09/21/2014
Julius Baer injects intrigue into M&A talks
An executive at a Swiss asset management house, who asked to remain anonymous, said Mr Collardi is widely considered the potential solution to the “huge succession problem” at Credit Suisse, which oversees $890bn of wealth assets.
09/21/2014
Merrill Lynch fires brokers for promoting outside hedge fund -source
Merrill Lynch fired two veteran brokers from its Private Banking and Investment Group two weeks ago for guiding clients to invest in a hedge fund outside of the brokerage firm.
09/21/2014
Edward Jewell-Tait, head of Private Banking at Credit Suisse in Australia, says Credit Suisse’s private banking business is divided into two areas.
09/19/2014
Wealth managers are having to merge to survive as regulation gets tighter
When Schroders, one of the UK’s oldest asset management companies, bought fellow City institution Cazenove in July 2013, the world of finance was shocked.
09/19/2014
Wealth managers are having to merge to survive as regulation gets tighter
When Schroders, one of the UK’s oldest asset management companies, bought fellow City institution Cazenove in July 2013, the world of finance was shocked.
09/19/2014
A KBC spokesperson declined comment, citing confidentiality, but said the bank would make a statement “if there was relevant news.” Antwerp Diamond Bank CEO Pierre De Bosscher and Yinren did not respond to requests for comment.
09/19/2014
STEP Private Client Awards 2014/15
Sir Michael Birt QC was honoured with the prestigious Lifetime Achievement Award
09/19/2014
The bank will face stiff competition in the UK, both from the private banking units within large High Street institutions, such as Barclays and HSBC, as well as established private banks like Coutts.
09/18/2014
Private banks set to benefit from UK account switching
“Seven day-account switching will really come into its own when private banks start offering current accounts for all in 12-36 months’ time to promote early loyalty,” said Mike Davies
09/18/2014
ANZ's partnership with Vontobel to offer private clients access to the Swiss private bank's investment solution has attracted $1 billion in less than a year
09/18/2014
But Chief Executive Boris Collardi said any move on the bank was far off and a deal would be "very expensive".
09/17/2014
Efforts to tempt wealthy individuals to island increased
Guernsey is following in Jersey's footsteps with a campaign to attract wealthy people and their businesses to the island.
09/17/2014
Another Chinese ‘Wealth Management’ Product Bites The Dust
A potential default of 4 billion yuan by a nondescript Chinese bank reignites concern on risks from the country’s shadow banking sector - but an IMF blog says the sector is a mix of good and bad.
09/17/2014
Wealthy families around the globe have started shifting assets into stocks from bonds, reflecting increasing optimism about the outlook
09/16/2014
Private bank and wealth manager unveils new discretionary fund management service for IFAs
The firm already has a risk-profiled range of six portfolios that are audited by Distribution Technology.
09/16/2014
For the month of August, the Certitude Global Investing Index found a sharp fall in investor confidence for Australian equities.
09/15/2014
Almost Half of Rich Chinese Consider Move, Barclays Says
Almost half of China’s wealthy are considering relocating to a developed market within the next five years to find better education and job opportunities for their children
09/15/2014
When their nest is empty but the nest egg looks large, clients often get an urge to make big gifts of money to their children.
09/15/2014
These new portfolios Investing with Impact Balanced and Investing with Impact Equity will provide Morgan Stanley Wealth Management clients the opportunity to effectively align their financial goals with their personal values.
09/14/2014
SS&C GlobeOp Hedge Fund Performance Index: August performance 1.10%; Capital Movement Index: September Net Flows Advance 0.58%