Managers of Wealth

Deduction Uncertainty Fuels Giving by the Wealthy

They think rates will rise next year, but the charitable deduction will be fully available.

Bank of America CEO blocks pay cut for Merrill brokers

He personally blocked a cost-cutting proposal that would have cut the main component of most brokers’ pay for 2013, Bloomberg reports.

High-net-worth individuals 'want better banking'

A large number of high-net-worth (HNW) individuals in China are not satisfied with private banking services and look forward to tailor-made, innovative offerings, a survey that polled some 700 individuals across 29 cities in China revealed.

French Bank Showed Parody Hitler Video To Motivate Top Employees

We won't fault BNP much. They're frequently fairly funny, though some employees were reportedly offended.

Wealthy Asia investors may cool to corporate bonds as deals sour

Asia's wealthiest investors may lose some of their appetite for corporate bonds after getting burned in recent deals, analysts and bankers say, sowing caution in a market where issuance hit a record this year and hiking funding costs for riskier borr

How Will Millionaires Invest in 2013?

Millionaires will be tweaking their investment portfolios in the coming year

Lotto winners want compensation from Coutts after 'wrong advice'

The unidentified couple from Devon who won the lottery in 2001, are now hoping to win a substantial amount of compensation from Coutts.

Wealth of bank jobs

The hiring focus now is on the back-office compliance staff to rein in the risk takers

World’s richest add $15b to their wealth

The week's biggest gainer was Oracle founder Larry Ellison

China Wealth Growth Shifts Inland, Boston Consulting Study Finds

China is seeking to expand the economies of the western region faster than the country’s average in the five years through 2015, using policy incentives and investing in projects ranging from high-speed rail to eco-tourism.

Better asset management solutions could help support Swiss private banking in future

Many private clients are no longer willing to invest in hedge funds - or anything else for that matter, and that U.S. investors are no longer making the Swiss pilgrimage.

UBS faces fight to uphold reputation among super-rich

With its reputation under attack, investors say there's no way of knowing how many risk-conscious clients will stick around while UBS atones for its Libor sins.

Swiss wealth manager opens third Spanish office

With its reputation under attack, investors say there's no way of knowing how many risk-conscious clients will stick around while UBS atones for its Libor sins.

Top 10 UHNW British Executives

A list of the wealthiest executives in the United Kingdom.

Singapore Rides Wave of Asian Wealth

City-State Is Surging as a Center for Private Banking as More Chinese Seek a Home for Their Cash

Quarter of Swiss Private Banks No Longer Profitable, KPMG Says

A quarter of Swiss private banks are no longer operating profitably, with smaller wealth managers facing a “critical” situation, a KPMG report showed.

Too big to fail? China’s wealth management products stir debate

It’s not yet clear how many, and to what extent, others have defaulted. But analysts say that if more flop and generate headlines like the Hua Xia case, a crisis in confidence could ensue, sparking a run on the wealth product market.

Julius Baer brings forward realignment of management structure

Gregory F. Gatesman, designated Chief Operating Officer, will join on 1 February 2013 at the expected formal completion of the acquisition.

Vistra announces rebranding of Corporate Services Belgium CVBA

Vistra now has two offices in Belgium - Brussels and Antwerp - from where it is able to offer local clients access to its network of 25 offices spanning 19 jurisdictions worldwide.

Rich Chinese Flee, Bringing Their Wealth With Them

Most countries worry about brain drain. China is worried about millionaire drain

Wealth and Asset Management