Managers of Wealth

Russia’s Aton favours private clients over pension money

For now, the bulk of Aton’s income comes from its brokerage and consultancy services.

Credit Suisse denies Swiss banks helping Germans dodge tax pact

German media have accused Swiss banks of telling German clients to shift money to Singapore, Asia's prominent finance centre, to avoid detection and taxation of their assets.

Turcan Connell opens office in Glasgow

Turcan Connell, which was represented by Eric Young & Co, already has offices in Edinburgh, London and Guernsey, but following research identified client demand for an office in the West.

Wealth managers must ‘get house in order’ as FSA hones in

Firms that market themselves as ‘wealth managers’ must review their processes to ensure that they have sufficient controls to mitigate the potential for mis-selling and document every part of their advice process, according to one compliance e

Boutique wealth manager launches managed portfolio service

Advisers will be able to discuss investments with the Berry managed portfolio team, “as required”.

Vontobel chief plans a broader future

Zeno Staub, who was appointed chief executive of Vontobel in May 2011 and plans to revive the Swiss private bank’s earnings, is updating the group’s multi-asset capabilities to offer a broader range of investment styles as part of an overall r

Former Citisoft Senior Managers Start New Consultancy ‎

IAWMC is a specialist operations, systems and IT infrastructure consulting firm which has been established to provide management and IT consulting, interim management and recruitment services focussed solely on the needs of the Financial Services’ s

Asian ambition drives Julius Baer’s BofA move

By buying Bank Of America Merrill Lynch’s wealth management arm, Julius Baer has doubled its presence in Asia, but their new unit needs something of an overhaul if it is to become profitable

Germany's Schaeuble wades into bank bonuses debate - FT

The argument over capping bankers' pay is threatening EU efforts to implement the global bank rules known as "Basel III" by the January 2013 deadline.

ANZ Executive Rose Up in Man's World

ANZ's goal is to become a "super-regional" bank in Asia—it owns a 20% stake in China's Shanghai Rural Commercial Bank, among other regional investments.

Citi's sales to retail and HNW's up 80% YoY

Net sales of investment products by Citi to individual retail and high-net-worth clients around the region are up 80% year-on-year through July, with over $3 billion of net inflows, the firm says.

Beijing props up Bank of China in Switzerland

According to the 2011 company accounts filed on Friday by the Bank of China UK: “Adverse developments at the bank’s private banking subsidiary in Geneva require the establishment of an impairment provision of £31.4m against this investme

Hargreaves Lansdown founders set for £40m windfall

Hargreaves Lansdown founders Peter Hargreaves and Stephen Lansdown are set to receive a £40m dividend windfall as the company gets set to unveil its year end results this week.

Exclusive credit cards on the rise in Asia

Wealthy expats in Asia are being targeted by banks rolling out exclusive credit cards offering high-end perks.

Citibank Korea launches wealth management service for millionaires

Citibank first introduced its wealth management service in Korea with ‘Citigold’ brand to customers with 100 million won back in 1991."

Cold calling still rife in UAE despite ban

One of the advisers who does not cold call clients, Sarah Lord, wealth planning director for the Middle East and Asia at Killik & Co, said: “I am yet to come across any evidence to suggest that the Central Bank ruling has completely stopped cold

Wealth management stagnates at Canada's big banks

Canada's biggest bank stumbled hardest, though the results included a C$29 million charge in the third quarter.

SJP partner ‘cloned’ by fraudsters

The regulator issued on Thursday an alert about a firm offering investment advice and brokerage services under the names AW Associates, A Walker Associates and Andrew Walker Associates.

Don’t make wealth tax a habit

So, in normal times, the Treasury jumps from a great height on anyone in government who speculates on tax policy.

Is Macquarie Preparing to Clear the Desks at Private Wealth?

All jokes aside, could the board be considering a potential sale of Macquarie Private Wealth?

Wealth and Asset Management