05/30/2018
Morgan Stanley shares drop the most in nearly 2 years after wealth management exec says business slowed
The firm is seeing "obvious headwinds" in transaction revenue among retail clients as activity slowed in March
Wealth and Asset Management
05/30/2018
Julius Baer migrates Hong Kong, Singapore ops to Temenos WealthSuite
Julius Baer finalised a lengthy core banking selection process in early 2015, opting for Temenos and its T24 offering.
05/30/2018
Private banking in Asia – time for a behavioural paradigm shift?
As markets rose across the globe, so did economic activity and so did the wealth of the wealthy.
05/30/2018
UBS Wealth in big hedge fund push
The firm’s recommended allocation is indeed big compared to other private banks.
05/30/2018
Global growth turning point: Schroders downgrades outlook for first time since 2016
The latter are expected to persist into 2019 and weigh on trade and capital investment spending, even if a full trade war does not break out.
05/30/2018
ALTSO ready to rock at ‘Rocktoberfest-London fundraiser
ALTSO has organised sister events in New York and Chicago, in their 15th and 7th years respectively.
05/30/2018
Deutsche Bank merges private and commercial business
DB Privat- und Firmenkundenbank AG concludes legal merger of Postbank and Deutsche Bank’s private and commercial clients business
05/29/2018
Fidelity takes dull-but-profitable tack following crises
In each of the last 10 years, Fidelity’s fabled mutual funds have leaked money, no matter how well they have performed.
05/29/2018
Where do Saudi, Dubai rank in world’s top billionaires’ list?
This year, when Forbes was evaluating the top 100 richest people in the world, Saudi’s billionaires were excluded because of the country’s silence on how much was taken from individuals in the corruption crackdown.
05/29/2018
Credit Suisse Asset Management: Adapting to win in Asia
Michael Levin, Head of Credit Suisse Asset Management in Asia Pacific, talks to Hubbis about the asset manager’s performance in 2017
05/29/2018
Old Mutual confirms plans to sell up to 10% of shares
Old Mutual sold single strategy asset management business Old Mutual Global Investors to a partnership of OMGI chief executive Richard Buxton
05/29/2018
Tilney working with Charities Aid Foundation to give charities investment advice
Tilney’s experience means it is well-placed to offer advice to charities which use the CAF Investment Account and other CAF investment services to manage their investments.
05/29/2018
Two industry heavyweights make major announcements
According to the SLA board, it expects there will be capital within the group as a result of the sale and anticipated lower capital requirements.
05/29/2018
Wealth manager files for IPO to raise $100m
“We recognise that being a public company comes with responsibility that goes beyond just the legal standards. We intend to manage Focus with a high level of transparency and continue to invest carefully and manage the business with a long-term pers
05/28/2018
Wealth management most fragmented in global finance
Swiss banks ‘best placed’ in industry ripe for consolidation, JPMorgan says
05/28/2018
Nikko AM adopts Bloomberg's portfolio and risk analytics platform
The platform also comes with an automated reporting function, which the company says will help its institutional clients cut down on the manual work required to produce reports, thus saving time and boosting productivity.
05/28/2018
HSBC Private Banking eyes emerging growth prospects in Mena
Growth in region’s private wealth combined with passing of wealth form one generation offer great deal of opportunities to private banks
05/28/2018
Preserve and prosper
Various platforms are now available for the less wealthy to invest their spare change into a savings or a capital growth fund
05/28/2018
This $4.5M advisor courts UHNW clients on three continents
He first joined partners Daniele Conci and Edouard Crepy at BNP Paribas in Miami before moving the team to Morgan Stanley in 2011.
05/25/2018
Up Close With Julius Baer
The bank probably will move into the new offices at the end of 2020 after what it says will be a careful renovation of the building.