03/23/2016
Guernsey private wealth news
Headlines
Wealth and Asset Management
03/23/2016
Credit Suisse Ramps Up Restructuring as Trading Revenue Slumps
Swiss bank is trimming investment banking further and increasing cost cuts
03/23/2016
UBS and Credit Suisse launch fintech accelerator
The two largest Swiss banks UBS and Credit Suisse, are partnering with Swisscom, Swiss Life and Ernst & Young to launch a fintech accelerator with an international target audience.
03/23/2016
Despite Crackdown by Beijing, Chinese Wealth Keeps Flowing Abroad
Although concern over China's financial system remains a powerful market narrative, there are many reasons Chinese companies and individuals might choose to cash out.
03/23/2016
Julius Baer splits negative rates between bank, clients and advisers - NZZ
Swiss private bank Julius Baer has taken a "commercial approach" to negative interest rates, Chief Executive Boris Collardi told a Swiss newspaper, splitting costs between the bank, its customers and the employees who advise them.
03/23/2016
U.S. wealth managers grit teeth and prepare for Labor rule
Some advisers are even job hunting, worried that the rule's impending introduction could slash their compensation.
03/23/2016
Atlantic Trust receives national recognition at 2016 Family Wealth Report Awards
The award recognizes an individual working in the private client world.
03/23/2016
The new power brokers: meet the alpha females taking over the City
They make deals worth millions, spend thousands on designer labels, party hard and never miss a daily blow-dry. Meet the new breed of alpha females taking over the City
03/23/2016
Wealth management firm pulls out of takeover
It sought a deal that would have been paid by at least 50% in cash and the remainder in new shares in AFH or convertible loan notes in AFH.
03/23/2016
‘The decision to break up allows us to access the right investors and markets’
The decision to break up the company was announced by new group chief executive, Bruce Hemphill, two weeks ago, because the constituent parts did not make sense as a single group.
03/23/2016
Growing UHNW women population demands targeted strategy
Although the ultra-high-net-worth demographic is primarily men, women are an increasingly important subset of the group, according to a new report by WealthInsight.
03/22/2016
RBC Global Asset Management Inc. Re-Opens PH&N High Yield Bond Fund to New Investors
RBC Global Asset Management Inc. reserves the right to cap the Fund or otherwise restrict investment at a later date.
03/22/2016
Conflicts in spotlight at wealth giants
Big wealth managers face pressure to put more weight on staff behaviour when setting their pay, after the corporate watchdog found many are not properly managing conflicts between their financial interests and those of customers. An Australian Securities
03/22/2016
Goldman Sachs is looking to close its Geneva branch
A consultation period on the closure of the Geneva office, which has 18 employees, is expected to be completed towards the end of the third quarter.
03/22/2016
Smith & Williamson man kills himself after affair
He worked for London-based investment bankers Smith & Williamson.
03/22/2016
Odier Without Lombard – Tale of Two Families
Lombard Odier, the Geneva-based private bank, has dropped Lombard from its name – at least in strictly legal terms, research by finews.ch showed. But has the Lombard family as such given up on the bank?
03/22/2016
J. Safra Sarasin aquires two highly regarded private banking entities
Both acquisitions are expected to be completed during 2016, subject to regulatory approval.
03/21/2016
Suspended Goldman banker still hat-tipping Donald Trump
Mr Thorburn, an associate in Goldman's wealth management unit, failed to disclose the original online business venture to the investment bank.
03/21/2016
Private bankers out to lure wealthy expats
Squeezed by narrowing interest margins accompanying an all-time low benchmark interest rate, Korean lenders are expanding their expat services to those stretching beyond remittance or foreign exchange.
03/21/2016
Credit Suisse plans to continue expanding its business in mainland China
Despite slowing economies in China and rest of Asia, Swiss lender continues hiring to support expansion of private and investment banking across the region