Managers of Wealth

BSI Singapore shutdown a wake-up call for private banks in Asia

But details from a Swiss probe into 1MDB accuse BSI of routinely failing to carry out required background checks on large sums deposited.

BSI Singapore shutdown a wake-up call for private banks in Asia

In one case, according to the Swiss banking watchdog, BSI was happy to take $20 million after being told by a client the sum was "a gift".

Old Mutual Receives Approaches for OM Asset Management

Potential sale part of plans to separate company’s four main businesses

BNP Paribas to close Cayman Islands business

BNP Paribas had no immediate comment.

EFG’s BSI Takeover Approved by Finma After Money Launder Breach

EFG believes that these developments will draw a line, from a Swiss and Singaporean regulatory standpoint, with the past in connection with this matter and constitute another important step to remove related regulatory uncertainty for clients, employees,

Global Investor Services and Dynasty Financial Partners Create a Strategic Alliance to Expand Their Global Wealth Platform

Daniel and the GIS team bring significant quality and depth to the international independent market,” said Ed Swenson, Chief Operating Officer of Dynasty.

Falcon Private Bank’s tenacious high flyer earns the feather in his cap

“We see some attraction in certain sectors, like biotech, health care and some parts of technology."

JPMorgan Said to Cut Almost 100 Employees in Its Private Bank

While banks have cut thousands of employees since the financial crisis, wealth-management operations have been generally spared the worst as the business has grown along with the fortunes of clients.

Gerard Lyons among City titans behind new ‘robot’ advisor to the rich

The minimum investment is £50,000 but the service is hoping to attract the traditional clients of private banks such as Coutts and Brewin Dolphin.

Now ‘robo-advice’ is rounding on the Square Mile

Dr Gerard Lyons, the pro-Brexit economist and writer, is throwing his weight behind the latest new service to launch in the UK.

RKCR/Y&R continues comeback with big Swiss wealth manager win

RKCR competed with some of continental Europe’s finest, believed to include BETC Paris, Fred & Farid and Armanda Testa.

Investec Wealth Boosts Non-Pound Bond Holdings on Brexit Concern

The pound may have rallied amid evidence U.K. public opinion is shifting away from a Brexit, but one fund manager isn’t taking any chances.

EFG Hermes: Beyond the horizon

In terms of country exposure, Saudi Arabia represents the single largest percentage, with the UAE also quite large.

UBS cuts "handful" of private bankers in Singapore, HK

Other private banks such as JPMorgan Chase & Co have also cut private bankers in Asia this year.

French asset manager buys Dublin’s Kleinwort Benson for €108 million

That’s very much our objective and the objective of the shareholders as well,” said Hawkshaw.

Law firm ordered to close down wealth management services

The firestorm that has flared over the Panama Papers disclosures threatens to consume the credibility of country's lucrative offshore financial centre

Bonham Carter backs launch of online discretionary manager Netwealth

Just over £6.5m raised for new venture

Aberdeen AM's Gilbert fends off significant buyer interest to keep independence

A spokesman for Aberdeen added the company has never had a formal approach.

Australian Bank ANZ Reviewing Options for Wealth-Management Business

ANZ might seek to sell part or all of the unit, which develops life-insurance, pension products

Online wealth management service launched

Two former senior banking executives launched a new online wealth management service targeting high network individuals, branded as Netwealth

Wealth and Asset Management