Managers of Wealth

Brazil approves UBS' planned takeover of local brokerage Link

Took place almost three years ago.

Banking & Payments Asia: China’s UHNW population growing fast

Each UHNW individual in China is expected to spend $570,000 on average on luxury items and private jet ownership in China is expected to double this year.

Morgan Stanley boosts CEO salary, eyes higher returns

Gorman's total pay for 2012 fell 7 percent to $9.75 million, the bank said in a regulatory filing Thursday, putting him on the lower end of the range for big banks that have reported figures so far.

Charles Stanley aims for second spot in platform market

Mr Yearsley, who formerly worked at Bristol-based Hargreaves Lansdown, said Charles Stanley’s new platform will be a success if it moves up to second position in the market in the next few years.

Millionaire Confidence Hits 2-Year High

“The Millionaire Outlook rose for the second consecutive month, driven by an increase in confidence in the economy,” Spectrem said.

UBS to boost wealth managenment business in China

"China, as one of UBS' most important markets, will continue to be key for our new strategy," Weber said during his first visit to China after becoming UBS chairman last year.

BofA Completes Int'l Weath Management (non-US) Transfer to Julius Baer

At the same time and as a first step of the integration, Julius Baer acquired the Geneva-based Merrill Lynch Bank (Suisse) S.A. with around CHF 11 billion assets under management.

ARC Private Client Indices and Charity Indices

The Q4 2012 performance figures for the ARC Private Client Indices and Charity Indices have been calculated.

Quadruple hire powers near tripling in Vestra profits

As it reported on its financial performance, Vestra pointed to the challenging conditions. However, in a filing to Companies House, the firm appeared to have navigated these smoothly, highlighting growth in its client bank ‘at a good price’ an

Signia's Robinson hire paves way for Leeds and Manchester arms

The expansion plans follow the boutique’s hire of former Schroders Private Banking boss Rupert Robinson for the newly created role of head of wealth management.

Major Swiss banks 'raise bullion holding charges'

Switzerland has traditionally been regarded by commodities traders as the best place to stash bullion.

Morgan Stanley Wealth Management Launches Perspectives in Philanthropy, Vol. 9, “Athletes and Entertainers Giving Back

The featured athletes and entertainers describe how they chose their philanthropic causes, the outcomes they hope to accomplish and the lessons they have learned from running nonprofits.

Berry Asset Management in Defaqto 5 Star rating double

The achievement of the maximum ‘5 Star’ Rating for multiple discretionary propositions across Defaqto’s two Discretionary Fund Management rating classes is a rare feat indeed.

UBS, Coutts target onshore wealth in HK

Amid signs of a rising appreciation of asset allocation, the Hong Kong market heads of two private banks step up marketing to the city’s underpenetrated high-net-worth community.

Seymour Pierce enters int’l asset management market

Until now, the company, which traces its roots back to 1845, has catered mainly for British investors

Berry Asset Management wins 'Best Innovation' Award

Berry Asset Management has been announced as the winner of the ‘Best Innovation’ award at the inaugural ‘Portfolio Adviser Wealth Manager Awards’.

UK private bank hits a double £1 billion milestone

When, more than one hundred years ago, George Gilbert Williams, president of the famously conservative Chemical Bank, was asked for the secret of his success, he replied: “The fear of God”. There’s nothing new under the sun!

BNY Mellon feels the green as new administrator for UK private bank

BNY Mellon will provide a full suite of services to the Irish fund range including derivative execution, KIID production, daily performance reporting and share class hedging.

Investec Says Nine-Month Operating Income Increased 1 Percent

Operating costs increased 4 percent in that period

Growth in Indian art paves the way for wealth management

In the past, the Indian art market was largely dominated by collectors and connoisseurs

Wealth and Asset Management