Managers of Wealth

Chinese Shift to Wealth Products Undermines Banks

“The math is simple. I need something safe and with return that can at least beat inflation.”

Falling inflation to keep rates low, yield in demand - Coutts

Annual inflation slowed to a 14-month low in January, as last year’s VAT hike dropped out of the annual comparison and weak consumer demand relieved price pressures. This will help keep interest rates low and real rates, adjusted for inflation, neg

ANZ names global wealth and private banking CEO

She played a major role in ANZ's acquisition of a majority stake in ING Australia and was on the board of OnePath.

Credit Suisse Private Banking Introduces "Strategic Philanthropy: Guide to Evaluation"

It includes four issue briefs that illustrate how evaluation has been used for different program areas, as well as case studies of how different philanthropists have chosen to incorporate evaluation in their work.

UBS said to plan contingent bond sale to boost capital

The bonds, which mature in February 2022 and may yield about 7.5 percent, will switch to a floating interest rate if the bank doesn’t redeem them in 2017, the people said.

Institutional wealth manager to acquire SIBT's trust operations outsourcing unit

The acquisition of SITS represents a continuation of the strong growth RIS has experienced over the last seven years. The transaction is expected to close on March 31, 2012.

HSBC launches Next Generation Fund for HNW's

“HSBC has been researching emerging managers for many years, and we have an established track record of investing in some of the best new managers in the industry. This Fund provides our clients with direct access to a new generation of hedge fund m

I think I love you - so what's your net worth?

Decades of pop culture have cemented the notion that love conquers all – including money.

Wealth management struggles amid strong Commbank result

The CBA has recorded a statutory net profit after tax for the half year ended Dec 31 2011 of $3.624 billion, a 19% increase on the previous corresponding period, in a strong result unaided by its wealth management arm which recorded a loss.

Credit Suisse Named Best Private Bank Globally

Euromoney is a leading publication for the global banking and capital markets communities.

BankMuscat unveils dynamic Private Banking strategy

AbdulRazak Ali Issa, Chief Executive of BankMuscat, inaugurated the flagship Private Banking branch offering bespoke solutions that preserve, secure and grow wealth.

Emerging Asia’s bankers are hiring, private banking growing

According to job networking site FINS Asia-Pacific , recruiters predict that the number of finance jobs in Asia will grow by as much as 10% this year.

China soon to over-take Japan as the world's second-largest wealth market

Attention is paid to which private banking services are valued by HNWI's in China, and what criteria is used during selection.

Taiwan may allow yuan-based wealth management investment

An official of the Financial Supervisory Commission (FSC) said on Monday that it was looking into ways to allow Taiwanese to open accounts at Hong Kong or mainland branches of Taiwan banks without having to go to the branches in person.

Melbourne-based wealth manager expands in Sydney

"Our longer term goal is to be recognized as Australia's premier boutique private wealth management firm, with a presence in all major cities in the country," said Kelly

Towry looses case against rival wealth management firm

National IFA Towry has lost its High Court battle against rival wealth management firm Raymond James and seven former Edward Jones advisers it alleged solicited clients.

Swiss wealth manager to move some Global functions to Singapore

“I would not exclude that in the next few years we could have even more global functions being based out here.”

Fired CEO of wealth management firm sues in dispute over sick leave

The former chief executive of a wealth management firm is suing for wrongful dismissal after he was fired following a row over medical leave.

The wealth gap challenge

This phenomenon, the "wealth gap," is not new and we have become used to the fact that, with few exceptions, particularly in developing countries the wealth disparity is growing steadily.

UBS flags bonus cuts but overall pay stays high

The Swiss bank, hit in 2011 by a rogue trading scandal and still clawing its way back from a financial crisis bailout, is slashing 2011 investment bank bonuses by 60 percent, a steeper drop than most rivals.

Wealth and Asset Management