06/25/2015
Union Bancaire Privee (UBP) plans to cut between 110 and 160 jobs initially after buying the international business of wealth manager Coutts from Britain's Royal Bank of Scotland, a source familiar with the matter told Reuters on Thursday.
06/25/2015
The contract changes, which affect all staff with revenue-based variable remuneration, will be phased in over three years from next January.
06/25/2015
New private bank Hampden & Co has attracted the attention of 400 prospective clients just days after opening its doors
06/25/2015
Deposits of Jordanians in Swiss banks were around JD2.13 billion (around $3 billion) last year, according to a recent report released by the Swiss National Bank.
06/25/2015
RBC Said in Advanced Talks to Sell Swiss Unit
Foreign financial firms are retreating from Switzerland as the regulatory and compliance cost of managing private wealth offshore increases.
06/24/2015
Advisers can help with due diligence
06/24/2015
The Weight Of Money: How Private Investment Is Changing World Real Estate by WealthBriefing
06/24/2015
Citigroup Eyes Asia in Pivot to Wealth Management
The U.S. bank plans to double the number of wealth-management clients in Asia to one million
06/24/2015
Julius Baer has announced its decision to take a preliminary provision of USD 350 million for its eventual settlement with the U.S. Department of Justice regarding its legacy U.S. cross-border business
06/24/2015
A luxury boutique in China. According to the Gini index, the degree of wealth concentration in China has risen by a third in the past 35 years. This disparity fuels perceptions that the deck is stacked in favour of the rich.
06/24/2015
Towry has outlined plans to expand its investment proposition following its acquisition of financial planning and discretionary firm Ashcourt Rowan.
06/23/2015
There's a massive poaching raid going on at Lehman's old wealth management shop
Barclays is selling the business to Stifel Financial Corp
06/23/2015
Asian investors seek global exposure, says Deutsche AWM
Deutsche Asset & Wealth Management (Deutsche AWM) says that it is seeking to tap demand from Asian asset owners for higher global investment allocations
06/23/2015
Swiss Banks Likely To Continue Shoring Up Capital As SNB Proposes Higher Leverage Ratio Requirement
The largest Swiss banks UBS and Credit Suisse may have to keep working on their balance sheet quality over the next few quarters, as the Swiss National Bank is pushing for stricter rules governing their leverage ratio requirements.
06/23/2015
Credit Suisse Sets Sights on UBS in Battle Over Private Banking
UBS and Credit Suisse, with business operations spanning the globe and headquarters a few blocks apart in Zurich, have long been fierce rivals.
06/23/2015
Dubai private banker fired by ABN Amro
ABN Amro said on Monday it had fired an employee as part of an internal investigation into its private banking operations in Dubai
06/23/2015
Rothschild, Canaccord among top performers
Wealth managers may have struggled to generate alpha in 2014, but rising markets and low inflation meant they were comfortably able to generate positive returns for their clients.
06/23/2015
15th Berenberg Polo Derby: Hamburg polo highlight celebrates anniversary
It is the year of anniversaries in the Berenberg world. In 2015, not only is Germany’s oldest private bank celebrating its 425th birthday, the Berenberg Polo Derby is also being staged from the 15th time.
06/22/2015
Switzerland faces competition from Asian booking centers
Dubai emerges a fast growing asset booking centre
06/22/2015
Switzerland admits being ‘attractive’ for money laundering
Switzerland has been facing pressure from several nations to share details of Swiss bank customers suspected of holding illicit funds