Life said this drop was due to the impact of market volatility on investor confidence.

Old Mutual sells Italian business for €278m

“I am extremely proud of the Italian team and what they have achieved. I believe that the growth prospects of Old Mutual Wealth Italy will be enhanced under Cinven and ERGO Italia’s ownership.”

Van Lanschot and Achmea agree sale of Staalbankiers’ private banking activities

Staalbankiers clients and employees will be advised of the takeover today.

Welcome to Google Wealth! by Annie Catchpole, Scorpio Partnership

Ask any wealth manager who their future competitors will be and they’ll probably say one of the big-name private banking brands or a local boutique offering similar products and services to their own.

Coutts report an operating profit of £41m as at Q2 2016

Private Banking continues to support its clients with net loans and advances of £11.8 billion

The 'biggest mistake rich investors make' is not diversifying

Biggest investment mistake

HK cannot return to the past if it wants to be a global financial centre in the present

Complaints about the lengthy processing time required to open a new bank account is not justified as failure to do so would attract record fines and even closure

Record High at DBS Wealth Unit

The strong income growth in the second quarter enabled profit before allowances to grow 10percent.

How to Buy a Caribbean Private Island With Seven Beaches

Saddleback Cay, home to seven major and minor beaches

Old Mutual acquires Yorkshire advice firm

Staff and management at Beaumont Robinson, which has more than 850 clients, will stay with the business.

OMGI eyes China distribution, puts plans in place

The next step in China is to formalise the informal discussions we’re having at the moment.

Wealth and Asset Management