Managers of Wealth

Lotto winners want compensation from Coutts after 'wrong advice'

The unidentified couple from Devon who won the lottery in 2001, are now hoping to win a substantial amount of compensation from Coutts.

Wealth of bank jobs

The hiring focus now is on the back-office compliance staff to rein in the risk takers

World’s richest add $15b to their wealth

The week's biggest gainer was Oracle founder Larry Ellison

China Wealth Growth Shifts Inland, Boston Consulting Study Finds

China is seeking to expand the economies of the western region faster than the country’s average in the five years through 2015, using policy incentives and investing in projects ranging from high-speed rail to eco-tourism.

Better asset management solutions could help support Swiss private banking in future

Many private clients are no longer willing to invest in hedge funds - or anything else for that matter, and that U.S. investors are no longer making the Swiss pilgrimage.

UBS faces fight to uphold reputation among super-rich

With its reputation under attack, investors say there's no way of knowing how many risk-conscious clients will stick around while UBS atones for its Libor sins.

Swiss wealth manager opens third Spanish office

With its reputation under attack, investors say there's no way of knowing how many risk-conscious clients will stick around while UBS atones for its Libor sins.

Top 10 UHNW British Executives

A list of the wealthiest executives in the United Kingdom.

Singapore Rides Wave of Asian Wealth

City-State Is Surging as a Center for Private Banking as More Chinese Seek a Home for Their Cash

Quarter of Swiss Private Banks No Longer Profitable, KPMG Says

A quarter of Swiss private banks are no longer operating profitably, with smaller wealth managers facing a “critical” situation, a KPMG report showed.

Too big to fail? China’s wealth management products stir debate

It’s not yet clear how many, and to what extent, others have defaulted. But analysts say that if more flop and generate headlines like the Hua Xia case, a crisis in confidence could ensue, sparking a run on the wealth product market.

Julius Baer brings forward realignment of management structure

Gregory F. Gatesman, designated Chief Operating Officer, will join on 1 February 2013 at the expected formal completion of the acquisition.

Vistra announces rebranding of Corporate Services Belgium CVBA

Vistra now has two offices in Belgium - Brussels and Antwerp - from where it is able to offer local clients access to its network of 25 offices spanning 19 jurisdictions worldwide.

Rich Chinese Flee, Bringing Their Wealth With Them

Most countries worry about brain drain. China is worried about millionaire drain

ANZ's Chief Granted A$3.2 Million Pay Bump

But chairman John Morschel defended the scheme, which was packed by 95% of shareholders, said Mr. Smith's pay packet was "perfectly reasonable" given Mr. Smith's track record in steering Australia's third-largest lender by market

Skandia’s unbundled platform goes live

Skandia is now in a transition phase, helping advisers with the new platform.

Liontrust lifts Brooks Macdonald stake above 12%

Liontrust has bumped up its exposure to Brooks Macdonald.

Schroders hits US acquisition trail

The transaction is expected to be completed in the first quarter of 2013.

Fletcher and Beckwith join forces to form ‘London Wall Partners LLP’

Launched today with full FSA authorisation, the firm is partner-owned and funded, and will provide conflict-free advice based on a thorough and unbiased assessment of the market – principally to individuals, but also to trusts.

Aberdeen AM boardroom pay-out tops £13m for second year running

The payments came after another strong performance for the group, which entered the FTSE 100 index earlier this year.

Wealth and Asset Management