Managers of Wealth

TMI's Herberts London-bound amid private client restructuring

Thomas Miller Investment has begun a significant restructuring of its investment management business.

Raymond James Plots A Robo-Free Digital Strategy

The wealth management firm stands out in the industry for its stance against automated advice, which it deems as being in competition with human advisers.

New Oliver Wyman Wealth Management Report: Running Faster to Stand Still

The aim of the report is to provide insight into the outlook for the wealth management industry at a time of sustained interest in the sector among investors and financial institutions.

National Australia Bank Reshuffles Wealth Management

The changes, which are subject to regulatory approval, are effective 1 August 2016.

Boston Private Wealth sees first increase in assets in a year

The unit had watched its assets under management shrink for four consecutive quarters.

Citi’s Advice for Asia’s Super-Rich

That Asians have distinct needs as investors drove Citi to establish a dedicated unit for North America Asian clients in 2011, including the group two years later into a new global clients program.

The role of Swiss banks in the 1MDB scandal

Several banks from different countries have been named in various documents from prosecutors.

UBP Profits Rise After Coutts Deal

Assets under management reached CHF 113.5 billion at the end of June 2016, up from CHF 110 billion at the end of December 2015.

Santander bank to sponsor Spanish football league

Santander has what we were looking for.

Not enough female finance chiefs, says asset management boss

“Half of chief executive officers (CEOs) are appointed from having been CFO and what I don’t understand is that only ten per cent of CFOs are women,” he said.

Schroders trims its stake in Liontrust

In January the firm was forced to shut its fixed income arm after Michael Mabbutt and Felix Martin resigned, resurfacing six months later at Thames River Capital to launch an investment boutique.

Morgan Stanley’s Cross-Selling Rescues Wealth Unit

Net revenues in the bank’s wealth division slipped to $3.8 billion in the second quarter this year, compared to $3.9 billion a year ago, according to the report.

Guernsey uses brexit to woo families to Channel Island

The moves are expected to benefit the British Crown Dependency by about £200,000 each year from tax take and document duty.

Swiss Bank Growing Their Own Human Capital

Such was the desperation to snatch the rare resource of experienced wealth managers that banks and bankers ended up in court in an effort to stop the widespread poaching of each others star rainmakers.

WH Ireland swings to H1 pretax loss

When fully implemented, provide a significantly enhanced service for our clients.

Safest countries in the world for women in 2016

For wealthy people, in particular, woman safety is a major factor in their decision to move to another country or community.

Standard Chartered and UBS assets seized in Singapore fraud case after ‘control failings’

More than $3.5 billion was misappropriated and about $1 billion laundered through the US, the US Justice Department said as it launched what could be its biggest ever seizure of ill-gotten gains

Banks Abandon The Caribbean, Local Bitcoin Exchange Experiences 33% Increase In Users Every Month Since February

In the Caribbean, where many small countries with poorer populations reside close to each other, the problem is getting so bad that local businesses regularly have a hard time receiving remittances and paying suppliers outside of their own country

BNY Mellon Q2 Profit Tops Estimates, Revenues Miss

Earnings per common share up 3%, or down 1% on an adjusted basis year-over-year

Wealth management startup seeks to expand out of Hong Kong with $4m series A

Startups like Singapore’s Mesitis and Australia’s StockSpot, which use technology to offer investmenet advice and wealth planning, are targeting the financial hubs of Hong Kong and Singapore.

Wealth and Asset Management