09/07/2014
Stockbroker snaps up private wealth unit
The land grab continues among the stockbroking community.
Wealth and Asset Management
09/05/2014
Credit Suisse combines Europe private bank
Significant progress has been made in solving legacy cross-border tax matters with the aim to finalise by the end of 2015
09/05/2014
No more secrets - Swiss banks learn to shape up, not shut up
The key paradigm shift is that, in the old days, Swiss private banking imported clients
09/05/2014
Private bankers link training to take-up of funds
The structure that has been put in place to promote funds has been quite successful
09/05/2014
No more secrets - Swiss banks learn to shape up, not shut up
Switzerland's allure as a place to stash cash has been badly damaged by a U.S.-led campaign against tax cheats, and the country's roughly 140 private banks can no longer rely on a reputation for secrecy to attract wealthy customers.
09/05/2014
HSBC Private Bank moves Swiss trust business to Jersey
The bank will retain Swiss-based trust front offices in Geneva and Zurich, as HSBC Switzerland is a key international booking centre for its global private banking operations.
09/05/2014
Bob Diamond venture pays $270m for Africa bank stake
Atlas Mara ups stake in Union Bank of Nigeria to 29.9pc as it attempts to profit from African growth
09/05/2014
Scotiabank Realigns Global Wealth & Insurance to Take Business Closer to Customers
Insurance Canada and International Insurance will be realigned to the Canadian Banking and International Banking Business Lines respectively.
09/04/2014
In-house fund dilemma: Wealth managers split over future of products
The FCA is expected to reveal its findings at the end of September
09/04/2014
CIBC Raises Ceiling on Wealth Deals to $1.8 Billion
The bank’s largest wealth-management deal was its August 2011 purchase of a 41 percent stake in American Century Investments for $848 million.
09/04/2014
Succession assures more acquisitions
“Dynamic firms need to carefully consider their choice of partner in order to realise their ambitions.”
09/04/2014
Leading Swiss Private Bank adds Canada to its operations
The Zurich-based firm said it’s focusing on a niche group of affluent Canadians whose financial needs aren’t being met by domestic banks or foreign companies with private-wealth operations.
09/04/2014
Banks Package Longevity Risk for Institutions and Wealthy Investors
Leave it to Wall Street to come up with a new product that solves the “problem” of longer life spans
09/03/2014
A wealth manager is someone who wanted to be a banker, but didn’t have the personality for it
Disruption shakes up tradition-bound industry
09/03/2014
BLME and Bank Muamalat to collaborate on Islamic private banking
Bank of London and The Middle East plc (BLME) announced today that it has signed a Memorandum of Understanding (MoU) with Bank Muamalat Malaysia Berhad (Bank Muamalat).
09/03/2014
Citigroup to Make Up for EU Bonus Cap with Allowances
The move aims to compensate the officials for what they lose as a consequence of the latest EU rules.
09/03/2014
Tony Blair's GQ Philanthropist Award reaction: 'it was a very bad year for philanthropy'
The choice to give the award to Tony Blair has baffled many - but has served to give an iota of relevance to the GQ Awards
09/03/2014
Push for Australia's wealthy to match US philanthropy levels
For the richest Australians, when they're not making money, the question is how to give it away?
09/02/2014
Cambridgeshire IFA gets nod on discretionary permissions
The firm manages around £85 million of clients’ assets in the portfolios.
09/02/2014
MUBE orders industrial action at HSBC’s wealth management division
The union said that this employee’s right to be included under the same terms and conditions detailed in the agreement covering wealth management employees signed on April 2013 was not being recognised by the bank.