Managers of Wealth

Bank Frenzy Breeds Banner M&A Year for Wealth Managers

Broker-dealer acquisitions slowed down in 2015, according to the Sandler O’Neill report.

Wealth Services For Foreigners Shinhan Financial Group Starts Wealth Management for Foreigners in Korea

The Shinhan Financial Group is also planning to open more private wealth management centers in order to maintain its leadership in the wealth management sector.

Brown Shipley chair steps down

He was appointed chairman on April of last year, taking over from Alan Dickinson.

Tilney launches smart beta-focused multi-asset range

Tilney BestInvest subsidiary, Tilney for Intermediaries, has launched a range of five risk-rated, multi-asset funds.

Bob Diamond snatching up African banks despite the sector’s dismal outlook

It’s more about demographics than it is about oil

Vistra Hong Kong wins 'Trust Company of the Year' Award

Now in their fifth year, the Citywealth International Financial Centre Awards were established to highlight the excellence of the advisers and managers in the private wealth sector in the major international financial centres.

Grand Cayman Special Economic Zone Attracts $70 Million in Investment

The Special Economic Zone was created to expand and diversify the economy by attracting direct foreign investment and new technology-focused industries that hadn’t previously been attracted to the islands.

Global Banks Push to Manage Asians’ Rising Wealth

Firms hire more private bankers, seek to show clients advice is needed in turbulent markets; handing out perks

Geneva’s oldest private bank says PBOC has ordered suspension of funds that channel domestic savings abroad

The 200-year-old Swiss bank which controls HK$1.6 trillion of client assets worldwide and is still one of the few actual private banks still funded by its partners’ own capital - last year entered into a partnership agreement with Fujian-based Indus

UBS unit launches training scheme for client advisers

"Wealthy clients seek professionals who understand their unique challenges, passions and ambitions," said Mr Josef Stadler, head of global ultra- high-net worth at UBS Wealth Management.

Frozen Iranian funds freed up from Swiss banks

The nuclear deal also opened up Iran to new international business opportunities, some Swiss firms are hoping it could lead to a fresh market outlet.

Swiss private bank Lombard Odier says PBOC has ordered suspension of funds that channel domestic savings abroad

Lombard Odier confirms that PBOC suspension will affect RQDII investment

Banque Heritage takes majority stake in Meridian Wealth Management

Banque Heritage's chief executive said this month the bank was eyeing more acquisitions to help its assets under management hit a critical mass.

Kenya: Families Fight to Control Sh500 Billion Wealth

What is mind boggling is the amount of money and value of properties involved in the disputes that at times drag on in court for years

Citigroup Sees Mideast Private Banking Boost as Rich Move Assets

Last year, Citigroup moved Mark Mills, a managing director and investment counselling head for Middle East and North Africa, and two other private bankers to Dubai from London.

Barclays share price: Bank appoints Lazard to sell Asia wealth business

The sale is likely to attract interest from Swiss rivals with larger operations in the region, such as UBS, Credit Suisse and Julius Baer, as well as from local groups, such as DBS in Singapore.

TD streamlines services for high-net-worth investors

The move is being implemented ahead of regulatory changes, known as the second phase of the client relationship model, that will highlight how much a client is paying for financial advice as well as the cost of their investments.

J.P. Morgan CEO’s 2015 pay package up $7 million

The total compensation is up from his 2014 pay package of $20 million though includes less cash and more in restricted stock.

J.P. Morgan Wants Its Employees to Stop Working on the Weekend

100-hour work weeks are not unusual.

Towry locked in four-way bid battle

It is believed all four firms are from a private equity background.

Wealth and Asset Management