Managers of Wealth

RBS Private Banking launches new bespoke Credit Solutions product in India

RBS Private Banking India, the Indian private banking arm of the Royal Bank of Scotland Group, has launched a new bespoke Credit Solutions offering.

Investment Quorum is Private Client Practitioner 'Top 25 IFA' for third year in a row

Quorum has been assessed by leading wealth management data and analysis group ‘PAM Insight’ as one of Private Client Practitioner’s ‘Top 25 IFA Companies 2012’.

France Won’t Make Payroll Tax Retroactive to Jan. 1, Echos Says

Only overtime hours from Aug. 1 will be affected, the newspaper said.

Goldman Sachs to build up private banking arm

Shift Into Lower-Margin Lending Reflects Harsh Climate Facing Wall Street

UBS rolls over unique Australia banker bonus deal

Bonuses often make up the majority of pay for senior investment bankers, with managing directors at most major Western banks usually in line to make around $1 million or more a year.

JPMorgan Cuts Investment Banking Compensation

Bloomberg reports that the unit set aside $4.91bn for pay in the first six months of the year, enough to compensate each of the 26,553 employees an average of $184,989 for the period, according to figures posted on the firm's website.

Banks plan Shariah assets for Asian millionaires

Standard Chartered, Malaysia’s CIMB tap prospects for Islamic private banking

German state buys Swiss data to track tax frauds

It can be assumed that these customers avoided paying large amounts of tax, the paper said.

Wealth management advisers counsel clients on remaining calm

A good deal of their job is managing emotions.

SWFs go shopping for managers

The asset management arms of banks, many of which are keen to sell, are likely to head the list of acquisition targets.

Citi awarded title of 'Best Bank in Asia'

The award process is increasingly more competitive and for Citi to continue to win the best bank award is a reflection of Citi's continued commitment, growth and investment in Asia.

Barclays reassures staff that Bob Diamond's 'baby' is safe

"This is inevitable in a situation such as this – but it is simply speculation. In the face of that, it is important that you hear from us, on behalf of the Board, an unequivocal statement: our strategy and business model were right for Barclay

Queen's Bankers Deny Breach In Security

Royal Bank of Scotland-owned Coutts, which has served as banker to the Royal Family since the 18th century, said it had no evidence that client confidentiality had been compromised.

Danger of sign-on bonus expectations

Increased adviser poaching by means of large sign-on fees could result in a growing expectation such bonuses will remain, a number of recruiters said.

Chinese bank wealth management products boom

Analysts have begun to express concern that the extraordinary rise of WMPs over the last year is creating hidden risks in China's banking system.

FirstRand duplicates private banks

BANKING group FirstRand has repeatedly been asked why it maintains two private banking brands in RMB Private Bank and FNB Private Clients.

Citigroup Private bank revenues increase 3%

Citigroup Inc. today reported net income for the second quarter 2012 of $2.9 billion, or $0.95 per diluted share, on revenues of $18.6 billion.

Libor scandal forces Barclays from UAE rate panel

Barclays belongs to a panel of 12 banks that quote indicative interbank lending rates in UAE dirhams.

Merrill Lynch Wealth Management launches global investing programme

Merrill Lynch Wealth Management professionals will explore the growing importance of these themes and the opportunities they present; highlighting ways in which the next generation can integrate them into their financial planning process and investment po

Southeast is Asia's safe haven as China and India stumble

Short-term investors in Southeast Asian stocks and bonds are being overtaken by those with a longer-term horizon, signalling growing confidence in a region of 600 million people that boasts a rapidly growing middle-class.

Wealth and Asset Management