02/26/2019
Bank of America rebrands its wealth management unit
The Global Wealth and Investment Management arm of BofA recently reported net income of $1.06bn for the fourth quarter of 2018, a 43% jump compared to $744m in the previous year.
Wealth and Asset Management
02/26/2019
Swiss private bank inks partnership with crypto bank
Will enter into a partnership with SEBA to take advantage of their innovative platform
02/26/2019
HSBC will unveil its revamped Singapore flagship soon – and it will be the first in region to have the bank’s exclusive Jade service that’s open only to the rich
The bank added that it was aiming to “play a critical role in supporting Singapore’s ambition to be the leading wealth and trade hub of the region”.
02/26/2019
Top Liechtenstein Bank Announces Launch Of Institutional-Grade Cryptocurrency Exchange
DLT Markets provides institutional clients with automated multi-exchange access
02/26/2019
Standard Chartered plans cost reduction as private banking loss widens
Compared to last year, wealth management income increased 2% to $305m while retail products income increased 5% to $211m.
02/26/2019
TISE CEO wins Powerwomen award
In the Women of the Year – Business Growth category, Gold was won by Farah Ballands from Estera and Silver by Sheila Dean of Equiom.
02/26/2019
Ascot Wealth Management win Professional Advisor of the Year
The award highlights their exceptional advice processes and commitment to client care.
02/25/2019
Asia’s Richest Delight Banks by Abandoning Their Trading Egos
UBS and its rivals are counting on the richest folks in the world’s fastest-growing region to boost profitability.
02/25/2019
Mauritius trade fund enlists SRB as advisor
The agreement will see SRB provide technical Sharia consultation, certification and operation monitoring through Sharia audit.
02/25/2019
CreditEase Wealth Management Receives Three Best Wealth Manager Awards
Our "Three Golden Principles for Asset Allocation" remain a cornerstone for our wealth management business
02/25/2019
Julius Baer eyes wealthy clients in Russia with local entity
Plans are on to hire six to eight relationship managers in this regard and win business in locations far from Moscow.
02/25/2019
Acquisition helps Rathbones assets reach £44bn
Wealth managers have had a difficult period.
02/25/2019
Economic Perspectives by Ruth Lea CBE
In this Perspective Ruth Lea, Economic Adviser to the Arbuthnot Banking Group, discusses the latest UK data
02/25/2019
Focus Financial to buy New York-based investment manager
“The transaction will contribute to the success of the combined entity by expanding the scope of investment and planning services, and allowing Atlas to better service and expand their client base.
02/25/2019
M&G rolls out sustainable multi-asset fund
Fund will use an exclusionary ESG process and invest up to 20% in impact assets
02/22/2019
Will the Lloyds-Schroders tie-up become the next SJP?
Commentators say it could rival SJP for drawing the ire of the advice industry
02/22/2019
The future of private banking in Switzerland
Private Banker International asks what is the future of private banking in Switzerland in 2019 and beyond.
02/22/2019
Singapore bank earnings disappoint on wealth, trading slump
OCBC’s net income unexpectedly fell 11 percent to S$926 million in the three months ended Dec. 31
02/22/2019
Julius Baer Is Hunting for Cautious Millionaires Within Russia
Bank is hiring staff in Russia after founding local entity
02/22/2019
Swiss banks still relevant in era of greater transparency, says UBP boss
UBP's emerging markets push into the Middle East and Asia has been helped by the acquisition of former Lloyds and Coutts businesses