Managers of Wealth

Genworth sells tax and accounting advisor unit

With the sale of GFIS, Genworth will focus on its core turnkey asset management businesses within Genworth Financial Wealth Management.

Barclays Wealth Shutters Argentina Office

The local unit, Barclays Sudamerica SA, was the only wealth management office in Latin America, Monique Wise, head of corporate communications for the Americas, said by telephone from New York today. The company “remains committed to Latin America,&

Ex-Soros trader’s hedge fund said to return outside money

The company plans to give investors more details this week, said the people, who asked not to be identified.

India Loses a Third of its Billionaires

According to a new study, the number of billionaires in India dropped by more than 30% in 2011. Press reports blamed the drop on the country’s stock market, which fell by 40% last year.

India's MOST influential women in finance

Here, is preview on these women (in no particular order) who have successfully challenged the limits of the so-called 'man's world'.

Julius Baer wins top award

Julius Baer has been named Best Boutique Private Bank in Asia and Best Private Bank – External Asset Manager’s Choice.

Bahrain to host first GCC private banking forum

Euromoney Conferences and the Economic Development Board will hold the first GCC Private Banking Conference in Bahrain on March 7, it was announced yesterday.

New year, new hope, old problems - Coutts & Co

As we embark on the year ahead, there are a number of hurdles still to overcome. Most notable is the euro-zone debt crisis which, though off the front page for the time being, remains largely unresolved. However, with economic data in the US and emergin

Tough new laws to put greedy bankers behind bars

Growing public outrage over the severe damage caused by the banking crisis has prompted the Chancellor to prepare a new criminal offence of ‘corporate negligence’ to punish reckless financiers.

Will the wealthy foreigners directly buy Indian stocks?

These investors, called 'Qualified Foreign Investors' (QFIs), were earlier allowed to invest only in Indian mutual funds.

Leumi Private Bank acquires swiss banking software provider

The solution has been chosen as the front office / asset management tool for data coming from the central systems Olympic (Eri Bancaire) and T24 (Temenos). The solution has been chosen thanks to its functional capabilities and its fast implementation proc

Top global bank plans big drop in bonuses

The asset reductions are also compounded by higher capital requirements imposed by the European Union for mid-2012.

Top Irish rugby star invested €1/2million in Ponzi scheme firm

The Ireland captain, along with at least two other high profile rugby stars, gave CHC money to invest. Read more: http://www.dailymail.co.uk/news/article-2083743/Brian-ODriscoll-invested-1-2million-Ponzi-scheme-firm.html#ixzz1iuzNyxcJ

10 Resolutions Bank Marketers Can’t Ignore in 2012

The biggest impact of all of this noise was that attention was diverted from what should have been accomplished in 2011. As

U.S. demands names of Swiss bank staff: paper

Citing banking sources, the NZZ am Sonntag said Swiss banks had until January 23 to transfer documents to the U.S. Justice Department relating to their U.S. business since 2000.

Rothschild to advise on Lloyds UAE disposal

The bank, which is 40 percent owned by the UK government, has appointed Rothschild as an adviser for the sale, two sources confirmed to Reuters on condition of anonymity.

Newton augments UK private client team with new hire

Prior to joining Newton she spent 10 years working at Goldman Sachs Asset Management.

Senior Middle East Management Changes At Pictet

"With the ongoing turmoil in regional and international markets, the need for sound asset and wealth management is greater than ever,"

Banks brace for backlash as bonus season arrives

But announcements of more than 125,000 job cuts last year mean bankers will find it harder to use their traditional excuse that they need to pay out big bonuses to retain top talent.

Majority of ultra wealthy don't share personal goals with financial advisors

The poll, of nearly 100 individuals representing individuals or families with more than $5 million of investable assets, was carried out by independent research firm Phoenix Capital Research.

Wealth and Asset Management