11/06/2012
The increasing popularity of wealth management products in China has the potential to reduce banks' deposits and destabilize the banking system more generally, says CreditSights.
11/06/2012
"From the perspective of asset quality, the best point in the credit cycle is now behind Australian banks," said Fitch Ratings.
11/06/2012
BNP Paribas doubled third-quarter net profit on the back of a bond-trading rebound and a drop in euro zone losses, helping it meet balance-sheet targets ahead of schedule despite the economic slowdown.
11/06/2012
ING Group's 3Q12 net result was EUR 609 million, or EUR 0.16 per share, including divestments and special items.
11/06/2012
Rathbones acquires Taylor Young IM's wealth business
TYIM funds under management were £337 million at 2 November 2012 and Rathbones expects to pay a total of up to £10million for the firm.
11/06/2012
Funds under management in core operations up 4% to £263.3 billion
11/06/2012
Leading global financial services firm selling its Indian private bank
Wealth management platforms are usually sold for about 2 to 3 per cent of the assets under management, although the sources said it was not yet clear what price tag the unit could fetch.
11/06/2012
Skandia, which has since begun to rebrand as Old Mutual Wealth, saw UK platform gross sales of £900 million, down from £1.2 billion in the third quarter of 2011.
11/05/2012
Wealth Management Reigns Supreme at UBS
CEO of UBS Group Americas and the head of Wealth Management Americas, held a quarterly conference call yesterday with wealth management employees to brief them on the direction of the unit.
11/05/2012
Swiss Private Bank opens ME office
The bank is one of the oldest Swiss Private Bank authorized by FINMA
11/05/2012
Swiss bank joins emirate to manage assets
The Doha-based business of the joint venture will be licensed and regulated by the Qatar Financial Centre.
11/05/2012
The award was granted in the category 'Best Bank in the CIS and Baltic States providing private banking services and wealth management for Russian customers'.
11/05/2012
Britain’s Royal Mint’s announcement is on the heels of Barclays Plc expansion into opening a precious metals vault for its customers in September and Deutsche Bank will follow suit in March.
11/05/2012
The pair are currently working in Rathbones’ Winchester office, but will set up their own branch in Lymington before the end of the year.
11/05/2012
The firm currently has 114 paraplanners and support staff and is looking to add another 20 across the UK.
11/04/2012
Global Wealth 2012, Highs and Lows of World Salaries
Last year, the smallest wages in Europe were paid in Ukraine, Moldova and Albania.
11/04/2012
Some of the paintings feature scenes of Singapore from a time long gone
11/04/2012
Luminous, with $5.5 billion in assets under management, is a good fit with First Republic Investment Management Inc., a unit of First Republic
11/04/2012
UBS Targeting Better Returns from Wealth Management
Previous pretax profits from the bank's activities in wealth management, retail and corporate banking businesses are estimated to have been around CHF5 billion per year, the paper said.
11/04/2012
Australian wealth manager sets sights on growth
"We will consider merger and acquisitions that deliver additional value without exposing shareholders to excessive risk."