02/08/2016
Senior private banker at BSI claims no unlawful conduct in 1MDB case
Yak had applied to the courts for the accounts to be unfrozen in order to pay his income tax, legal fees and other expenses.
Wealth and Asset Management
02/08/2016
Credit Suisse CEO to waive part of bonus after loss -Sonntagszeitung
Switzerland's second-largest bank reported a worse-than-expected 2015 net loss of 2.94 billion Swiss francs $2.97 billion after booking a big impairment charge at its investment banking business.
02/08/2016
BNP’s wealth management division sees surge in net inflows
Good inflows into BNP Paribas’s Wealth Management division, driven by domestic and Asian markets, resulted in annual assets under management growth of 6.8% to €954bn in 2015.
02/08/2016
Emirates NBD reveals new Private Banking proposition
Emirates NBD Private Banking was recently named ‘Outstanding Private Bank – Middle East’ at the2015 Private Banker International Global Wealth Awards
02/08/2016
Octopus and Owen James host breakfast briefing for Heads of Wealth Planning
The breakfast included a talk on the theme of inter-generational wealth, led by James Brown, head of client services at ComPeer, a business management consultant firm.
02/08/2016
HSBC 'to stay in London' as board meets for final decision on HQ
Locations including Hong Kong, Singapore, the US, Frankfurt and even Canada have all been hinted at as possible alternatives, but because much regulation in the industry is global, it has proved hard to find compelling arguments in favour of leaving Londo
02/08/2016
Two Seas Trust Officially Joins Elian Brand
Sharing the Elian name and leveraging its global presence will help Elian Middle East to achieve its ambitious plans to grow its trust and corporate services offerings.
02/08/2016
Killik & Co unveils details of revamped HNW service
Killik has now revealed that each team will have a broker as a single point of contact for the firm and an overseeing markets expert responsible for allocation.
02/08/2016
Julius Baer Gold Cup 2016
The event is held under the patronage of His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai.
02/08/2016
London audience hears of Guernsey's funds advantages
The masterclass was hosted by Guernsey Finance in conjunction with the Guernsey Investment Fund Association (GIFA).
02/08/2016
Paul Abberley named one of PAM Insight’s 50 Most Influential figures
Charles Stanley CEO, is named one of PAM Insight’s 50 Most Influential figures
02/05/2016
Tilney Bestinvest to acquire Ingenious Asset Management
The deal is expected to complete in April, subject to regulatory approval.
02/04/2016
Wells Fargo Denies Report of Deal Talks With Credit Suisse
The newsletter didn’t cite the source of its information.
02/04/2016
Cayman’s offshore banking sector shrinking
A major sector of the banking industry in the Caymans could be wiped out by tough regulations designed to fight money-laundering.
02/04/2016
Private Investor club completes first deal of 2016
High Net Worth individuals can access these opportunities through our Investor Club, and we’re seeing strong levels of interest amongst prospective investors at this time.
02/04/2016
RBS calls off planned sale of India banking business
The India operations of the RBS banking business comprise corporate and institutional banking, trade finance and cash management.
02/04/2016
OMI tackles high net worth channels with new investments
One year on from rebranding Skandia International as Old Mutual International, sales director Marcel Bradshaw talks about the positive impact of the process, the rationale behind the company’s sponsorship of the England rugby teams and the shift to
02/04/2016
HSBC setting up local subsidiary to handle retail, wealth business
All other lines of business of HSBC in Singapore, which include commercial banking, private banking and global banking and markets, will continue to operate under the existing Singapore branch.
02/04/2016
Financial Crisis ‘Cast Long Shadow on Investors’: UBS
Survey of wealthy and affluent investors finds nearly 90% are keeping or increasing cash holdings since 2008
02/04/2016
OM Asset Management Sees Fall In Fourth-Quarter Net Income
In a statement, the New York-listed asset manager said economic net income amounted to USD36.5 million in the three months ended December 31.