Managers of Wealth

Rathbones to launch private office and rebrand in key 2015 moves

Rathbones is launching a private office for high net worths and plans to rebrand in key initiatives to meet its growth targets.

Citi Private Bank Builds Out North America Asian Clients Group

"Citi Private Bank remains uniquely positioned to serve the Asian ultrahigh-net-worth market with our global presence and broad and deep wealth management platform," Ida Liu, managing director and head of the North America Asian Clients Group, s

AFH Wealth Management buys KL Plester for £1.7m

AFH Wealth Management has announced the acquisition of Worcestershire-based KL Plester Financial Services Holdings for £1.7m.

Man Group 'in talks to buy UK asset manager NewSmith'

NewSmith will be placed in Man’s GLG unit if the deal is completed

WMA clashes with FCA on restricted investment labels

The FCA has put marketing restrictions in place that impact how specific types of products are promoted to different types of retail investors and defines retricted products as 'non-mainstream pooled investments' and 'non-readily realisable

Police raid HSBC's Switzerland Geneva office

In a statement, Swiss prosecutors said its probe into the troubled bank could be extended to "people suspected of committing or participating in money laundering."

Swiss to Tighten Leverage Rules for Big Banks This Year

Switzerland plans to tighten regulations requiring UBS Group AG and Credit Suisse Group AG to hold capital against potential losses to shield the economy from future financial crises

Private Wealth Management Industry Invests In More MBA Talent

Wealth management companies and units at banks have increased global recruitment significantly,

Old Mutual Wealth gears up for pension changes

He said this would be available to investors through Old Mutual Wealth’s collective retirement account in time for the pension changes on 6 April 2015

Arlette Ricci faces prison for 'hiding £13.9 million from French tax authorities'

The heir to the Nina Ricci perfume fortune went on trial and faces ten years in prison

Financial Times magazine names Maybank Islamic Best Private Bank for Islamic Services

For the sixth time, the bank won the “Best Private Banking Services Overall (Malaysia)” and six sub-category awards.

Standard Chartered All Out Effort to Save Company

Standard Chartered Plc will take an all-out effort to save the bank from further damage due to its high costs.

Lenlyn prepares sale of one of Britain’s oldest private banks

But plans to sell the bank’s sister brand ICE, which is one of the world’s largest bureau de change businesses, have been put on hold.

PAM AWARDS: Marsh Private Client Services Best High Net Worth Insurance Broker

Marsh said its Private Client Services (PCS) division was named "Best High Net Worth Insurance Broker" by Private Asset Management (PAM) magazine

Bank leak reveals billions from Caribbean stashed in Switzerland

However, in the case of The Bahamas, although it is also a financial centre, 55 Bahamian citizens or passport holders were associated with accounts at HSBC. Likewise, Bermuda, where 13 of its citizens or passport holders were associated with such accounts

Wealth and Asset Management