Managers of Wealth

Credit Suisse gets welcome boost from private bank despite Q1 loss

There’s obviously been a lot of fear surrounding Credit Suisse,” said Macquarie Research analyst Piers Brown, who has an “outperform” rating on the stock.

Hull firm JR Rix & Sons hosts launch of UK 'Family Business Road Trip'

Tim Rix, managing director of JR Rix & Sons, provided insight into the family business at the launch in Hull.

RBC Wealth Management to consolidate platforms in Asia

RBC Wealth Management is looking to consolidate its platforms in Hong Kong and Singapore into a single platform

OCBC Bank, CEO Samuel Tsien win at Asian Banker Leadership Achievement Awards

The Asian Banker provides business intelligence to financial firms.

Credit Suisse Names New Asset Management Chief

Credit Suisse has announced a new leader for its global asset management business.

UK's Plus500 Appoints Berenberg Bank as Joint Broker

UK-based Plus500 offers trading in forex, options, contracts for difference (CFDs), commodities, indices, and exchange-traded funds (ETFs) in more than 50 countries.

Credit Agricole says wealth arm no longer managing offshore structures

The Le Monde report suggested Credit Agricole had 54 active offshore companies in Panama, set up via Mossack Fonseca, as of end-2015.

Dark money: London’s dirty secret

An insider at a Swiss bank warned Britain’s financial watchdogs that bankers in its UK office were offering services that could facilitate tax evasion and money laundering.

Bankers aim to double assets they manage

Lo hopes to see the number of practitioners rise to 6,000 over the next five years.

Meet the next generation of wealth

They view money differently and they also have a different approach when it comes to investing their money.

Database of Offshore Companies Goes Live

Find out who’s behind almost 320,000 offshore companies and trusts from the Panama Papers and the Offshore Leaks investigations

European Wealth looking to grow client-base through acquisitions

Morton adds that while the company has retained its client base well over the last few months, it is looking to grow through the integration of previous acquisitions

80% of private bankers to be certied by end of 2016: Private Wealth Management Association chairwoman Amy Lo

She aims to have 80% of applicants certied by the end of 2016, and hopes to see more private bankers flood the industry.

UBS WM Australia spino% to slash advisor commissions by as much as 10%

The spino%, which has delayed its launch date to the second half of 2016 from its original plan of April

Private banks “should not be centrepiece” for Asia’s wealthy

Asian families are realising the value of having an independent organisation looking after their wealth, said the CIO of a Singapore singlefamily office at an AsianInvestor forum.

Oxfam’s 355 economists are completely wrong: Tax havens do serve a useful purpose

Yesterday, 355 economists signed a letter co-ordinated by Oxfam arguing that tax havens have “no useful purpose”.

UBS May Pass on Negative Rates to Very Wealthy Clients, CEO Says

European banks are feeling the squeeze from record-low interest rates eroding profit margins at a time when market volatility and declining energy costs are prompting investors to pull funds.

Bob Diamond faces a rough ride in Barclays Africa campaign

The setbacks for the British lender’s former chief executive, who now invests in assets sold by big banks, came as the process of determining who will own one of Africa’s biggest financial institutions entered a crucial phase.

Wealth management industry in disruption

But it is increasingly being asked by the wealth management firms providing both groups with financial advice.

Bob Diamond Says Atlas Mara Close to Buying Another African Bank

The target is in one of seven African countries where Atlas Mara already owns a lender, Diamond said at the London Business School’s Africa Business Summit on Saturday.

Wealth and Asset Management