Managers of Wealth

Hedge-Fund Tenants Set for Record Growth in London’s Mayfair

There’s a higher than average amount of space under offer in Mayfair and St James’s and a large proportion of that is from hedge funds and private equity firms

Old Mutual Int’l launches trust tool to support advisers

Old Mutual International has launched a new online service with the aim of boosting its trust proposition by pointing advisers towards the most suitable trust for their customer’s circumstances.

Chinese investment group bids to buy rest of BHF Kleinwort Benson

It agreed to buy German bank Hauck & Aufhaeuser Privatbankiers earlier in July. It also owns French-based holiday company Club Mediterranee and has a stake in Britain's Thomas Cook.

Identifying Asia’s regional bank champions

It is the opportunity to service retail and wealthy clients in Asia that has fired banks’ ambitions

Wealth management group IOOF cuts ties with financial planners

Wealth management group IOOF has let go 33 out of 48 financial planners it acquired in 2012 as part of its purchase of the My Adviser and Plan B businesses, according to trade publication Independent Financial Adviser.

BNP Paribas taps ex-Silver Bridge chief for ultrahigh-net-worth assault on US

The BNP Paribas unit is aiming for a September launch

Who's the Next Impact Target After Goldman Sachs Snaps Up Imprint Capital?

Some kind of impact investment proposition has become de rigueur for big banks and financial services providers, but a gap has remained between talk and action.

Jersey: Family Offices And Jersey

What are the requirements when a family wants to setup a family office in Jersey?

Standard Chartered Must Raise Up to $10 Billion, Mizuho Says

A capital issue would be dilutive, and we would expect the bank’s share price to fall initially

How promoters are taking charge of managing their personal wealth

Promoters sitting on huge cash after selling off their businesses are also directly taking charge of their Family Office to make investments

Tough targets and “suffocating” compliance stresses push Asian bankers to the brink

Private banks have recently struggled to reduce compensation and compliance costs

Rapid growth is expected for Islamic wealth management

Islamic wealth management is going to become be the “new frontier” for the global Islamic finance industry as a growing number of Islamic high-net worth individuals keeps looking for Shariah-compliant types of investment.

Barclays shuts down accounts for expats living in Cyprus and Malta unless they hold £100,000 or more

But angry expats who have spent years as loyal customers of the bank say they feel betrayed. Many say they have been told they must have a UK-based account to receive their British state pension.

UBP launches small and mid-cap Swiss equity fund

Citywire + rated Eleanor Taylor Jolidon, who runs the Swiss equity fund, is the lead manager of the new fund

Tidjane Thiam flags acquisition ambition with Credit Suisse investors

Credit Suisse’s new chief executive has sounded out its main investors about plans to expand the Swiss bank’s asset management operations, potentially through an acquisition, according to people familiar with the talks.

Tapping Asian wealth means going local for foreign banks

Global investment banks will find it more costly to unlock wealth in Asia as regulatory changes make accessing domestic markets tougher

Old Mutual Int’l launches trust campaign for offshore advisers

Old Mutual International has launched a campaign to promote “under-utilised” trusts among offshore advisers and will launch further support tools “shortly”.

Swiss Banks Rehabilitating Russia With Year’s Biggest Eurobond

Success in the sale, led by Credit Suisse Group AG and UBS Group AG, may mark the revival of a market closed to all but the biggest Russian companies since the nation’s incursion into Crimea.

Morgan Stanley head count dips to record low

Largest firm by number of advisers cedes ground with 3% one-year drop; executives point to shedding of lower producers

Syz: Bankers abused the Swiss label of quality

Dozens of private banks are still waiting to learn their fate.

Wealth and Asset Management