04/06/2017
UBS loses another Puerto Rico case as client payouts top $200M
The most recent case resembles many others tracked by the consulting firm.
Wealth and Asset Management
04/06/2017
Successful completion of Amundi's €1.4 billion rights offering in connection with its planned acquisition of Pioneer Investments
The completion of the acquisition is expected to take place by the end of the second quarter of 2017 in accordance with the projected acquisition timeline.
04/06/2017
Standard Chartered announces Private Banking Academy in partnership with Fitch Learning and INSEAD
Launching in May 2017, the programme is mandatory for all front-line employees and will include a rigorous assessment process that leads to certification.
04/06/2017
Barclays offers redress for unsuitable financial advice
Barclays Wealth & Investment Management offers clients redress after reviewing investment products sold between 2005 and 2011.
04/06/2017
Old Mutual puts China insurance joint venture stake on block
The restrictive ownership limit and the tough competition from local firms
04/06/2017
Old Mutual Wealth adds £230m with Shropshire IFA acquisition
The firm's three advisers and additional support staff will join the restricted national, with Infiniti managing director Kevin Speake taking on the role of regional director.
04/05/2017
How To Close The Confidence Gap In Wealth Management
In 2015, Penta co-founded the Center for Women & Wealth at Brown Brothers Harriman to provide women like her mother with the support and tools necessary to make the right financial decisions for themselves and their families.
04/05/2017
Opportunity Knocks For New Wealth Managers in Hong Kong
Students will undergo training and on-the-job experience covering a range of private wealth management functions.
04/05/2017
Ex-Credit Suisse Trader's Hedge Fund Said to Gain 20% This Year
The market has to wait for a few more months for the tax reforms to be tabled.
04/05/2017
The ANZ Bank has started a long goodbye to its wealth management business
A series of scandals has revealed that advice paid for wasn’t received and when it was given, some of it was of poor quality.
04/05/2017
Judith McGee, Chair/CEO of McGee Wealth Management named to Forbes 2017 List of the Top 200 Women Advisors in the Country
This esteemed accolade follows an impressive list of honors and accolades Judith McGee has received through her notable career.
04/05/2017
Crestbridge extends footprint to Bahrain
A full rebranding of Ohad is planned for later in 2017 to bring the business fully under the Crestbridge brand, said the statement.
04/05/2017
Wealth boutique signs up ex-Towry partner
He left Towry in October 2016 following Tilney's acquisition of the company.
04/05/2017
HK to launch private wealth management apprenticeship program for young talents
Hong Kong needs to attract new blood to expand the talent pool in order to sustain the success of its private wealth management industry
04/05/2017
Jupiter Asset Management takes on Milestone Group’s pControl for NAV oversight
We’re now very well equipped for the future and can focus on adding real value to our business and our clients.
04/05/2017
BlackRock's big funds cut commission rates for Wall Street research
The same pattern is true for other big BlackRock funds, according to a Reuters analysis of U.S. Securities and Exchange Commission filings from three of BlackRock's five largest funds.
04/05/2017
Sanlam Private Wealth: April Market outlook on asset class performance
Phil Smeaton, chief investment officer at Sanlam Private Wealth, offers a high-level view on individual asset class performance.
04/04/2017
Banking on growth in independent wealth in Asia
And some of the banks which seem to be a bit more committed to this segment are hiring more relationship managers specifically servicing IAMs and MFOs.
04/04/2017
Standard Chartered Private Bank to Increase Minimum Threshold
The impending shakeout is likely to see a flurry of departures of both bankers and clients who do not meet the coming criteria.
04/04/2017
We’re Not Here to Make Your Next $50 Million
He’s been in the city-state more frequently again and also across the whole of Southeast Asia.