09/22/2011
CIBC Will Spend Capital on Wealth Management, McCaughey Says
CIBC Will Spend Capital on Wealth Management, McCaughey Says
Wealth and Asset Management
09/22/2011
Private banking: Local groups join competition to service wealthy clients
Private banking: Local groups join competition to service wealthy clients
09/21/2011
UBS and Citi eye Asia to get back on track
The racy image of Singapore’s temporary Formula One racetrack, sponsored by UBS, sends the last sort of message the Swiss bank would have wanted after last week’s rogue trading scandal in London.
09/21/2011
Asia’s wealthy individuals provide huge potential to asset managers
The huge growth in the number of wealthy individuals in Asia, led by those in China and Hong Kong, will create a huge potential for asset management companies and private banks in the region, according to Amar Gill, head of research (special projects) at
09/21/2011
HSBC: Over 50% of city's wealthy hold yuan deposits
The thirst for yuan assets seems to be unquenchable according to a survey which indicates that 53 percent of the city's wealthy residents hold yuan deposits and nearly a half plan to accumulate even more in the second half.
09/21/2011
A Banker’s Secret Wealth
Emilio Botín is a billionaire Spanish banker renowned for running a tight ship.
09/21/2011
'Decamillionaires' on the rise in Asia as wealth shifts away from Western nations
ONCE, a million dollars easily bought entry into the ranks of the well-off.
09/21/2011
HK watchdog grants banking licence to Swiss PB
HK watchdog grants banking licence to Swiss lender
09/21/2011
Banking sector employment: A major issue
At the end of 2010, the banking sector employed 108,000 people in Switzerland, representing nearly 3.2% of the country's total workforce. If one includes independent asset managers and securities traders the figure tops 141,000 jobs.
09/21/2011
Partnership of independent wealth management firms invests in Colony Group
This is Focus’ fourth transaction in 2011; the partnership will become effective October 1, 2011. With its investment, Focus will grow to $45 billion in assets.
09/21/2011
Caution—Even at a Family Wealth Conference
At the Institutional Investor Family Office Wealth Conference, Laguna Beach:
09/21/2011
MDE Group spins off asset management business
The MDE Group, a US$1.3 billion wealth management firm, has spun off its asset management business to serve Registered Investment Advisors (RIAs) community
09/21/2011
Barclays out as Scottish Open sponsor
Barclays PLC said Tuesday its title sponsorship of the Scottish Open has ended after 10 years because of "market factors."
09/20/2011
Swiss wealth managers to improve efficiency and accountability in 2012, predicts Advent
Advent signed its first Swiss client in 1996 and opened an office in Zurich in 2000, coupling its world-class solutions with the team's local industry knowledge.
09/20/2011
UBS board to meet in Singapore to review $2.3bn loss
UBS AG (UBSN)’s directors will meet in Singapore this week following the disclosure of a $2.3 billion loss from unauthorized trading, according to two people with knowledge of the situation.
09/19/2011
Dawn of the wealth managers
Private bankers have set their sights on the region's growing cash pile. It's official: private bankers have flooded the region.
09/19/2011
UBS suspends global advertising campaign after $2bn fraud
UBS has suspended its global advertising campaign in the wake of the 2$ billion rogue trading at its investment bank in London, a press spokesman confirmed Sunday.
09/19/2011
MAMC named premier advisory firm by NABCAP
The NABCAP Premier Advisors list of 75 elite wealth management practices was published in the Sept. 16 edition of The Washington Business Journal.
09/19/2011
Private banks eye UBS's disgruntled rich clients
Private banks are hoping for a haul of new clients exiting Swiss giant UBS as its core wealth management arm reels from the reputational damage caused by a $2 billion rogue trader scandal at its London capital markets division.
09/19/2011
ING aims for top-three position in Dutch private-banking market
ING Groep NV, the biggest Dutch financial-services company, aims to move into the top three in wealth management in its home market after selling Asian and Swiss private-banking operations.