04/25/2018
Citi's conflict-free model for private banking
Coming out the GFC, Citi made a decision to change the focus and underlying strategy of its global private bank.
Wealth and Asset Management
04/24/2018
Butterfield Reports First Quarter 2018 Results
The core efficiency ratio1 for the first quarter of 2018 was 62.3% compared with 65.4% in the previous quarter and 62.5% in the first quarter of 2017.
04/24/2018
St. James's Place first-quarter funds under management up 13% on-year
Strong new business performance and excellent retention drive net inflows 31% higher.
04/24/2018
Swiss private bank to acquire Geneva-based AM
The acquisition is in line with BPDG's three-year plan, which aims to increase the bank’s assets under management.
04/24/2018
Clearstream acquires Funds Centre
Zürcher Kantonalbank will remain one of SFCL’s main distribution partners.
04/24/2018
UBS takes on 40 Asian bankers in mammoth three-month hiring spree
The recent rise at UBS takes its RM workforce to 1,077
04/24/2018
Geneva Private Bank to Buy Asset Manager
The acquisition will increase assets under management at BPDG to about three billion Swiss francs.
04/23/2018
Wealth managers are worried they're failing to serve the world's richest women
Though most might assume that women's investment needs are little different to men's, Orbium found that 78 per cent of respondents said some of the world's richest women were not having their financial considerations addressed.
04/23/2018
UBS profit lifted by wealth-management gains
Asset Management had strong net new money of CHF 27bn excluding money markets, taking invested assets to CHF 792bn, the highest in a decade; adjusted1 PBT was CHF 108m.
04/23/2018
ANZ's wealth sale driven by compliance breaches
A business risk and compliance committee identified in late 2013 that ANZ's financial planners were failing to provide advice that was in the best interests of clients.
04/23/2018
Lombard Odier and Bank Mandiri to offer onshore private bank services
Lombard Odier said it has inked a strategic agreement with state-controlled Bank Mandiri
04/23/2018
Coutts investment views: April falls: inflation and sterling down but cash threat remains
BoE governor Mark Carney cast further doubt on a rise by taking a dovish tone in an interview with the BBC on Thursday night.
04/23/2018
Quilter reveals pay for key executives ahead of June IPO
Feeney will also receive a pension contribution of 10% of his annual salary.
04/23/2018
Fairstone makes third acquisition of 2018
Sims is the latest firm to be fully acquired by Fairstone after joining its downstream buyout programme in July 2015.
04/23/2018
Schroders targets wealth management growth
Schroders’ wealth management business has operations in the Channel Islands, Gibraltar, Switzerland, Hong Kong and Singapore, as well as Britain, Germany, Italy and Spain.
04/20/2018
UBS WM splits European business into two units
She added that the regulations are tighter in southern Europe, which justified the new set-up.
04/20/2018
Worthless Treasure in UBS Safe Deposit Box
The move is reminiscent of India's sudden move two years ago to outlaw two bank notes, in a bid to was taken to crack down on tax evasion.
04/20/2018
Results of Butterfield AGM Vote
Each of the proposals numbered 1 through 6 on the Meeting Agenda was approved by the requisite vote, including the election as directors of all persons nominated.
04/20/2018
Forbes names Morton Wealth Management to best-in-state advisor list
North Carolina firm ranks among best financial managers in the state and across the U.S.
04/20/2018
Credit Suisse and UBS exploring back-office tie-up
His Credit Suisse counterpart, Mr Tidjane Thiam, said in 2016 that his firm was in talks with another lender he did not identify about sharing databases and servers.