Managers of Wealth

Rich Men Still Control Household Investment Decisions

Much Of Disparity Likely Has To Do With Traditional Gender Norms

World's oldest bank posts 1.6B euro loss

The bank, which was founded in 1472, on Tuesday said in a statement that the bulk of the writedown was taken on its CGU Privati BMPS unit as well Banco Antonveneta, a 2007 acquisition analysts had deemed overpriced.

Sweetened ClearView bid a winner for Weiss

Weiss is understood to have been shopping the deal around for about a year, ever since he parted ways with GPG, the Ron Brierley-led corporate investment firm he ran for two decades.

Revenues soar at UK wealth management firm

Assets under administration and advice rose 31.3% to £3.02bn.

LGT more than doubles profits

In a challenging market environment, the international private banking and asset management company LGT Group increased group profit for the first six months of 2012 by a substantial 58% to CHF 130 million as against the same period of the previous year.

Top Wealth Managers Survey, Pt. 1: What Makes a Firm ‘Top’?

In the overview of our analysis of this year's Top Wealth Managers, insights into a changed industry

Private bankers and wealth managers are most in demand in Dubai

More than half of Dubai financial recruiters plan to hire more permanent staff before the end of the year - the second-highest percentage globally.

Liquidity fears haunt investment trusts

Investment trusts hope to see increased popularity once a ban on adviser commission comes into force next year, but perceptions of liquidity problems still plague the sector, say analysts.

IRESS Australia posts $25.8 million half-year profit

The financial markets division profit is down 4 per cent on the previous result, and the wealth management result is up 10 per cent compared to the first six months of 2011.

Opportunities abound for wealth managers in Asia

With the rising level of entrepreneurial wealth in Asia, it may be timely for these investors to note some of the recommendations and ask additional questions to the private banker of their choice.

Former Credit Suiss Banker Sells Exclusive Wines Online

But as Kevin Sidders, a former investment banker at Credit Suisse (CS) and Blue Beacon Capital, starts talking about his new business, VinConnect Inc., over our ceviche lunch in New York, I become seriously intrigued.

Valartis Group posts profit for the first-half of 2012 ‎

In addition to strict cost controls, the core of Valartis Group’s growth strategy going forward will be to increase the client assets under management in the Private Clients segment.

Credit Agricole sees Greek unit sale within weeks

Credit Agricole had said on August 9 it was assessing offers from Greek banks for Emporiki.

Scottish law firm strikes outsourcing deal with 7IM and European WM

Thorntons will have input on asset allocation across both services.

Charnock to front newly-created Standard Life adviser unit

In the UK the restructure will see the creation of an advisers and investments business unit made up of Standard’s existing retail adviser, proposition, wealth and investment solutions businesses, reporting into Richard Charnock.

Gold will extend a bull run - Coutts

Billionaire investors George Soros and John Paulson increased their stakes in the SPDR Gold Trust, the biggest gold-backed exchange-traded product, in the second quarter.

One Of The Largest Swiss Banks Just Confirmed Client Data Was Stolen

According to the SonntagsZeitung, the stolen data on clients found its way into the hands of tax investigators in the German state of North Rhine Westphalia, with the thief paid an undisclosed sum.

Data protection watchdog supports bank staff

Switzerland’s data protection commissioner has waded into the United States tax evasion row by demanding that banks stop handing over information to the US authorities that reveal the identity of staff.

Sharjah Islamic Bank honors winners of Seven Star award

The award, the first of its kind in the UAE banking sector

Emirates NBD wins Asia's Best Brand award

'Asia's Best Brand,' award is conferred on manufacturers and companies of outstanding consumer products and focuses on the company brands and trademarks.

Wealth and Asset Management