10/30/2015
ANZ cutting back on trade finance in Asia as profit growth slows
Net loans at its international and institutional banking businesses fell by 1 percent in the six months ended Sept. 30
Wealth and Asset Management
10/30/2015
Financial Intelligent Assistance Is Here And It's Going To Be A Game Changer For Wealth Management
It’s a market expected to rack in billions – Opus Research says they expect just North American spending on ‘Enterprise Intelligent Assistants’, or ‘EIAs’ to surpass $1 billion by 2020.
10/30/2015
China Banks Enter Eye of Storm Adding Risky Debt to Wealth Funds
Banks are piling into riskier debt despite warnings of a leverage-fueled bubble from local brokerages
10/30/2015
St James’s Place launches two funds targeting income
The fund will target a 5 per cent yield by investing across global fixed interest markets and has been classified as lower to medium risk.
10/30/2015
Labuan IBFC To Continue Focusing On Wealth Management, Islamic Finance Solutions
The conference was held as part of Labuan IBFC's 25th anniversary as a financial centre that connects the economies of Asia.
10/30/2015
Preparing for Next-Gen Advisors and Investors: A New Approach to Talent for Reaching Next-Gen Investors
An independent broker-dealer nurtures Next-Gen advisors to support Next-Gen investors
10/30/2015
Credit Suisse to boost staff for Asian assault
Credit Suisse’s Asia-Pacific operations will go against the trend of job cuts at rival banks in the region and at its own head office
10/30/2015
Maseco: clients review UK residency on non-dom changes
Our strategic goal is to be able to attract excellent talent
10/29/2015
NAB injects $300m into wealth arm
Speaking to ifa, NAB executive general manager for wealth advice, Greg Miller, said the $300 million investment will allow the bank to improve efficiencies, especially across its advice network.
10/29/2015
Deutsche Bank to cut 9,000 jobs and exit 10 countries in overhaul
In Europe, Deutsche will withdraw from Denmark, Finland, Norway, and Malta. It will also exit from New Zealand.
10/29/2015
India’s New Angles
A growing population of the uber rich is infusing money into the overall economy
10/29/2015
Top Brokers at Credit Suisse Unhappy With Wells Fargo Deal
Terms create opening for rival brokerages to grab some Credit Suisse brokers
10/29/2015
Morgan Creek launches private wealth advisory team
The group will work mostly with intermediary distribution channel, focusing on wealth advisors managing $500 million to $2 billion in assets.
10/28/2015
HSBC shrinks Bermuda operations
The transfer is expected to be completed in the first half of 2016.
10/28/2015
Investment Quorum’s Robertson is ‘Asset Manager of the Year for High Net Worth Investors’
The judges were asked to pay particular attention to changes in assets under management
10/28/2015
Is India’s HNW Market Just A Mirage For Global Wealth Managers?
India's wealthy population grew 26% from last year, but global private banks are struggling to make any headway in the market.
10/28/2015
Vontobel seeking more buys in private banking, asset management
A strong and broad-based inflow of new money of CHF 7.3 billion was recorded since the start of the year.
10/28/2015
High-net-worths demand fixed fees from wealth managers
For ultra-high-net-worth individuals, defined as those investors with a minimum of £6.5m assets, almost 10 per cent are demanding to pay time-based fees instead of paying on a transactional basis.
10/28/2015
Bill Gates' Wealth Manager and the Future of UHNW Family Practices
Managing a private fortune of $80 billion is still wealth management, but there are some caveats, the Financial Times writes.
10/28/2015
Kleinwort Benson opens Boston office
KBII opened its first U.S. office in New York, with San Fransisco following in 2013; the new Boston office means the firm is ideally placed to service its growing North American client base, from the East Coast to the West Coast, and into Canada, where it