05/24/2018
How UBS reshuffle heralds major China expansion
UBS promotes two veteran bankers tohead its new one-stop-shop Greater China business ahead of an expected hiring spree.
Wealth and Asset Management
05/24/2018
Could 50% of advisers exit industry?
The Adviser Ratings research pointed to almost 7,000 advisers having left the industry since 2015, with the future attrition rate expected to increase and described IOOF and AMP as being the majors most at risk from adviser churn motivated by FASEA.
05/24/2018
Vontobel buys private bank Notenstein La Roche for 700 mln Sfr
The transaction, which the parties expect to be completed in the third quarter of 2018 subject to regulatory approval, would be financed through available capital and an additional Tier 1 bond.
05/24/2018
Number of high-net-worth individuals in South Africa to balloon over the next decade
New World Wealth is a Johannesburg-based market research and consulting firm that offers a range of analytical services.
05/23/2018
UBS latest to make push for young, diverse advisers
Wirehouse creates two new training programs and brings in a firm to help it find ethnically diverse candidates
05/23/2018
Canaccord Genuity opens new wealth management office
This development supports the Company's objective of selectively recruiting top industry talent in pursuit of growing its assets under management and administration and operating the premiere independent wealth management business in Canada.
05/23/2018
UBS Rises to JPMorgan's Top Bank Pick in Wealth Management
About 60 percent of UBS’s invested assets come from ultra-high-net-worth individuals.
05/23/2018
Sallie Krawcheck Focuses on Investment Through the Gender Lens
The CEO of Ellevest and chair of both Ellevate Network and Pax Ellevate Global Women’s Index Fund is all about elevating women in the global economy.
05/23/2018
Interim Management Statement for the first four months of 2018
Assets under management at record CHF 401 billion – Robust net new money inflows – Gross margin improvement driven by step-up in client activity – Cost/income ratio(2) inside target range
05/23/2018
Boutique wealth manager takes stake in Optimus Capital
GWM declined to reveal how much of an interest it has taken in Optimus or the amount it paid for the stake.
05/23/2018
Award-winning wealth manager opens new office
The new office is located in the Turkey Mill Business Park, which is set in 20 acres of landscaped grounds and located half a mile from the town centre. I
05/23/2018
Julius Baer reveals record AUM and Asia growth plans
Assets under management at record CHF 401 billion – Robust net new money inflows – Gross margin improvement driven by step-up in client activity – Cost/income ratio (2) inside target range
05/23/2018
Paulina Mejia Wins Top Women in Asset Management Award
“Paulina is a dedicated advocate for women both as clients and as professionals in the asset management industry,” said John M. Dowd, chief executive officer of Fiduciary Trust Company International.
05/23/2018
Morgan Stanley CEO Wants to Double Asset Manager to $1 Trillion
The asset-management industry has seen a wave of mergers as investors’ shift to passive strategies has put pressure on firms to increase scale and cut costs.
05/23/2018
Advisory Firm Focuses On UHNW Latin Americans Coming To U.S.
The firm educates families on how to adjust to the elevated cost of living in the U.S.
05/22/2018
StanChart's digitalisation push nets more customers
The bank's wealth management business is growing at a healthy clip, he said in a recent interview.
05/22/2018
Woodford dropped from wealth manager’s list of recommended funds
Charles Stanley takes Woodford off its recommended list, as famed fund manager battles losses
05/22/2018
Japan’s rich targeted in offshore joint venture
BOS hopes the memorandum of understanding will raise its profile among Japanese ultra-high and high net worth individuals.
05/22/2018
Capital Group's 3 Key Wealth Trends
Forty percent of high net worth advisor clients own and operate their own businesses.
05/22/2018
A bespoke vehicle for private banking success
Mediobanca continues to demonstrate the expertise and sector-specific proficiency required to flourish at the top end of Italy’s private banking sector