07/30/2018
Schroders to sell Eastern European private banking ops to Swiss bank
The closing of the transaction is expected during the fourth quarter of 2018 and is subject to the relevant regulatory approval.
Wealth and Asset Management
07/30/2018
Novia global business to overtake UK platform
Mr Field said the growth was driven by the fact many jurisdictions were echoing the reforms made in the UK as part of the Retail Distribution Review.
07/30/2018
Morgan Stanley Seeks to Manage More of Its Clients’ Wealth
New compensation system for financial advisers aims to look at a customer’s assets held elsewhere
07/27/2018
Top Tips on how to pass wealth on to your loved ones
Before you have a family discussion about inheritance, you need to have a good idea of your financial position and your intentions
07/27/2018
The “Golden Dragon” Continues Expansion Into Europe, And Potentially Into Monaco
Over the past 10 years, China has bought or invested at least $318 billion in assets across Europe
07/27/2018
Hong Kong asset and wealth management industry tops HK$24 trillion
The 2017 survey found that private banking and private wealth management assets amounted to HK$7.8 trillion at the end of 2017, 52% of which was invested in China and Hong Kong.
07/27/2018
Banker to the Queen Hunts U.K. Startups for Risk-Hungry Clients
Coutts, RBS’s 326-year-old private bank, uses investment club
07/27/2018
Asset managers fail to look beyond London
Asset management groups have come under fire for being too London-centric when organising events and failing to think of advisers and wealth managers in other regions of the UK.
07/27/2018
Asset managers wobble as trade tensions hit client sentiment
BlackRock sees outflows from active, passive equity
07/27/2018
Swiss bank Vontobel raises mid-term goals as assets under management rise to record
The 94-year-old bank is increasing its 2020 profitability target
07/27/2018
Schroders' Brookes: Brexit Stops Me Buying UK Stocks
UK equities are attractive, but Brexit uncertainty is stopping Schroders' head of multi-manager Marcus Brookes from backing them for now
07/27/2018
UBS Is Cutting Dozens of Staff in Wealth-Management Revamp
The bank announced higher second-quarter profit for global wealth management this week, which helped offset the surprise withdrawal of assets by clients.
07/27/2018
Bellevue: First-Half Profit Hike
Managed client assets reached 12.7 billion francs my mid-year, a record level.
07/27/2018
Rothschild to close Singapore WM office
Clients will be able to choose to have their assets transferred to either the company’s Hong Kong or Zurich branch.
07/26/2018
Credit Suisse’s NEXT Investors fund raises US$261 million
Switzerland-based Credit Suisse AM had $410 billion of assets under management as at March 31, 2018.
07/26/2018
UBS wealth merger hits goals as investors press for returns
At the investment bank, surging equities and foreign-exchange trading helped the unit led by Andrea Orcel beat estimates.
07/26/2018
UBS executive overseeing more than $800 billion reveals her top five rules for investing
Harford started her finance career at Merrill Lynch & Co. in investment banking.
07/26/2018
Wealth management & the Philippines: Experts shine light on the future path
The Asian Development Bank currently forecasts that the country’s GDP will grow by 6.8% in 2018
07/26/2018
Dukascopy Ventures into Wealth Management to Diversify Offering
The business structure allows investors earn income through acting as a liquidity provider on the SWFX.
07/26/2018
How RBC aims to fire up organic growth
At the same time, technology is changing the business.