Managers of Wealth

DBS among world's top 50 private banking brands: The Banker

The report looked at how private banks grew their brands over the past year.

New Credit Suisse CEO promises "ruthlessly selective" review -FT

Thiam's strategic review will involve executives competing with each other for capital allocations by showing their units

Bearish beers, bullish spirits at London’s first stock exchange-themed bar

To capture the best deals, customers use an app to monitor prices that constantly shift based on how much customers are buying.

Citi says SMSFs, low returns may push major banks to sell-off wealth arms

Citi analyst Craig Williams noted that the banks' wealth arms, largely acquired in the early 2000s, had not become "the fast growing, low capital intensive earnings stream" the lenders had expected.

BMO Global AM completes EMEA rebranding

After the rebranding there will be no changes to F&C’s investment trust business or the F&C savings plans and fund names will not be changed either

World's first diamond exchange will go live in Sep

Set up in Singapore with several large Indian diamond firms as members, Jim Rogers is one of the angle investors

South African magnate with thirst for the UK high street

Christo Wiese is third on South Africa’s rich list, with an estimated worth of £4.2bn, and is buying up assets in the UK

Credit Suisse CEO vows action for 'impatient' investors: NZZ

New Credit Suisse AG Chief Executive Tidjane Thiam has told a Swiss newspaper he wants quick action to implement results of strategic review he is conducting at the Swiss bank.

Liechtenstein-based Bank completes share buyback

The bank bought back 300,750 bearer shares and 114,080 registered shares under the scheme announced on June 18.

The next step of evolution: socially responsible wealth managers

What is the point of doing your job if you are not going to make the world a better place?

Fund and private client services firm acquires Kleinwort Benson CI and SA Funds Business

Staff in South Africa will remain in their offices in Cape Town, whilst in Guernsey the combined business will operate from Dorey Court in St Peter Port

JOHCM's Beagles snaps up wealth managers

J.O. Hambro Capital Management's Clive Beagles has opened new positions in wealth managers and increased exposure to certain banks in his £2.9bn UK Equity Income fund.

Brown Shipley AUM edges closer to £5bn with IFA acquisition

The acquisition was finalised on 1st July 2015 following approval from the Financial Conduct Authority

Boutique Intermede set to open first fund

The firm manages close to $500 million

Bellpenny switches CEO

Bellpenny has announced Nigel Stockton is to replace Kevin Ronaldson as CEO as he is shifting to the role of founder director.

JPMorgan’s Private Bank Takes a Team Approach

Andrew Cohen, head of the Asian private bank, finds the region’s wealthy are more open to taking advice.

DBS Private Bank's regional ambitions burn bright

DBS Private Bank, which snapped up Société Générale's Asia private banking business for $220 million last year, is still on the look-out for acquisitions as it seeks to burnish its regional ambitions.

JP Morgan banker attacked by shark

A JPMorgan banker explains how he survived a vicious shark attack in North Carolina last Friday

New Deutsche Bank CEO delays overhaul, warns staff to behave

"I can tell you that we will decisively identify problems, apply fixes and hold accountable those who misbehave

Rothschild invests in a Chinese online retailer

Rothschild Group, the well-known family controlled banking firm based in London, has joined forces with CID Group, a private equity firm from Taiwan, to invest $50 million in Chinese online retailer

Wealth and Asset Management