04/21/2016
Royal Bank of Canada: Royal Bank of Canada celebrates the best of film with new partnership
The festival, which runs from 5-16 October 2016, is Britain's leading film event and one of the world's best film festivals.
Wealth and Asset Management
04/21/2016
Richest Bank Clients Move Up Priority List for Handelsbanken
With interest rates in Sweden and Denmark set to remain below zero until at least 2018, banks operating in Scandinavia face some of the world’s least hospitable environments for traditional lending.
04/21/2016
Old Mutual could list emerging-markets unit in SA after break-up
No decision had yet been reached on how to distribute Nedbank’s shares, said Michael Goemans, the chief financial officer of Old Mutual SA.
04/21/2016
Dbs Has No Interest in Standard Chartered, CEO Says
Chief Executive Piyush Gupta says DBS sees Alibaba’s online-payment arm Alipay as the new face of its competition
04/21/2016
Welcome to the China Debt, Shadow Banking, Wealth Management Product Nexus
The way that WMPs are sold in China has led many buyers to believe that these products are essentially term deposits
04/20/2016
Asia's banks see rich pickings in private wealth assets
Local banks are snapping up European wealth management units in Asia but talent shortage, fintech disruptions pose challenges
04/20/2016
Handelsbanken Buys Dutch Wealth Management Company
The Netherlands is one of Handelsbanken's growth areas and the bank has currently 23 branches throughout the country.
04/20/2016
Asia's banks see rich pickings in private wealth assets
In a megabucks deal two weeks ago, OCBC Bank snagged the wealth and investment management business that Britain's Barclays Bank has in Singapore and Hong Kong, for a cool US$320 million.
04/20/2016
Most HNW Assets Are Parked at Wirehouses and Banks
Wirehouses and banks lean too heavily on intra-channel recruiting, which could lead to slower growth.
04/20/2016
218-Year-Old Hamburg Bank Shuns Lenders and Prepares for Brexit
Commerzbank AG became the latest European bank to prepare investors for weaker earnings this year as turbulent global markets, record-low interest rates and faltering growth across the euro area erode revenue.
04/20/2016
RBS completes deal to sell private banking ops to Sanctum
Sanctum, which had signed the agreement with RBS in September has acquired all the necessary licenses and approvals as well as successfully managed the migration of the business, including clients and people, from RBS Private Banking, a statement said Wed
04/19/2016
JPMorgan cuts 5 pct of Asia wealth management jobs - source
The job cuts would affect the bank's Singapore and Hong Kong offices, the source said, declining to be identified because they were not authorised to speak publicly on the subject.
04/19/2016
Weak markets crimp wealth management profits at big US banks
Volatile financial markets took a bite out of earnings at big U.S. banks during the first quarter – not just in trading but wealth management, too.
04/19/2016
Gresham House is on the hunt for acquisitions
The Board and the executive team are focused on growing profitability, management fees and performance fees whilst increasing assets under management, both organically and through acquisition.’
04/19/2016
No Easy Way As Banks Court Asia’s Wealthy
Wealth managers grapple with how to establish profitable relationships with Asia’s multimillionaires
04/19/2016
What can save private banking revenues in 2016?
It seems to be the case that a broader product offering, incorporating insurance solutions, with more relevant, portfolio-focused advice to back it, is essential - if private banks want any chance of reasonable revenues this year.
04/19/2016
OMW launches flagship int’l multi asset portfolio range
The Old Mutual Compass Portfolio range is the first launch from the Old Mutual Wealth multi asset unit formed last year, which combines the best in class capabilities from Old Mutual Global Investors (OMGI) and Quilter Cheviot.
04/18/2016
Wells Fargo adds Credit Suisse brokers under recruiting agreement
Out of 220 it looked at, about half were hired, spokesman says
04/18/2016
Sports as investment asset class now gets focus
Smaller league managers are now coming to the picture trying to convince wealth managers to lure high networth clients to invest in franchise-based teams across sports.
04/18/2016
Close Brothers to launch 2016 Family Business Road Trip
Close Brothers Asset Management has announced the Family Business Road Trip 2016, a tour of some of the UK’s most successful family businesses, in association with Family Business United.