Managers of Wealth

Millionaire investor visa shake-up

A new proposal, currently under review by home secretary Theresa May, could revolutionise the UK "investor" visa, creating billions of pounds worth of inward investment for the UK.

Credit Suisse to boost assets of Japan private banking business

The second-largest bank in Switzerland is moving in the opposite direction of rivals like Societe Generale and Merrill Lynch, which have given up on their private banking business in Japan.

Stifel's Global Wealth Management revenues up 15 percent from the year-ago

Global Wealth Management revenues for the fourth quarter rose 15 percent from the year-ago

Morgan Stanley signals a new openness to acquisitions

The investment bank executive, who oversees the firm’s wealth management franchise and its investment management business, says Morgan Stanley is open to making acquisitions to grow the $373-billion investment franchise known as Morgan Stanley Inves

St James's Place eyes up Asian business as profits jump

In advanced talks to acquire international adviser business in Asia

Protecting Private Wealth from Europe to the Far East ...

As the world becomes increasingly interconnected, death and taxes (according to Benjamin Franklin) remain certaines in an uncertain economic landscape.

Close Brothers Asset Management launches Master Trust to support SMEs

Close Brothers Asset Management has launched a multi-employer master trust, known as YourWorkplacePension, to support SMEs approaching their auto enrolment staging dates.

Mexico’s Comerci Said to Seek Buyer With Rothschild as Adviser

Controladora Comercial Mexicana SAB, owner of almost 300 supermarkets and restaurants, has put itself up for sale and is asking potential buyers to submit offers

Julius Baer now has 25% of CHF254 billion group assets in Asia

Globally, the bank has also transferred 365 private bankers during the year and now has a total of 1,197 relationship managers. In Hong Kong and Singapore, a total of 489 staff was transferred, of which 139 were private bankers.

WMA hires Barclays Wealth Direct head

The WMA is headed by Tim May

Asians Looking Away From Canada

Tens of thousands of Chinese and Asian citizens may have to find a new destination for their wealth after the Canadian government announced its intention to end its immigrant investor programme.

AXA Wealth cuts charges on exec-only platform

AXA Wealth has slashed the pricing on its execution only platform AXA Self Investor.

Wealth management and capital markets expected to drive Canadian bank profits

Canada's big banks are facing a tougher market for retail banking as the housing market slows and consumers look to reduce debt.

HSBC to announce bonuses totaling $4 billion

HSBC will announce staff bonuses totaling just under 2.4 billion pounds globally for 2013 and is expected to report a significant rise in pretax profit,

Facing Retirement Wave, Firms Get Serious About Training New Advisors

Running up against the limits of a recruitment strategy based on swiping advisor talent from their competitors, leading wealth management firms are trying a new ploy: Growing their own.

HSBC profits rise for 2013 thanks to cost-cutting

HSBC has reported a 9% rise in profit for last year, boosted by cost cuts as it restructured the business.

HSBC hands allowances to more than 1,000 bankers to avoid EU bonus cap

Britain's biggest bank, HSBC, has risked inflaming the row over City pay by saying it is to award more than a thousand of its top staff allowances to avoid the EU bonus cap.

Credit Suisse launches school for private bankers

Here’s a sign of the times: Asia is getting rich so fast that private banks cannot add staff quickly enough to keep up.

BDO Unibank to Buy Deutsche Bank's Philippine Trust Business

BDO Unibank Inc., the Philippines' largest bank by assets, said Monday it has signed a deal to acquire Deutsche Bank AG's Philippine trust business.

Walker Crips launches brand for Welsh market

Walker Crips is launching a new brand, Walker Cambria, to offer services designed specifically for the Welsh market.

Wealth and Asset Management