10/26/2018
Brooks Macdonald maintains 'positive momentum' in its UK business
The firm says it has increased its discretionary Funds Under Management for the first quarter to £12.8bn
Wealth and Asset Management
10/26/2018
Acquisition boosts Liechtenstein PB’s Lux expansion
The corresponding purchase price is about CHF 12 million.
10/26/2018
Coutts & Adams & Co cut payroll 10% on compliance costs
Quarterly income within the private banking division stood at £195 million, 11.4% up on the same period of 2017 on asset appreciation, higher lending volumes and increased deposit income.
10/25/2018
UK wealth buy first step in Asian giant’s $10bn plans
The acquisition marked Rayliant’s first venture into wealth management after years of institutional focus.
10/25/2018
Asian private bank investors now investing in ESG structured products
Evidence is growing that ESG compliant companies are better managed companies and generate competitive advantage over their peers, according to DBS Private Bank
10/25/2018
A banker's woe: Chinese wealth may get harder to snag for global bankers
The uncertainty around the UBS banker's delayed departure comes at a tricky time for foreign investors in China as Beijing steps up curbs and increases scrutiny on offshore investments and outflows amid a weakening economy and currency.
10/25/2018
Quilter platform sales down as DB transfer activity slows
Flows into Quilter Investors rose 10% to £4.3 billion.
10/25/2018
UBS's David Ellis Named to Forbes List of Top Wealth Advisors
Recognized for the third straight year as a national leader in financial services
10/25/2018
Citigroup to shift some roles to Madrid from London as Brexit looms
Bank is making contingency plans as deadline for exit nears
10/25/2018
Citi Launches Live Chat in Hong Kong
U.S. banking giant Citi is the first bank to introduce text, audio and video banking for the affluent segment in the territory. Following the launch, the technology is also going to be introduced in other parts of Asia.
10/25/2018
UBS Profits Up, Cautious on Wealth
UBS delivered strong third-quarter results with reported profit before tax (PBT) up 37% year over year (YoY) to CHF 1,668m and adjusted PBT up 15% to CHF 1,733m.
10/24/2018
Geneva WM CEO do it all firms will be hit hardest by consolidation
Stucki is also not a fan of outsourcing essential tasks such as risk and compliance duties.
10/24/2018
UBS Seeks Normality in China
Several banks including Julius Baer reportedly responded to the move with travel restrictions or banks.
10/24/2018
Intesa Sanpaolo Private Bank secures Bahrain rep office licence
It is fully owned by Italy'sIntesa Sanpaolo.
10/24/2018
Britain's biggest wealth manager sees assets under its watch top £100 BILLION
Shares in St James's place are down more than 4% today
10/24/2018
Alexa wealth management is developing faster than you think
The application was built for a wealth management client, and what he showed off was a truncated version for the audience demonstration that took just two weeks to build.
10/24/2018
Private Bankers Walk a Fine Line in China
Still, the cautious response of other global wealth managers highlights the tension of overseas-based staff operating in a country that maintains capital controls and where an expanding pool of ultra-rich clients is frequently anxious to move money offsho
10/24/2018
Butterfield Reports Third Quarter 2018 Results
The Bank of N.T. Butterfield & Son Limited has announced financial results for the quarter ended September 30, 2018.
10/24/2018
India: Building Investment Capability, Refining the Wealth Management Proposition
Another participant said that directing the clients in the best directions and achieving the right outcomes does not need to be antithetical to simultaneously improving profitability for the advisory firm.
10/24/2018
Deutsche Bank net profit falls 65 per cent
Bank expects to be profitable for the full year for the first time since 2014