05/31/2016
Isle of Man offers new banking licences to trusts and HNWs
The new banking regime is effectively an expansion of the IoM’s existing class 1 banking licence through the addition of two new classes of licence.
Wealth and Asset Management
05/31/2016
Morgan Stanley aims to return wealth arm to profits
Harker said the wealth unit - run by Ian Chambers - was aiming to break even by the end of 2016 and to return to profitability through 2017.
05/31/2016
Argentina's Macri to repatriate USD 1.3 million from Bahamas
Macri yesterday said the money was deposited in Merrill Lynch accounts in Switzerland and the US, but it was transferred to the Bahamas after Swiss private bank Julius Baer Group bought the Merrill Lynch overseas wealth management unit from Bank of Americ
05/31/2016
Meeting fiduciary responsibilities
To ensure good practices, suitability has to be documented for each and every trade, says Kuhn.
05/31/2016
Delta Lloyd launches the sale of its shareholding in Van Lanschot
Goldman Sachs International and UBS Limited have been appointed by Delta Lloyd as Joint Global Coordinators and Joint Bookrunners of the intended marketed offering.
05/31/2016
Investec W&I strikes key accountancy deal
Furthermore, Investec W&I will work alongside the professional accountant body on two of its flagship events later this year.
05/31/2016
Wealth Adviser Daily Briefing: Up Your Game for Wealthy Clients
Clients in this category respond strongly to advisers who aren’t skilled only in asset management but who offer concierge-like services and a broad set of capabilities.
05/31/2016
Creating a “Safe Zone” With Family Philanthropy
Capital earmarked for charitable giving provides opportunities for healing, growth and empowerment
05/31/2016
A plea for a level playing field - Association of Swiss Private Bank
The Association of Swiss Private Banks (ASPB) published today its Annual Report 2015, discussing events that influenced the key issues addressed by the ASPB throughout the year to the end of April 2016.
05/30/2016
The World Bank names Mauritius as Africa’s top business destination
Mauritius is first and foremost a fairly safe country.
05/30/2016
Top 5 equity funds for South Africa’s ultra-rich
Therefore any fund manager, wealth manager or private bank needs to build strong relationships with individual brokers in order to get exposure.
05/30/2016
StanChart's Massive Layoffs Mostly Complete
The massive job cuts announced by Standard Chartered Bank's headquarters last year have mostly been made and any further cuts to headcount here will be normal attrition
05/30/2016
ANZ Bank eyes bigger role in financial advice
Reflecting this push, ANZ will launch this week a new platform in partnership with Macquarie Group.
05/30/2016
There's a big misunderstanding between wealth managers and their Singaporean clients
Wealth managers also need to catch up with their clients' digital demands
05/30/2016
There's a big misunderstanding between wealth managers and their Singaporean clients
Singapore clients are becoming more savvy about fees
05/30/2016
Jacob Rothschild makes move to acquire rival Alliance Trust
RIT Capital disclosed a stake of less than 3 per cent in Alliance Trust last year, according to UK regulatory filings.
05/30/2016
Raymond James' $17M fine over anti-money-laundering failures should be a wake-up call
Time advisers take regulators' focus on this issue seriously, as compliance rules are only going to become stricter
05/27/2016
Panama Papers: Mossack Fonseca closes island offices
Jersey, where the company has had a small office for 20 years, was mentioned many times in the leaked documents.
05/27/2016
BSI says new management not linked to Malaysia scandal
There is no proof that current members of the board of directors or management are involved in the case,” he told the Swiss daily Corriere del Ticino.
05/27/2016
Arbuthnot to sell up to 31.9 pct stake in retail bank Secure Trust
The sale would generate gross proceeds of about 145 million pounds ($213 million), Arbuthnot said.