Managers of Wealth

Credit Suisse to launch new digital wealth management offering

Next month Credit Suisse Private Bank will be rolling out new digital capabilities in Asia, and April will see the launch of a tablet banking offering in Switzerland.

Wealth management market growing rapidly in China

According to McKinsey & Company, some 60% of China's high-income earners have assets abroad, and their overseas investments account for 10% of their total assets.

Skënderbeg launches four single-manager funds with Your Wealth AG

Skënderbeg Funds AGmvK, an investment fund for qualified investors under Liechtenstein law (umbrella fund), launched four traditional single-manager funds together with Your Wealth AG on 12th January.

UBS shifts capital strategy as regulatory goalposts move

The decision by UBS to shift stance and issue high-trigger CoCos paid off early after the Swiss government announced on Wednesday

Lombard Odier’s three-year plan to double UK wealth assets

Dominic Tremlett first came to London as Lombard Odier’s head of UK private banking two years ago

UBS to combine EU businesses in one unit: Handelsblatt

A preliminary decision on where the unit will be based is to be made next week, the paper said, adding that talks with German financial watchdog Bafin were advanced.

Bank’s film schemes set up to avoid tax

HSBC’s London office earned millions of pounds in fees by creating some of Britain’s largest tax avoidance schemes

Rachel recognised with Gold award from Close

Close Finance’s Rachel Scott Renouf has won a gold award in the Group’s inaugural Recognition Awards.

Private Wealth Management Industry Invests In More MBA Talent by Seb Murray, MBA Careers

Wealth management companies and units at banks have increased global recruitment significantly, as wealth managers grapple with new technologies and regulatory changes.

Two Deals Bring Attention to Banking’s Safra Family

On a single day last fall, two deals were coming together that would draw unusual attention to a banking family that prefers to remain in the shadows

Wealth-X acquires preeminent wealth market research and advisory firm

With the acquisition, Wealth-X will employ more than 250 professionals across offices in 13 cities, including London, Singapore and New York.

Under the bonnet of Heartwood-Handelsbanken tie-up

Heartwood was ahead of most rivals with its mass-market proposition launch last year

HSBC made £2.3m from Sven and Fergie's tax scheme

HSBC made £2.3 million from the Eclipse 35 tax avoidance scheme used by former football managers Alex Ferguson and Sven-Goran Eriksson

Rathbones to launch private office and rebrand in key 2015 moves

Rathbones is launching a private office for high net worths and plans to rebrand in key initiatives to meet its growth targets.

Citi Private Bank Builds Out North America Asian Clients Group

"Citi Private Bank remains uniquely positioned to serve the Asian ultrahigh-net-worth market with our global presence and broad and deep wealth management platform," Ida Liu, managing director and head of the North America Asian Clients Group, s

AFH Wealth Management buys KL Plester for £1.7m

AFH Wealth Management has announced the acquisition of Worcestershire-based KL Plester Financial Services Holdings for £1.7m.

Man Group 'in talks to buy UK asset manager NewSmith'

NewSmith will be placed in Man’s GLG unit if the deal is completed

WMA clashes with FCA on restricted investment labels

The FCA has put marketing restrictions in place that impact how specific types of products are promoted to different types of retail investors and defines retricted products as 'non-mainstream pooled investments' and 'non-readily realisable

Police raid HSBC's Switzerland Geneva office

In a statement, Swiss prosecutors said its probe into the troubled bank could be extended to "people suspected of committing or participating in money laundering."

Swiss to Tighten Leverage Rules for Big Banks This Year

Switzerland plans to tighten regulations requiring UBS Group AG and Credit Suisse Group AG to hold capital against potential losses to shield the economy from future financial crises

Wealth and Asset Management