Managers of Wealth

The rise and rise of Asian financial centers

Already since the end of the 1990s, we have seen two phases in Asia’s economic renaissance.

Wealthy shift to risky investments

Twenty percent of the 1,020 households surveyed said they bought individual domestic equities in the 12 months ended in March, the Boston-based mutual fund firm said.

Europe Stymies Private Equity as Corporate Buyouts Stall

With the region in its third year of crisis, firms have been stymied by the lack of bank loans needed to make buyouts profitable for their investors and an unwillingness on the part of sellers to accept lower-than-expected prices.

EFG International's Major Shareholder Severs All Links To Greek Bank

The changes announced by EFG Group today should, once and for all, remove any misconceptions relating to EFG International and its exposure to risks arising from the Greek Sovereign Debt crisis.

Bank Hapoalim Exits Singapore

As part of this effort, in order to maximize operational efficiency, service for private-banking clients in Asia will be provided through Bank Hapoalim Switzerland branches in Zurich, Geneva, and Luxembourg and through the subsidiary in Hong Kong.

Man Group cuts $100 million of costs as assets tumble ‎

“Against a turbulent market and economic background, Man’s funds under management have declined in the period principally as a result of continued net outflows and the deleveraging of our guaranteed products

Hungarian rich people are doing just fine - Research

When one sees stories about banks in Hungary, they tend to be tales of woe, both for the banks and the people they (used to) lend to. Not so much for private banking, a line of services that caters to the very top tier of the consumer market, i.e. rich pe

58pc of Wealth Management Firms Cite Regulatory Changes as Biggest Challenge

The poll, completed by 100 participants at SEI's annual Connections Conference, revealed that regulatory changes pose the single largest challenge for 58 percent of survey respondents.

Super rich hold $32 trillion in offshore tax havens

The study estimating the extent of global private financial wealth held in offshore accounts - excluding non-financial assets such as real estate, gold, yachts and racehorses - puts the sum at between $21 and $32 trillion.

Another Swiss bank to drop US clients amid tax row

Coop, another retail bank, announced it had stopped doing business with its US clients.

Survey Finds 86 Percent of Millionaires Are Self-Made - Research

This year’s study found that 86 percent of millionaires are self-made and that their path to wealth, financial outlook and goals greatly impact their investment behaviors. In addition, millionaires’ outlook on the future financial environment

Julius Baer H1 net profit rise beats on cost-cutting ‎

Assets under management (AuM) grew to CHF 179 billion, an increase of 5% since the end of 2011

UK Wealth Management at the tipping point?

Since 2008, the financial sector has undergone significant upheaval. It has witnessed the demise of major market participants and experienced intense regulatory scrutiny and change.

Wealth manager to launch DFM performance comparison service

Advisers who are concerned that it is impossible to compare discretionary fund managers’ model portfolios could be about to get a solution, as a wealth manager gears up to launch a performance comparison service.

Aberdeen Asset Management client inflows slow

Aberdeen Asset Management, the UK fund manager, reported a slowdown in new client inflows in its third quarter as global economic uncertainties dampened demand for its fund products.

Mirabaud launches fund for former BlackRock star

Mirabaud Asset Management has recruited three investment analysts in London to support Daniel Tubbs to manage a long-only UCITS investment fund, which will focus on emerging market equities.

Bank Of America, UBS, Wells Fargo Top Wealth Manager Rank

Bank of America Corp. kept its lead in a ranking of the world’s 20 biggest wealth managers in 2011, while UBS AG climbed one place into second position, according to Scorpio Partnership.

Focus on emerging markets - China

China’s economy has been slowing for six consecutive quarters, leaving many investors concerned that China is heading for a hard landing.

Campden launches membership to HNW families in Asia

The programme is modelled on that offered to families in the US by the Institute for Private Investors, acquired by Campden last year.

Sesame begins roll-out of IRESS advice platform

IRESS, which principally builds and supplies wealth management systems in Australia, first entered the UK market in November last year. It secured a deal with Sesame Bankhall shortly afterwards.

Wealth and Asset Management