Managers of Wealth

Singapore vs. Hong Kong: Battle for Asia’s Financial Hub

It’s easy to see why because the two cities have many things in common with each other.

TD Ameritrade moves upmarket to millionaires

The decision could make TD Ameritrade more competitive with the growing host of large brokerage firms and family-office boutiques seeking to lure assets from wealthy investors while leaving the "mass affluent" to Main Street firms that offer lit

Multi-manager profile: Defence is the best attack for Lombard Odier’s Monier

Post-crisis the fund dropped, meaning the partners were concerned they’d have to hand over some of their own money in order to balance the books.

Private bankers cautious over China onshore strategy

Some large wealth managers feel the time is not ripe to start an onshore private bank in China, despite steps taken by Beijing to open up its financial services industry.

Barclays to sell offshore trust and fiduciary business

Barclays offshore trust business is based in Jersey, Guernsey, the Isle of Man, the Cayman Islands, Singapore and Switzerland.

Schroders launches its first emerging markets multi-asset income strategy

The fund will be managed by the same team that run Schroder ISF Global Multi-Asset Income

The Association of Swiss Private Banks - 2014 Annual Report

The Swiss financial centre should take action

Wealthy Indians eye investment avenues abroad

Family offices seeking RBI approval to invest in offshore equities, REITs and other hybrid fixed income vehicles

Swiss Bankers Losing Secrecy Helps Image Abroad, Finma CEO Says

Swiss banks that aren’t dependent on the country’s crumbling financial secrecy laws may find international expansion easier than those that sold hidden accounts in the past,according to Switzerland’s financial supervisor.

Rothschild quits coal foray

FINANCIER Nat Rothschild has said he will never again invest in Indonesia’s coal industry after selling his stake in Asia Resource Minerals to an Asian bidder.

Coutts International looks to add multi-asset funds in Asia

The Singapore-based private banking business sees increasing demand for multi-asset solutions from its Asia clients,and is looking to beef up its product range accordingly.

Merrill Lynch pivots to mildly affluent clients

Their ability to automatically rebalance client portfolios so that they meet investors' risk appetites and goals have likely attracted the affluent

Coutts one of the first banks to offer Apple Pay to clients

Coutts clients will be amongst the first in the UK to use Apple Pay when it launches in the UK.

Bahamas Financial Services Competitive Model Not Easily Duplicated Says Minister Strachan

The Minister affirmed she is committed to working with what has been provided

DBS aims for S$100b in private banking assets in less than 3 years

Singapore's DBS Group Holdings DBSM.SI is aiming for a 40 per cent jump in its private banking assets to $100 billion in less than three years, fueled by the growth of millionaires in the Greater China region and in its home market.

UBS Increases Stake in China Securities Joint Venture

Swiss bank completed purchase of additional stake in February

HSBC Investor Update

HSBC is undertaking a significant reshaping of its business portfolio

Old Mutual to bolster funds by selling stake in asset manager

Old Mutual, the FTSE 100 listed insurer, is to bolster its funds with the sale of a tranche of shares in Old Mutual Asset Management in the US

China Merchants' explosive private-banking growth sets up global expansion push

Surge in assets under management at wealth operation this year buoys hopes for international expansion targeting Chinese customers abroad

Osborne to signal bank levy retreat in olive branch to HSBC

George Osborne is set to review the bank levy to keep Britain’s biggest banks in the country

Wealth and Asset Management