08/27/2019
Sandaire Private Equity will provide clients with the opportunity to invest in unquoted businesses across the spectrum of growth to buyout, through funds, co-investments, direct and underwriting investments.
08/27/2019
The new division will employ 500 and be headed by Mario Crameri, who previously worked as head of IT and operations at SUB.
08/27/2019
The Zurich-based bank is creating a new business area, called Direct Banking, for retail and commercial clients, starting on Sept. 1
08/27/2019
We note more client uncertainty and a greater need for advice in these conditions.
08/27/2019
Commenting on the acquisition, John White, CEO of Sanlam UK’s Wealth division said: “This deal marks a confident expansion of our reach and further underlines our commitment to grow and strengthen our proposition in the North of England.
08/27/2019
The licence will enable us to expand our investor base and we are excited to be growing our business in Singapore, where we have evolved from serving a primarily expatriate clientele to a trusted wealth manager for all Singapore residents.
08/27/2019
LLB also posted an increased in net income, which rose to 61.1 million franc in the first six months from 45.8 million in the same period a year ago.
08/27/2019
The clients are seeking recompense from UBS, arguing they weren't adequately informed of the risks attached to the products.
08/26/2019
Our choices may be wider than ever before, but we are still ‘directed’ towards similar outcomes by our previous purchasing behaviour.
08/25/2019
Deal talks in June never coalesced but show how far European lenders are willing to go to address a punishing banking environment
08/23/2019
A large proportion of wealth managers regard intergenerational wealth transfer as an opportunity to win clients
08/23/2019
The female HNW demographic makes up over 10% of the total HNW population, so dedicated services for this segment will be profitable.
08/23/2019
The death of banking secrecy five years ago saw an end to the practice of sheltering billions in undeclared offshore assets in Swiss bank vaults.
08/23/2019
This was the case with a recently-announced strategy by AMP, dubbed by independent group Synchron as a “return to dark ages”, which aimed to see “fewer but more productive advisers”.
08/23/2019
A seasoned wealth management professional, Kong has more than 38 years of experience with several international banks in both the corporate banking and private banking divisions.
08/23/2019
Customer deposits increased by 2% while the resultant Group Net Interest Income for H1 2019 was up by 14% from €9.0m to €10.2m.
08/23/2019
Wealth managers aren't managing to trim the fat accumulated during the bull years: they are losing market share as less money flows into Switzerland.
08/23/2019
Net commission and fee income was 387 million, down 3 percent year-on-year, primarily due to lower income in the securities and investment business.
08/23/2019
This is the second HSBC Jade Centre in Singapore.
08/22/2019
And yet, revenues declined even disregarding the private-banking division’s business, while costs increased slightly.