Managers of Wealth

New Jersey finance centre 'will not waste taxpayers' money'

A new finance centre in Jersey will give the taxpayer value for money, the treasury minister has said, following a second protest against the plans.

City Financial plots mergers after Investec deal

The Cautious and Balanced funds would merge into the City Financial Multi Asset Balanced vehicle, while the Global Thematic fund would merge into the City Financial Multi Asset Dynamic fund.

UK asset managers signal support for HSBC to move HQ

Aberdeen Asset Management, one of the largest listed fund groups in Europe and a top 10 shareholder in HSBC, said it would continue to back the bank if it uprooted and moved to Hong Kong.

Private banks defend DPM internal bias

JeanLouis Nakamura, Asia Pacific chief investment officer at Swiss private bank Lombard Odier, admitted there was a natural bias towards using inhouse managers for DPM.

Banque J. Safra Sarasin (Luxembourg) acquires Luxembourg Private Banking Business

J. Safra Sarasin acts as consolidator in the private banking market.

Israel Discount Bank sells Swiss operations

The sale of Discount Bank's business in Switzerland is a result of its strategic plan of concentrating its international business in the US.

How to approach ultra and high net-worth individuals

New World Wealth says that one in every 35 people in London – which is the equivalent to 395,600 people – own assets worth more than £1m.

Wealth manager partners with AJ Bell Investcentre

At present, the panel is made up of 21 discretionary fund managers, giving advisers a range of partners to choose from.

Insurance giant Axa planning to sell off wealth management division in UK

Axa has brought in advisors to help it sell off some of its UK businesses, including parts of their wealth management division, the Sunday Times reported today.

Ultra-Wealthy Boost Investments in 3 Areas, Cut Back in 3: Tiger 21

Cash allocations fell to their lowest level since 2008, the high-net-worth investing club reported

Small Swiss bank become first to hit savers with negative interest rates - CHARGING them to take their money

Move echoes Swiss central bank's negative interest rates

European Wealth swoops on Manchester private client firm

The wealth manager said the deal will add a further GBP30.0 million in assets to its Manchester office.

Wealth management firm to launching three new income-generating funds

The pair already run the firm's multi-asset global funds, which were launched in 2007, as well as its discretionary management service.

Brooks Macdonald expands discretionary services in S. Africa

The Global Life Plan is a unit-linked investment plan from leading South African-based provider Glacier International, a division of Glacier by Sanlam.

Elian group director named in eprivateclient’s '50 Most Influential’ for fifth time

A former partner of Ogier, Mr Le Cornu was instrumental in the management buyout of the fiduciary services business in 2014. He has responsibility for Elian Private Wealth across Jersey, Guernsey, Cayman, the Middle East and Asia.

Average Swiss household wealth continues to rise

Increases in the value of financial assets added CHF 11,400 bringing the total rise in asset value to CHF 21,500 per resident.

Bank of the West Announces Winners of the Sixth Annual Philanthropy Awards

Barrio Logan College Institute and Lava Mae each receive $100,000 grants and honored for their commitment to their communities

Van Lanschot will no longer guarantee the liabilities of F. van Lanschot Bankiers

Van Lanschot has notified the trade register of the chamber of commerce of the withdrawal.

Julius Baer redeems preferred securities

The obligations related thereto were assumed by Julius Baer Group Ltd. in 2009.

Wiener Privatbank plans to take over Valartis Bank (Austria) AG's banking operations

The banking operations, their holding in the fund administration company, and the real estate at Rathausstrasse 20, Vienna are to be acquired within the framework of an asset deal.

Wealth and Asset Management