06/18/2012
Coutts to offer compensation to customers
Coutts, the taxpayer-backed private bank that counts the Queen among its clients, has begun offering customers compensation likely to run to millions of pounds for bonds missold to them at the height of the financial crisis, I have learned.
06/18/2012
Hentsch, whose family members have been bankers in Geneva for seven generations, estimates that about $3 trillion of private wealth is managed by firms in Switzerland.
06/18/2012
“We are very honoured to win this award for the fourth consecutive year; this segment represents the heartland for Australian Private Banking, and it’s a unique achievement for the Commonwealth Private team.
06/18/2012
But wealth managers argue that only “risk assets”, such as equities, have the potential to preserve the value of their clients’ portfolios in real terms.
06/18/2012
The service, which 7IM plans to launch in the next 18 months, would allow investors to view their portfolios and make transactions.
06/18/2012
The Zurich rivals tend to enjoy contrasting fortunes. For much of the last decade, UBS was a model of relative stability, while Credit Suisse grappled with scandals and the fallout from ill-judged acquisitions.
06/18/2012
At the same time, firms will have to change the way they describe their advice – choosing to declare their range of services as either “restricted” or “independent”.
06/18/2012
Wealth managers defy gloom to splash out on headcount
Wealth managers are on a hiring spree as they seek to take advantage of a steady rise in the number of millionaires across the world despite the economic environment.
06/15/2012
The comments come as eurozone troubles continue to heat up and the Swiss National Bank admitted that economic and financial conditions in the country’s banking and mortgage sectors have deteriorated since June 2011.
06/15/2012
Rimmer, most recently chief executive officer of adviser group Financial Services Partners, will take responsibility for the strategy and business development of EQT's new division.
06/15/2012
Despite continued setbacks in the global wealth market, affluent individuals will rise by 20 million per year, and India will continue to climb within the top 10 wealth markets list, research by Datamonitor has suggested.
06/14/2012
Sixty-nine per cent like the career advancement the country offers them, while a much lower proportion enjoy the exciting culture (48 per cent) and the Chinese people (43 per cent).
06/14/2012
Speaking to investors at the company's U.S. Financials Conference in New York, Mr. Gorman for the first time acknowledged a name change for the brokerage will occur.
06/14/2012
Private bankers in Hong Kong had sought rule changes to address concerns that the city is falling further behind Singapore – the leading Asian wealth management centre – particularly as more wealthy Chinese look to move their money outside the
06/14/2012
Equity Trustees Limited has established a Private Wealth Services division under the leadership of newly recruited executive, Geoff Rimmer.
06/14/2012
Charles Stanley, the stockbroking and investment management group, reported pre-tax profits fell 37% to £8.5m for the year ended 31 March 2012.
06/13/2012
Only 19% of treasure assets - which include items such as precious jewellery, fine art, antique furniture, classic automobiles and precious metals - are held for financial motivations , according to the latest report in the Wealth Insights series from Bar
06/13/2012
The business, located in Europe, the Middle East, Latin America and Asia, is expected to cost $1.5-$2 billon.
06/13/2012
The awards, some of the most coveted prizes in the UK financial industry and presented in London's opulent Guildhall, are voted for by more than 14,000 individuals across the market.
06/13/2012
The Wealth Management Forum is hosted by Hubbis, an independent provider of editorial content and training for the wealth management industry in Asia. The forum is the leading event of its kind in Malaysia, and dedicated to the wealth management and priva