08/27/2019
Credit Suisse announces new business area amid raft of changes
The new division will employ 500 and be headed by Mario Crameri, who previously worked as head of IT and operations at SUB.
Wealth and Asset Management
08/27/2019
Credit Suisse to shift focus from branches to digital banking
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
Van Lanschot Kempen: net profit of over €83 million and capital return proposal
We note more client uncertainty and a greater need for advice in these conditions.
08/27/2019
Sanlam UK acquires majority stake in IFA
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
SJP Singapore Secures Capital Markets Services Licence
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 on Pace to Hit Record
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
UBS Runs Into Trouble With U.S. Clients
The clients are seeking recompense from UBS, arguing they weren't adequately informed of the risks attached to the products.
08/26/2019
Connected wealth management
Our choices may be wider than ever before, but we are still ‘directed’ towards similar outcomes by our previous purchasing behaviour.
08/25/2019
Deutsche Bank and UBS Explored European Banking Alliance
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
Hanging on to HNW assets
A large proportion of wealth managers regard intergenerational wealth transfer as an opportunity to win clients
08/23/2019
Wealth in France: HNW Investors 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
Many Swiss private banks facing ‘extinction’
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
The end of the ‘great banking adventure into wealth management’
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
Boutique asset and wealth manager snaps up former EFG Singapore chief
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
Lombard Bank Malta - half-yearly results for 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
Does Switzerland Need Just 20 Private Banks?
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
Zuercher Kantonalbank: Dwindling Revenues
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
HSBC Singapore unveils new Jade Centre at Jewel
This is the second HSBC Jade Centre in Singapore.
08/22/2019
Raiffeisen Half-Year Profit Drops on Revamp
And yet, revenues declined even disregarding the private-banking division’s business, while costs increased slightly.
08/22/2019
UBS: the Last Bank to Sponsor Formula 1
The sport remains banned in Switzerland due the risks that are associated with it, but still attracts billions of viewers across the globe.