03/02/2015
Citigroup Moves Private Bankers to Dubai as Rich Increase
Private banks are bolstering Middle East operations as the number of millionaires increases.
Wealth and Asset Management
03/02/2015
Neuberger Berman Places Nine Wealth Advisors In Barron's 'Top Financial Advisors' List
Barron's used a number of factors to determine the state-by-state rankings including: assets under management, revenue produced for the firm, regulatory record, quality of practice and philanthropic work.
02/28/2015
RM deal puts Sotheby’s head to head with Bonhams in competition for the future of UK car market
Much of Bonhams' classic and luxury car expertise, led by co-chairman Malcolm Barber, came from Sotheby's previous car department.
02/28/2015
BVI Sponsors 2015 Asian Wealth Management Forum In Hong Kong
The Forum looked at trends shaping the future of wealth management in Asia, welcoming over 100 CEOs, senior management, and other leading practitioners.
02/28/2015
BVI FUNDS: Preparing for the new abnormal
Its popularity has enabled the BVI to become the dominant global market leader for company incorporations, with over half of the world’s offshore companies domiciled in the BVI and with such companies being widely used throughout the world and in al
02/28/2015
Standard Chartered staff braced for big change under Winters
"There's a mood of borderline euphoria and excitement today... after six grim months where the sense of passion and urgency fell away a bit," said a senior Asia-based insider.
02/27/2015
Julius Baer Charges Institutional Clients for SNB Negative Rate
Banks including UBS Group AG, Credit Suisse Group AG and J. Safra Sarasin Holding AG have levied charges on some cash accounts after the Swiss National Bank last month began charging 0.75 percent interest to hold francs.
02/27/2015
Queen's bank accused of helping wealthy customers evade tax
The private bank's parent company, Royal Bank of Scotland, said the inquiry was focussed on its Swiss operation, including current and former employees.
02/27/2015
Carlyle splashes out $31.2 million on former JPMorgan executive
The disclosure shows the lengths to which Carlyle went to poach Michael Cavanagh in a bid to attract top talent and diversify its business.
02/27/2015
Specialist asset manager reports another year of outstanding investment returns relative to the ARC Private Client Indices
“It was a year in which active management via active managers paid handsome dividends, and the collective experience we are able to bring to bear at Bordier (UK) shines through in the outstanding numbers we have once more delivered for our clients.
02/27/2015
France Will Hand Over HSBC Tax Data to Austria Within Days
France will soon hand over to Austria tax data linked to leaked client data of lender HSBC Holdings Plc which has admitted failings in compliance at its Swiss private bank
02/26/2015
Dubai financial zone adjusting regulation to boost wealth managers
Dubai is adjusting regulation of investment firms that handle the money of wealthy people in its financial free zone
02/26/2015
HSBC CEO Says Swiss Tax Saga Was Product of a Different Era
HSBC Holdings Plc Chief Executive Officer Stuart Gulliver told U.K. lawmakers the scandal over the role the company’s Swiss private banking unit played in helping clients dodge taxes was the product of a different era
02/26/2015
Royal Bank of Canada Bahamas unit faulted in probe of tax fraud, money laundering
Royal Bank of Canada, Canada’s second-largest lender, said French prosecutors are recommending a Bahamas wealth-management unit be punished in a probe of tax fraud and money laundering.
02/26/2015
Top Investor Trends to Watch in 2015
The country's wealthier investors are more optimistic than ever before.
02/26/2015
HSBC bosses reject calls to quit after 'terrible list' of problems
HSBC bosses rejected calls from British lawmakers for them to quit over the bank's Swiss tax scandal
02/26/2015
Too Big to Pay Its Fair Share of Taxes?
Goldman Sachs’s latest financial report shows that the company avoided paying federal income taxes on almost half its United States profits in 2014
02/26/2015
Morgan Stanley wealth advisers pay awkward tribute to ‘Hunger Games’
Morgan Stanley’s army of wealth managers sure have a lot of free time on their hands. So much so that executives there have apparently crafted a video spoofing The Hunger Games movie.
02/26/2015
Secrets to Managing Multiple Offices
With the growth of the RIA channel and active M&A environment, many firms are branching out and opening new offices
02/26/2015
Swiss Banks Try to Keep Italian Clients After Tax Deal Is Signed
Swiss asset managers, faced with the prospect of an exodus of Italian funds, have won a reprieve.