Managers of Wealth

Credit Suisse Boss Faces Revolt From Bankers Over Strategy Shift

One year in, Credit Suisse stock is down 50 percent. And the investment bank, the second largest in Switzerland after UBS, is in open revolt.

Dutch trust operator buys Elian

Elian is expected to generate Revenue of £96 million and EBITDA of £36 million (37.4% margin), representing a CAGR of 9% and 12%, respectively, on Revenue and EBITDA since FYE January 2015 (pro forma for the acquisitions of Allied Trust and SF

Close Brothers buys London based wealth manager

The firm specialises in servicing high net worth clients, particularly in the media and sports industries.

Leading independent private banks merge

The deal is expected to have a "modestly positive impact" on earnings per share from the first full year after the merger, before cost savings, the companies added.

Lyxor signs distribution agreement with Intesa Sanpaolo Private Banking

Lyxor’s Alternative UCITS Platform is one of the fastest growing platforms in the industry with $2bn in assets, recording a 30% growth in 2015*.

The impact of philanthropic donations by high net worth individuals is often not assessed

Such individuals are often much more personally involved with their philanthropic foundations than they are with their investments.

Canaccord Genuity WM's assets break through £12bn

The recovery encompassed rises in the firm’s annual revenue and pre-tax net income, which hit £70.3 million – up from £68.1 million the year before – and £12.2 million respectively.

The Future Of Wealth Management

A great transfer in wealth from aging baby boomers to younger generations is under way, and it is reshaping the wealth management industry in ways that demand greater efficiency and adaptation by incumbent firms.

A window of opportunity

SYZ Group CEO believes time is right to establish a presence in China

Swiss bankers stirred, but not shaken, into returning Africa’s stolen loot

That stereotype is now something of an anachronism, insists Zellweger, Director General of Public International Law and Legal Advisor of the Swiss Foreign Ministry.

Successful annual summit of Avaloq Executive Circle

The results showed client experience is the number one driver of innovation in banking, with BPO responses highlighting a focus on core business as the key industry driver to outsourcing; closely followed with quality and efficiency.

Singapore crackdown on BSI Bank signals cost jump for private banking in Asia

Singapore's clampdown on BSI over its ties to a Malaysian state investment fund - its most stringent action in three decades

Hartford Funds Partners with Schroders to Expand Investment Platform

The relationship will involve Hartford Funds adopting 10 of Schroders’ existing US mutual funds, with potential for the partnership to expand over time.

UBS is now offering bankers 2 hours of personal time a week

The UBS policy, dubbed "take two", aims to give bankers more flexible hours without colleagues having to pick up too much slack.

‘End of history’ for Swiss banking industry

"A swirl of global money laundering and embezzlement.

Wealth's Great Unanswered Question? by James Horrax, Scorpio Partnership

Summer is an opportunity to kickback and contemplate life and whether it’s a few days at home or jetting off to an exotic locale, the salubrious nature of a well-earned break allows one to question all things personal and professional.

Tilney Bestinvest sponsors private view of the Wildlife Artist of the Year exhibition

The Wildlife Artist of the Year exhibition showcases over 150 works of art in all mediums by established and exciting new artists from around the world, each competing for a coveted competition prize of £10,000. There will also be pieces from guest

No Waiting For Wealth Management Innovation

The CFA Institute’s newest FinTech Survey suggests many investment professionals may hesitate before adopting new technology.

U.S. Trust Targets Wealthiest Clients With More Advisors

The move is the latest indication that big banks are emphasizing wealth management as a strategy to grow revenue while putting relatively little capital at risk

Wealth Manager Outsources Private Wealth Back Office Functions To SEI

We will be able to make a quantum leap in client reporting, IT functionality and regulatory robustness," said Richard Killingbeck, WH Ireland's chief executive.

Wealth and Asset Management