Managers of Wealth

Wealthy Clients Demand More Digital Services From Advisors

Firms have much catching up to do to retain clients and wealth managers

Schroders to Add Brookfield Credit Team Managing $4 Billion

The unit will join with Schroders’ ABS team in New York, and the combined group will oversee more than $8 billion, according to a statement from the company that didn’t disclose terms.

BOS aims for $137b in assets by 2020

The private bank has about 300 relationship managers

ICBC to drop comprehensive wealth management business

The financial income will be used to deduct his loan interest, according to a Beijing Youth Daily report.

Business booms for wealth managers

Award caps anniversary for firm

UK M&A boom: the top targets in Rothschild AM's new fund

The fund, which follows the same investment philosophy as the Europe Synergy fund the pair already co-manage, is around 95% invested in potential takeover targets.

‘Flighty’ millennials keen to switch out of funds

Research into generation Y has already shown that asset and wealth managers will have their work cut out to convince this new breed of investor to part with its money in the same way their parents and grandparents did.

The Experience Factor: The New Growth Engine In Wealth Management

So, how should wealth managers prepare to weather the storm and grow through this period of rapid change?

Swiss private bank awarded Best Private Bank in MENA region

The ceremony was held on May 12th at the Jumeirah Emirates Towers in Dubai with over 400 bankers and bank CEOs attending the event.

Credit Suisse opens pockets to super-rich seeking loans

The Swiss bank is betting that it can attract wealthy customers by offering individual clients loans in the hundreds of millions of dollars

Bank of Singapore Sees Asia Rich Shift to Paying Fees for Advice

Bank of Singapore is the private banking unit of Oversea-Chinese Banking Corp., Southeast Asia’s second-largest lender by assets.

Bank love affair with wealth management waning

This was not so much the case when 1HY16 results were announced, as the effects of a rebalancing economy produced what some have labelled as disappointing results to shareholders.

Barclays to sell bullion vault to China's ICBC

The contract is expected to complete in July, ICBC said, subject to various approvals.

UBS seeks savings in wealth management empires

Two of the world’s biggest wealth managers look to achieve synergies and share services

CIBC Asset Management launches Renaissance Private Investment Program for affluent investors

CIBC Asset Management partners with specialized investment managers

Banks Increasingly Outsourcing Investment of Wealth Management Money

The ratios for commercial banks vary significantly, ranging from less than 5 percent for China Everbright Bank and China Minsheng Bank to roughly one-fifth for China Guangfa Bank, the sources said.

CS sees boost in hiring for Asiawealth management

The Asia Pacific chief executive of Credit Suisse, Helman Sitohang, said in a conference call on Thursday that the bank is to increase its headcount in the region as it hires wealth managers and adds selectively in the investment bank.

The technology-driven transformation of wealth management

Robo-advisors represent the “Uberization” of wealth management, offering a pure, automated approach.

Daniel Tully, Merrill Ex-Chief Outspoken in Crisis, Dies at 84

Daniel Tully, a former Merrill Lynch & Co. chairman and chief executive officer who spoke out as both critic and cheerleader as the firm tried to weather the 2008 mortgage crisis, has died.

‘I don’t run [UBS wealth management] for good media coverage’

He has had the weight of the UBS Group’s prosperity on his shoulders since a 2012 restructuring put wealth management at the centre of its operations.

Wealth and Asset Management