Managers of Wealth

Kleinwort Benson owner slams rebel hedge fund break-up calls

'In our view, the board of RHJI has presided over an erratic strategy, which has resulted in consistent and substantial value destruction.

Banyan Partners to Acquire Wealth-Management Firm

Banyan Partners, a fast-growing RIA based in Palm Beach Gardens, Fla., is acquiring Silver Bridge Advisors, the wealth management arm of global law firm WilmerHale.

UBS doesn't want to hive off investment bank

Knight Vinke, a shareholder in UBS, launched a campaign a month ago to marshal other investors into supporting a breakup of the Swiss bank. UBS, which last year said it will let 10,000 staff go as it largely withdraws from fixed income, had not responded

Coutts not up for sale by parent RBS: Classen

RBS is getting in better and better shape and they won't need to sell Coutts to raise capital,

HighTower Adds First Firm to Network

HighTower deploys its proven transition resources so advisors and their clients can seamlessly realize the robust resources available on HighTower's platform.

Walker Crips completes sale of corporate adviser subsidiary

Walker Crips Group has completed the sell-off of its subsidiary Keith Bayley Rogers and Company Limited to BWV Investments Limited.

Central Bank Not Mandated to Rescue Banks -Report

The Swiss National Bank is responsible for maintaining the stability of the country's financial system but isn't obligated to rescue banks

The philanthropy debate: Are the wealthy giving their share?

We are becoming a society in which more emphasis is placed on philanthropy as a social good. It’s often portrayed as much more noble and efficient than paying taxes (especially to “untrustworthy” politicians).

Britain can no longer afford to bankroll the rich

A generation of "opinion formers" has assured us that the rich are none of our business. If others become extremely wealthy, it is self-defeating to criticise them.

Wealth management: UBS seeks Brazilian growth through family offices

We are looking at the family offices segment as an opportunity for growth,

A New Wealth Management Industry Mandate

Clients are mad as hell, and they're not going to take it anymore—unless the industry makes some changes.

George Weiler III, UBS Wealth-Management Executive, Dies at 69

George H. Weiler III, senior vice president for wealth-management services at UBS AG, has died. He was 69.

Wealth management firm estimates LGBTs have $800 billion spending power in Asia

A new wealth management firm targeted at LGBT investors in Asia estimates that LGBT consumers across the region

CIBC renews CEO's contract

His contract renewal was widely expected

HDFC Bank's Aditya Puri is still highest-paid Indian bank CEO

Puri has been leading the country’s second largest private bank since 1994

The Walls Around Investment Research Are Crumbling

One of the key reforms put in place in the settlement was the bar on basing the compensation of stock analysts on their contribution to investment banking revenue.

Julius Bär eyes Asian clients after Bank of America Merrill Lynch acquisition

Swiss private bank Julius Bär is aiming to have a majority of its clients from Asia after it acquired Bank of America Merrill Lynch's private banking business outside the United States.

Is Mandarin the New Language of Private Banking?

The number of ultra-high net worth individuals (UHNW) with assets of $30 million and above in Asia has increased exponentially over the past three decades, more so than in any other area

Natixis appoints Chief Economist

Patrick Artus as Chief Economist of the Bank

Aussie wealth outpaces US, says survey

Personal wealth growth in Australia has outpaced Europe and the United States - but it lags behind Asia.

Wealth and Asset Management