07/20/2017
Swiss Bank Advises on Canary Wharf Asia Sale
Its private bank in Asia and its Swiss-based asset management arm closely cooperated in closing the deal.
Wealth and Asset Management
07/20/2017
Wealth management profits jump 30.5% at U.S. Bank
Profits from the businesses were even more robust, climbing 30.5% to $124 million from $95 million in the same quarter a year ago.
07/20/2017
As Morgan Stanley hits wealth records, analysts ask how long it can last
Its pre-tax profit margin of 25 percent came in at the top of Chief Executive Officer James Gorman's targeted range of 23 percent to 25 percent by the end of this year.
07/20/2017
Deutsche Asset Management expands empire
The firm’s current investment mandates for Australia focus on acquiring substantially stabilised.
07/20/2017
Wealth managers targeted to boost protection sales
While mortgage advisers currently make up a large proportion of protection product distribution, the section of the market occupied by wealth managers is comparatively small, he explained.
07/20/2017
Boutique Bank to Double Headcount
The fact that the team in Singapore has been reinforced highlights the growing importance of the Asian market to VP.
07/20/2017
Wall Street banks have found a great new way to make big money now that trading is down
The key is that it is usually fee-based, which means a recurring source of revenue for the adviser.
07/20/2017
Northern Trust's net income rises slightly in Q2
Current quarter included expense charges of $22.8 million associated with severance and related activities
07/20/2017
Coutts Integration Costs UBP
The Tier 1 ratio, at 26%, remains well above the minimum requirement stipulated under Basel III and by the FINMA.
07/20/2017
Smith & Williamson posts profit increase
The group's operating income was also on the rise
07/20/2017
Why private debt is trending in wealth
Among alternative investments, private debt is very popular, with family offices now committing some 11 per cent of their funds to this asset class.
07/19/2017
Credit Suisse Hiring Private Bankers for Saudi Arabia Expansion
We consider the onshore private banking presence as a natural progression to further build our local footprint.
07/19/2017
Issues resurface with DFMs using in-house products
There isn’t an effective way to benchmark these portfolios and assess them.
07/19/2017
Alex Fung: Our Secret? We're Lean and Mean
The Swiss bank's approach is to book all assets in Zurich.
07/19/2017
Credit Suisse to Reach Swiss Target
We have been able to increase pretax profit for five successive quarters.
07/19/2017
Ping An's Singapore Fling. Yes, Xi Knows
The timing of Ping An's announcement is a little curious.
07/19/2017
LSE students announced as winners of the St. James's Place Prize in Accounting
The prize was awarded for students who achieved the highest marks in a 6,000-word essay, which accounts for 50% of the mark for one of the compulsory courses on the MSc programme.
07/19/2017
Why UPB's Villamin Thinks Japan Is a Great Opportunity
Japan's corporate cash reserves and the BOJ's ETF purchases.
07/19/2017
Exodus from Notenstein Continues
The private bank lost a client team in St. Gallen to wealth manager Altor.
07/19/2017
Hargreaves buys £90m client bank from BlackRock
4,300 clients will transfer over to the Hargreaves platform