Managers of Wealth

Intertrust sells Cayman banking activities

The transaction will have no effect on Intertrust`s profitability going forward.

The Future of Wealth Management

This is not to say that advisors should ignore the short term, but they’d be well served to pay more attention to where the industry is going long-term, or at least three to five years from now.

Dominion Hires Rothschild To Explore Sale

There can be no assurances that any transaction will result from these matters and the Company intends to make no further announcements or comments regarding these matters unless the circumstances so warrant.

Boxing clever: Nedgroup's multi-management chief on long-term plans

Garvin, who oversees $2.5 billion (€2.34 billion) in assets, has his own long-term credentials – the Cape Town-based fund selector has been in the multi-management business for 19 years and has had a global remit for a decade.

RBC provides $2.5 million in support of Syrian refugees and other newcomers arriving in Canada

The funds will be used towards settlement, skills development, and employment readiness to assist in achieving successful social and economic integration.

Credit Suisse Claims UBS Raided Staff

Roughly 70 of 300 brokers left for UBS in recent months

Brewin's wealth head Ford focusing on growth

As Brewin Dolphin has become one of the biggest names in the UK wealth sector, Ford’s career has progressed in parallel.

JPM wealth arms fined $307m over client disclosure failings

JP Morgan has admitted disclosure failures and will pay the SEC $267 million in penalties and disgorgement.

UBS Boosts Bonuses for Top Teams in 2016

All members of a team meeting the hurdles will individually receive payouts based on what the team’s highest producer receives, UBS says

CIBC Possibly Eying Greater Role In U.S. Wealth Management Space

Chief Executive Officer Victor Dodig has sought to expand CIBC’s U.S. wealth-management business, earmarking as much as C$4 billion $2.87 billion as recently as October to pursue takeovers.

Moody's affirms the ratings of Nedbank Private Wealth with stable outlook

Concurrently the rating agency has affirmed the bank's Baa3/P-3 deposit ratings and the Baa2 cr/P-2 cr long- and short-term Counterparty Risk Assessments; the outlook on the deposit ratings remains stable.

Gaming billionaire exits stokes Crown buyout talk

The move comes amid mounting speculation that talks are continuing to privatise Crown Resorts.

Rich clients for sale as HSBC appoints advisers to help it clean house

The move to reduce the private bank comes after Stuart Gulliver, chief executive of HSBC, unveiled plans in the summer to help simplify the global group and focus on core markets, including Asia.

Startups Have Become Asset Class for Wealth Managers

Many private wealth management firms are also approaching wealthy clients as a product mix in the asset allocation portfolio.

New partnership to expand Wealth Management Services in the GCC market announced

The partnership enhances TAKAUD's investment platform with the addition of Mirabaud fund range, including some of the top performing flag-ship funds.

Wiener Privatbank acquires banking operations of Valartis Bank (Austria)

The issuer is solely responsible for the content of this announcement.

Nomura Said to Seek Stake in American Century for $1 Billion

The Japanese firm is seeking to expand its capabilities to sell products to pension funds and insurers, and enter private banking and retail markets in the U.S

Wealth manager plans European acquisitions

Declined to provide details of potential acquisition targets.

What Does A Friendly Relationship Between Trump And Putin Mean For Rich Russians?

Russian President Vladimir Putin speaks during his end-of-year news conference in Moscow

Dealmakers are Banking on Asset Management

Dealmaking in the asset management space is underscored by Loeb president Jamie Kempner's recent strategic alliance

Wealth and Asset Management