03/23/2016
Growing UHNW women population demands targeted strategy
Although the ultra-high-net-worth demographic is primarily men, women are an increasingly important subset of the group, according to a new report by WealthInsight.
Wealth and Asset Management
03/22/2016
RBC Global Asset Management Inc. Re-Opens PH&N High Yield Bond Fund to New Investors
RBC Global Asset Management Inc. reserves the right to cap the Fund or otherwise restrict investment at a later date.
03/22/2016
Conflicts in spotlight at wealth giants
Big wealth managers face pressure to put more weight on staff behaviour when setting their pay, after the corporate watchdog found many are not properly managing conflicts between their financial interests and those of customers. An Australian Securities
03/22/2016
Goldman Sachs is looking to close its Geneva branch
A consultation period on the closure of the Geneva office, which has 18 employees, is expected to be completed towards the end of the third quarter.
03/22/2016
Smith & Williamson man kills himself after affair
He worked for London-based investment bankers Smith & Williamson.
03/22/2016
Odier Without Lombard – Tale of Two Families
Lombard Odier, the Geneva-based private bank, has dropped Lombard from its name – at least in strictly legal terms, research by finews.ch showed. But has the Lombard family as such given up on the bank?
03/22/2016
J. Safra Sarasin aquires two highly regarded private banking entities
Both acquisitions are expected to be completed during 2016, subject to regulatory approval.
03/21/2016
Suspended Goldman banker still hat-tipping Donald Trump
Mr Thorburn, an associate in Goldman's wealth management unit, failed to disclose the original online business venture to the investment bank.
03/21/2016
Private bankers out to lure wealthy expats
Squeezed by narrowing interest margins accompanying an all-time low benchmark interest rate, Korean lenders are expanding their expat services to those stretching beyond remittance or foreign exchange.
03/21/2016
Credit Suisse plans to continue expanding its business in mainland China
Despite slowing economies in China and rest of Asia, Swiss lender continues hiring to support expansion of private and investment banking across the region
03/21/2016
UBS Bank China to Focus on New Family Needs as it Opens Branch in Shanghai
It was noted that in the past, families were more concerned of growing their wealth, but this notion changed during the past few years.
03/21/2016
UBS's Big Bonus Payout May Create Cost Troubles Later
There have been lean times in the past -- UBS has cut 10,000 jobs in the last three years and this is only the second annual increase to overall bonus payouts since 2010. Some reward is justified.
03/21/2016
J.P. Morgan Chase & Co. is making its private bank even more private
J.P. Morgan Culls Wealthy Herd
03/21/2016
Tavistock Investment acquires regional IFA
Independent financial advisory business headquartered in Hereford, with 45 predominantly selfemployed financial advisers covering the North East, the Midlands and the South West of the country.
03/21/2016
Credit Suisse expands digital private banking platform
It has also made the digital platform available across multiple devices including the iPhone and web browsers, while adding new functionalities and features.
03/21/2016
China Exclusive: Standard Chartered banking on China's prospects for own turnaround
China has been a silver lining for Standard Chartered, which reported its first loss since 1989 amid rising bad loans, tumbling commodities prices and weakening currencies across emerging markets.
03/21/2016
Private bankers and roboadvisers face off
Now these hungry fintech firms have private banking in their crosshairs.
03/21/2016
Conflicts in spotlight at wealth giants
Mr Medcraft also rejected as "ridiculous" the complaints of some business leaders that ASIC was overstepping the mark in its crackdown on misconduct in the industry.
03/21/2016
Aberdeen falls out of top-10 list of fund brands
The Scottish investment manager was voted the 13th most popular fund management brand in Europe.
03/21/2016
UK wealth managers back in focus for overseas buyers
Demand for wealth management services has been driven by rising house prices; the new pension freedom rules, which allow people easier access to their long-term savings; and a thriving entrepreneurial culture.