Managers of Wealth

Oxfam’s 355 economists are completely wrong: Tax havens do serve a useful purpose

Yesterday, 355 economists signed a letter co-ordinated by Oxfam arguing that tax havens have “no useful purpose”.

UBS May Pass on Negative Rates to Very Wealthy Clients, CEO Says

European banks are feeling the squeeze from record-low interest rates eroding profit margins at a time when market volatility and declining energy costs are prompting investors to pull funds.

Bob Diamond faces a rough ride in Barclays Africa campaign

The setbacks for the British lender’s former chief executive, who now invests in assets sold by big banks, came as the process of determining who will own one of Africa’s biggest financial institutions entered a crucial phase.

Wealth management industry in disruption

But it is increasingly being asked by the wealth management firms providing both groups with financial advice.

Bob Diamond Says Atlas Mara Close to Buying Another African Bank

The target is in one of seven African countries where Atlas Mara already owns a lender, Diamond said at the London Business School’s Africa Business Summit on Saturday.

Client-centricity rule #3: be how you want to be seen

Wealth managers need to ensure they are 'professional' and use their superior knowledge to help their clients live at peace with their wealth.

New Schroders boss Peter Harrison seeks fixed income M&A targets

He highlighted asset-backed securities — bond-like instruments that pay investors income based on underlying assets such as mortgages or credit card debt

How Are the Super Rich Navigating Volatile Markets?

Simon Smiles, chief investment officer at UBS Wealth Management, discusses where his high net worth clients are putting their money and what's really weighing on investor's minds.

HSBC Singapore Transfers retail banking, Wealth management To Locally Incorporated Unit

The Singapore branch of the Hongkong and Shanghai Banking Corporation has completed the transfer of its retail banking and wealth managementb business to a locally incorporated subsidiary, HSBC Bank Limited.

Credit Suisse adds 30-plus private bankers in Asia including two market group heads

Credit Suisse has added more than 30 private bankers including market group heads to Asia, Asian Private Banker can reveal.

International wealth group expands to Australia

The founding partners, Nick Maikousis and Jon White, with a combined 54 years of experience, held senior management roles within the financial planning and insurance advisory sectors before establishing MW Lomax.

Schroders on acquisition hunt for fixed income manager

He said Schroders had “the vast majority [of asset classes] covered” but highlighted fixed income as an area of opportunity.

For the Gulf’s ultra-wealthy, time to change course

This must include their plans to shift wealth from one generation to the next

Netwealth to grow IFA base, eyes app-savvy investors

This year, the group surpassed the $8 billion mark and aim to win more IFAs through its tech-focused business model.

Golf has become a dirty word in the UK asset management market

Crackdown on golf alarms fund industry

It is becoming increasingly difficult for Britain’s wealthy to break in to the 10-digit / billionaire club

The slowdown in uber-UHNW growth begs several questions of wealth managers

Aberdeen Asset Management celebrates 25 years in the City

AAM had less than £1billion of assets under management and a market cap of £38million around the time of its stock market listing in 1991.

Butterfield completes HSBC units migration

Butterfield Bank has completed its acquisition and migraton of HSBC Bermuda trust and investment business

ING strengthens Latin American presence with dedicated hire in Colombia

ING's ability to recognize Colombia as an attractive market in the medium to long term puts it ahead of the curve in growing its Latin American business," said Andrea Puerto, Country Manager, ING.

Wealth firm launches structured product MPS

The new service provides advisers with access to three portfolios, made up of structured products.

Wealth and Asset Management