Managers of Wealth

International Private Wealth Newsletter - Farrer & Co

In this edition we focus on three areas where wealthy individuals may find themselves at risk, and how they can protect themselves.

Liverpool-based investment adviser seeks to shake up Liverpool's private wealth market

Investment adviser launches web-based service aimed at the younger end of the market

Italian State Lender To Set Up Equity Fund For Family Businesses

State-owned Italian bank Cassa Depositi e Prestiti (CDP) is to set up a private equity fund to help family businesses, but a family business expert questions to what degree it will achieve its aim of helping them go public.

Italy's Intesa Sanpaolo not interested in buying Swiss BSI

Brazilian BTG Pactual is in talks with international banks over the sale of BSI, which it bought only in September

HSBC seeks new UAE wealth and retail head as bank axes jobs

The bank is joined by its main international competitor in the UAE, Standard Chartered

BTG Pactual Swiss unit BSI says client outflows manageable -paper

He told Finanz und Wirtschaft that the Swiss bank was operating normally and its liquidity and equity positions were "outstanding".

Julius Baer makes Luxembourg acquisition

This transaction will significantly strengthen Julius Baer's position in the Luxembourg financial centre.

Private Wealth Focus - December 2015

Here's a review of recent news and upcoming events from Guernsey's international finance centre.

Barclays considers scaling back in Africa scaling back in Africa

Recent contribution of the African business to the overall group’s profits has been hit by the devaluation of the South African rand against the British pound

Oddo & Cie takeover of Kleinwort Benson given go-ahead

The European Central Bank has given Oddo & Cie its approval to carry on with its counterbid for BHF Kleinwort Benson Group.

Marcuard Heritage spin-off just got its asset management licence

Marcuard Heritage revamped its investment team last year and decided on the spin-off for practical reasons

The 13-Year Contract Vexing Credit Suisse Brokers

Those who take the offer must remain at Wells Fargo for 13 years to earn the full payout of bonuses tied to the agreements, much longer than the industry’s typical nine-year deal

Goldman Sachs Asset Management, HazelTree Form Treasury Management Partnership

The partnership is in response to the changing regulatory environment for systemically important financial institutions, particularly Basel III guidelines on capital requirements and balance sheet composition

Deutsche AWM unveils smart beta bond ETF

ETFs following smart beta strategies are becoming more common within equity-based offerings, but there are few fixed income ETFs on the European market.

More high net worth individuals looking to invest in private equity

With this in mind, DBS has launched its PE Access programme, targeted at clients with a net worth of at least S$50 million and looking at deals with a minimum size of S$5 million.

OCBC’s wealth management business sizzles as loan growth fizzles out

“OCBC differentiates itself from peers when looking at its noninterest income composition."

More wealthy Asians turn to philanthropy - but on the quiet

Many established private banks have dedicated units to advise their wealth management clients on matters related to philanthropy.

Booked: Billionaires always figure out how to head off the competition

It’s not being a genius that makes you rich – it’s stopping your rivals

HSBC 'considering Toronto' for headquarters in review of domicile

Hong Kong has been touted as the most likely alternative to current base London

Major Japanese acquisition is vote of confidence in Jersey’s alternative fund servicing strengths

The recent acquisition of UBS Asset Management's Alternative Fund Services business by MUFG Investor Services underlines Jersey’s enduring strengths as a centre for global alternative funds business, according to Jersey Finance CEO Geoff Cook.

Wealth and Asset Management