Managers of Wealth

Larger global banks are cutting back on international private banking operations

Big is no longer always beautiful in private banking.

Wealthy Chinese Look Beyond The American Dream

China's rich visa-seekers are discovering alternatives to foreign investment visa schemes in the US, Canada and Australia, and are increasingly applying to Europe and the Commonwealth Caribbean.

Europe’s centuries-old private banks have seen better times

Europe’s economy might be growing much more slowly than its US and Asian counterparts, but it still has solid fundamentals of wealth

Hedge Fund Institutionalization: Are You Ready to Outsource Performance and Analytics by Denis Melekhov, SS&C

In the past, high net worth individuals have traditionally been the primary source of hedge funds’ assets and have been their catalyst for growth.

Family-Owned Bank Continues Internation Acquisitions With Bahamas Buy

Over the last 12 months our Group has been developing an international network of locations from which we can best support the needs of our UHNW client base.

Morgan Stanley now has the hottest wealth-management division on Wall Street

A Super-Tough Question Morgan Stanley Asks Bankers Who Want To Join Its Wealth-Management Team

RBC to shake up wealth division and cut jobs

Royal Bank of Canada is shutting down its international client-wealth-management business in the Caribbean, along with some international advisory businesses in Canada and the United States, following a “strategic review.”

UBS Group to Make Trading Debut Next Week After Share Swap

UBS has said the creation of the holding company will probably reduce the amount of capital the bank has to hold under Swiss too-big-to-fail rules. The bank expects to return at least 25 Swiss centimes per share to stockholders of the new group.

TMF Group Acquires leading provider of fiduciary services in South Africa

This deal provides the Company with a sizable platform from which to accelerate its growth strategy across Africa.

Alarm for Singapore bonds as private bank bid falters

Signs that wealthy private banking clients are reining in their appetite for Singapore dollar bonds could spell trouble for the small and medium-sized companies that are streaming to the city's capital markets.

HSBC's Swiss private banking arm under investigation in France

"We will continue to cooperate with the French authorities to the fullest extent possible," it added.

Private banks in Hong Kong are in an expansionist mood

Financial markets liberalisation in China and the growth of private wealth in the country are driving demand for private bankers in Hong Kong, a city where rich Chinese typically park a proportion of their assets.

Bankers Provide One-Stop Shop For Wealth Management Training

The American Bankers Association has created a one-stop shop for wealth management training for bankers and others.

Citigroup Risk Executive Miller Found Dead in New York

Miller “was highly regarded at Citi and across the financial services industry as a thought leader and tireless advocate for environmental and sustainable business practices,” bank executives wrote in a memo to employees in his division. &ldqu

Delegation turns on charm for Rio's business community

Luxembourg's leading politicians and dignitaries led a charm offensive in Brazil's second City, Rio de Janeiro, on Wednesday.

Investec Looking for More Wealth-Management Acquisitions

Asset Manager Is Aiming to Reduce Its Dependence on Banking

Old Mutual signs distribution agreement with major LatAm platform

Old Mutual Global Investors has entered an agreement with Latin American platform business AIVA to broaden the availability of its fund range in the region.

Morgan Stanley Wealth Management Forms Global Sports & Entertainment Division

An inaugural group of Financial Advisors across the country has been chosen for their experience working with athletes, entertainers, directors, writers, producers, owners, agents and business managers.

BKD unit merges with Chicago wealth management firm

BKD Wealth Advisors LLC continues to grow its footprint around the nation, announcing a merger with Chicago-based Wolf Financial Management.

The rise of the ultra-rich in Asia is sparking the emergence of bespoke wealth management services for affluent families

According to industry observers at a conference on Tuesday, such services set themselves apart by tailoring their offerings to suit the specific needs of rich families.

Wealth and Asset Management