01/23/2014
The move represents a rare outside appointment at partner level for the private bank with $225 billion in client assets that traces its roots back to the late 18th century and is run in part by seventh-generation descendents of its founding families.
01/23/2014
Brown Shipley has emerged as a potential buyer, a move that would bolster the private bank’s investment management operation in London.
01/22/2014
Leading Asian financial services group in advanced talks to buy SocGen Asia private bank
It was unclear how much Southeast Asia's biggest lender would be willing to pay for the bank, but previous estimates from financial sources have valued it at between $300 million and $400 million.
01/22/2014
Time for private banks to tap Gulf wealth?
Within the GCC, HNWIs are serviced by 61 private banks all located in Dubai, 31 of them international. There are an estimated 700 private bankers in the region.
01/22/2014
Portfolio Adviser rewarded the UK's finest portfolio managers last night at its invitation-only Wealth Manager Awards held in London.
01/22/2014
UBS AG board supports the strategy of keeping the investment bank to help provide services needed by the company’s ultra-rich clients in wealth management
01/22/2014
Wealth-X data shows that those born in the Horse year are the most highly educated among UHNW individuals, and donate more to education causes than any other zodiac sign.
01/22/2014
UBS, the chairman’s daughter, and a row over bank connections
She may only be a junior banker but Joyce Wei has caused quite a stir in the past few days in the Hong Kong capital markets.
01/22/2014
Both will draw on eight portfolios across six risk profiles with two income options, investing in a mixture of direct and fund investments.
01/22/2014
Further Organizational Announcements Include Jim London’s Appointment to U.K. Chief Operating Officer; Ryan Hicke Returning to U.S. in Executive Position Supporting Private Banks Team
01/22/2014
Raymond James Financial Inc. said its fiscal first-quarter earnings rose 36% led by growth in its private client group and asset management segments.
01/21/2014
Rothschild Completes €200m Fund Raising for First Oberon Credit Investment Fund
The Fund targets a 7-9% net IRR, via quarterly cash distributions, offering low volatility of returns and superior access to assets via a proven and highly respected Investment Adviser.
01/21/2014
Wealth managers caution equities face setback despite clamour for risk
There appears to be a high level of complacency from investors
01/21/2014
Close Brothers Asset Management announces sponsorship of National Family Business Day 2014
The National Family Business Day, launched by Family Business United is designed to recognise the invaluable contribution family businesses make to the British economy, a fact that has often gone unreported and under-appreciated.
01/21/2014
The Manchester Million Club aims to get 1,000 local businesses donating £1,000 a year to provide £1m to support locals.
01/21/2014
This 12 percent increase on the Collateral Highway – which allows users to seamlessly source and mobilise their securities irrespective of location in order to cover trading exposures and to access central bank liquidity – comfortably eclipsed
01/20/2014
Old Mutual coup hits Absa Wealth
ABSA Wealth, reeling after the recent coup in which Old Mutual poached its asset management team, is still struggling to plug the gap.
01/20/2014
The Wealth Management Hunger Games
But how does this stack up against some of its “Big 5” competition?
01/20/2014
China’s Wealth Management Products Lure Investors With Higher Yields
Legally they are not deposits
01/20/2014
Deutsche Asset & Wealth posts 8% Q4 revenue jump
Its parent Deutsche Bank had a tough quarter, recording a net loss of €965 million for the last three months of the year as a slowdown in fixed income trading took its toll on earnings.