06/30/2022
Citi Global Wealth enjoys record six-month period despite economic headwinds
Citi added 40 new hires to the EMEA team within its global wealth management division in the first half of 2022, taking total headcount to 140
Wealth and Asset Management
06/30/2022
UBS fined over complex options scheme
The US regulator said that the firm had not adequately trained its advisers or provide oversight on its Yield Enhancement Strategy.
06/30/2022
Morningstar Completes Acquisition of Wealth Management Platform Provider Praemium's UK and International Business
The end-to-end Morningstar Wealth Platform adds to the data, research, portfolio analytics, and investment management
06/30/2022
Kingswood increases AUM/A to £6.8bn
In its annual report, the company stated that this surge was 10% driven by organic growth and 5% through acquisitions.
06/30/2022
Wealth management: Citi’s Asia family office ambitions takes shape with new hires
Citi continues to stockpile private bankers as its Asia wealth franchise pushes to hit its target of adding more than $150 billion in regional assets under management by 2025.
06/30/2022
HSBC to relaunch India private banking business within a year -executive
The London-headquartered bank is preparing to relaunch the business in India at a time when its increasing its focus on Asia
06/29/2022
Credit Suisse wealth growth initiatives may need to be 'tempered'
In principle, our plan continues to be to grow our lending book in wealth management and directionally go towards the 3 billion.
06/29/2022
StanChart Loses Credit Traders in Hong Kong
In the first quarter, Standard Chartered posted a 16 percent drop in credit trading and also booked a 160 million US dollar credit impairment charge related to exposure from Chinese commercial real estate.
06/29/2022
Credit Suisse Doubles Down on «One Bank» in a Different Era
In [the UHNW segment], this is really about doing more of the same and continuing to evolve because competitors don’t sit still.
06/29/2022
Global Billionaire Wealth Surges by Nearly 18%
New Billionaire Census reveals wealth accumulation far surpassed population growth in 2021
06/28/2022
CaixaBank, named “Best Private Bank in Europe for Big Data Analytics and Artificial Intelligence” and for “Digital Marketing and Communication” by PWM (FT Group)
The awards, this year in their fifth edition, recognise private banking entities that demonstrate excellence in their technology, innovation and digital transformation.
06/28/2022
The Coming $60 Trillion Wealth Tsunami
The Baby Boomers have been one of the most impactful economic forces of the last century and over the course of their lives have amassed what some estimate to be as much as $60 trillion.
06/28/2022
Credit Suisse bolsters compliance, plans cost cuts from technology for turnaround
The Swiss bank has been slammed for a lack of adequate staffing in risk and compliance
06/28/2022
Thomas Gottstein Lays Out Credit Suisse Investor Day Program
The Investor Deep Dive will be hosted by CEO Thomas Gottstein who has recently come under criticism from investors calling for his replacement. He still has the backing of Chairman Axel Lehmann.
06/28/2022
OakNorth Bank completes £5.3M loan to Kent-based, AFM Wealth, to support IFA acquisition programme
With over 4,500 clients and AUM exceeding £500M, the firm provides expert financial advice for both businesses and individuals
06/28/2022
Julius Baer cancels 7.4m shares
The shares were bought back up until 23 December 2021 under the share buyback programme launched that year.
06/28/2022
Credit Suisse Seeks to Reinvigorate Wealth Management
Among the HNW segment, the bank's goal is to increase recurring revenues and build on a favorable cost-income ratio.
06/28/2022
Lugano firms create CHF 2.5bn independent asset manager group
The companied entity will manage CHF 2.5bn in managed assets, with approximately 700 customers and over 50 employees.
06/28/2022
Julius Baer CEO says Switzerland needs two big banks to fuel competition - report
Competition stimulates business.
06/27/2022
Most high net worths in Middle East don’t have a wealth succession plan for family business
An exclusive survey by Lombard Odier also finds the overwhelming majority intend to keep their wealth in the region for the foreseeable future