04/25/2016
“Swiss private banks got a massive wake-up call in the past 10 years,” Mr Collardi said, referring to the demise of secrecy laws that were a significant selling point for Switzerland’s private banks until 2009.
04/22/2016
Old Mutual Wealth has declared itself a vertically integrated business with its discretionary and advice services, funds and a platform…
04/22/2016
Swiss private banks target overseas growth as uniqueness vanishes
After the clampdown on tax evasion, lenders can no longer depend on their old strengths.
04/22/2016
Asia’s Super Rich Focus of Private Banks Shakeup
It’s a mistake to say private banks are scaling back in Asia, as some headlines may assert, but clearly change is afoot as wealth management units are merged, acquired and restructured all in an effort to boost profitability and remain competitive.
04/22/2016
Hedge fund manager goes from billionaire to millionaire in profits plunge
His salary was also slashed from £31.8m to £16m as profits plunged to £84.1m last year, down from £174.2m the year before.
04/22/2016
Coutts declined to comment
04/22/2016
"It is a (strategic) fit that has very little duplication," he said.
04/22/2016
To lead the endeavor, the firm partnered with Mark Wesson, a 28 year veteran in the financial services industry with experience in managing the regional wealth groups at SouthTrust,
04/22/2016
Delgass notes that while Sontag may be one of the older RIAs in the country, it is making waves with its new hybrid “robo”-advisory product
04/21/2016
Irwin Mitchell to consolidate private wealth brands
Irwin Mitchell Private Wealth will offer private clients a range of services including succession planning, reputation protection, family and divorce, probate and estate administration, and town and country property.
04/21/2016
The festival, which runs from 5-16 October 2016, is Britain's leading film event and one of the world's best film festivals.
04/21/2016
With interest rates in Sweden and Denmark set to remain below zero until at least 2018, banks operating in Scandinavia face some of the world’s least hospitable environments for traditional lending.
04/21/2016
No decision had yet been reached on how to distribute Nedbank’s shares, said Michael Goemans, the chief financial officer of Old Mutual SA.
04/21/2016
Chief Executive Piyush Gupta says DBS sees Alibaba’s online-payment arm Alipay as the new face of its competition
04/21/2016
The way that WMPs are sold in China has led many buyers to believe that these products are essentially term deposits
04/20/2016
Local banks are snapping up European wealth management units in Asia but talent shortage, fintech disruptions pose challenges
04/20/2016
The Netherlands is one of Handelsbanken's growth areas and the bank has currently 23 branches throughout the country.
04/20/2016
In a megabucks deal two weeks ago, OCBC Bank snagged the wealth and investment management business that Britain's Barclays Bank has in Singapore and Hong Kong, for a cool US$320 million.
04/20/2016
Wirehouses and banks lean too heavily on intra-channel recruiting, which could lead to slower growth.
04/20/2016
Commerzbank AG became the latest European bank to prepare investors for weaker earnings this year as turbulent global markets, record-low interest rates and faltering growth across the euro area erode revenue.