Managers of Wealth

Banks can't sell wealth divisions: Perpetual

The major banks are stuck with their wealth management arms whether they like them or not, argues Perpetual Investments group executive Michael Gordon.

Net Promoter Score confirms Private Bank’s standing with its clients

The Net Promoter Score is a loyalty metric which gives an indication of how clients represent a company to their family, friends, colleagues and associates.

Lombard Odier in £2.7m legal row with ex-London hedgie

He is said to be looking for £2.7 million in compensation in relation to the management of a $500 million hedge fund, LO AOG Energy.

Old Mutual Wealth scraps Skandia brand

The company’s offshore investment business Skandia International will be rebranded to Old Mutual International early next year.

Societe Generale gears up for Rugby World Cup 2015

With one year until Rugby World Cup 2015 kicks off, Societe Generale celebrates its role as the tournament’s official sole bank sponsor.

Swiss private bank eyes Coutts international arm, wary of bidding war

Swiss private bank is interested in acquiring Coutts International, a unit of Royal Bank of Scotland, but will not get into a bidding war for the venerable British bank's overseas arm

Rise of the new private banking clubs

Some banks still operate that way, but high street brands have also entered the market, offering “premier banking” and a relationship manager.

Standard Chartered global markets head dies at 42

Bloomberg News reports his death was announced in a company memo that said he was with the bank for 19 years and called him 'an important member of the Singapore country management team.'

Julius Baer injects intrigue into M&A talks

An executive at a Swiss asset management house, who asked to remain anonymous, said Mr Collardi is widely considered the potential solution to the “huge succession problem” at Credit Suisse, which oversees $890bn of wealth assets.

Merrill Lynch fires brokers for promoting outside hedge fund -source

Merrill Lynch fired two veteran brokers from its Private Banking and Investment Group two weeks ago for guiding clients to invest in a hedge fund outside of the brokerage firm.

Credit Suisse’s biggest competitor? Adventure investors

Edward Jewell-Tait, head of Private Banking at Credit Suisse in Australia, says Credit Suisse’s private banking business is divided into two areas.

Wealth managers are having to merge to survive as regulation gets tighter

When Schroders, one of the UK’s oldest asset management companies, bought fellow City institution Cazenove in July 2013, the world of finance was shocked.

Wealth managers are having to merge to survive as regulation gets tighter

When Schroders, one of the UK’s oldest asset management companies, bought fellow City institution Cazenove in July 2013, the world of finance was shocked.

Antwerp Diamond Bank Faces Liquidation as Sale Stalls, Reports Say

A KBC spokesperson declined comment, citing confidentiality, but said the bank would make a statement “if there was relevant news.” Antwerp Diamond Bank CEO Pierre De Bosscher and Yinren did not respond to requests for comment.

STEP Private Client Awards 2014/15

Sir Michael Birt QC was honoured with the prestigious Lifetime Achievement Award

‘The Zebra no longer has a thorn in its foot’ – Kosseff

The bank will face stiff competition in the UK, both from the private banking units within large High Street institutions, such as Barclays and HSBC, as well as established private banks like Coutts.

Private banks set to benefit from UK account switching

“Seven day-account switching will really come into its own when private banks start offering current accounts for all in 12-36 months’ time to promote early loyalty,” said Mike Davies

ANZ Swiss partnership attracts $1bn from private clients

ANZ's partnership with Vontobel to offer private clients access to the Swiss private bank's investment solution has attracted $1 billion in less than a year

Julius Baer CEO says any takeover of bank far off

But Chief Executive Boris Collardi said any move on the bank was far off and a deal would be "very expensive".

Efforts to tempt wealthy individuals to island increased

Guernsey is following in Jersey's footsteps with a campaign to attract wealthy people and their businesses to the island.

Wealth and Asset Management