Managers of Wealth

The new power brokers: meet the alpha females taking over the City

They make deals worth millions, spend thousands on designer labels, party hard and never miss a daily blow-dry. Meet the new breed of alpha females taking over the City

Wealth management firm pulls out of takeover

It sought a deal that would have been paid by at least 50% in cash and the remainder in new shares in AFH or convertible loan notes in AFH.

‘The decision to break up allows us to access the right investors and markets’

The decision to break up the company was announced by new group chief executive, Bruce Hemphill, two weeks ago, because the constituent parts did not make sense as a single group.

Growing UHNW women population demands targeted strategy

Although the ultra-high-net-worth demographic is primarily men, women are an increasingly important subset of the group, according to a new report by WealthInsight.

RBC Global Asset Management Inc. Re-Opens PH&N High Yield Bond Fund to New Investors

RBC Global Asset Management Inc. reserves the right to cap the Fund or otherwise restrict investment at a later date.

Conflicts in spotlight at wealth giants

Big wealth managers face pressure to put more weight on staff behaviour when setting their pay, after the corporate watchdog found many are not properly managing conflicts between their financial interests and those of customers. An Australian Securities

Goldman Sachs is looking to close its Geneva branch

A consultation period on the closure of the Geneva office, which has 18 employees, is expected to be completed towards the end of the third quarter.

Smith & Williamson man kills himself after affair

He worked for London-based investment bankers Smith & Williamson.

Odier Without Lombard – Tale of Two Families

Lombard Odier, the Geneva-based private bank, has dropped Lombard from its name – at least in strictly legal terms, research by finews.ch showed. But has the Lombard family as such given up on the bank?

J. Safra Sarasin aquires two highly regarded private banking entities

Both acquisitions are expected to be completed during 2016, subject to regulatory approval.

Suspended Goldman banker still hat-tipping Donald Trump

Mr Thorburn, an associate in Goldman's wealth management unit, failed to disclose the original online business venture to the investment bank.

Private bankers out to lure wealthy expats

Squeezed by narrowing interest margins accompanying an all-time low benchmark interest rate, Korean lenders are expanding their expat services to those stretching beyond remittance or foreign exchange.

Credit Suisse plans to continue expanding its business in mainland China

Despite slowing economies in China and rest of Asia, Swiss lender continues hiring to support expansion of private and investment banking across the region

UBS Bank China to Focus on New Family Needs as it Opens Branch in Shanghai

It was noted that in the past, families were more concerned of growing their wealth, but this notion changed during the past few years.

UBS's Big Bonus Payout May Create Cost Troubles Later

There have been lean times in the past -- UBS has cut 10,000 jobs in the last three years and this is only the second annual increase to overall bonus payouts since 2010. Some reward is justified.

J.P. Morgan Chase & Co. is making its private bank even more private

J.P. Morgan Culls Wealthy Herd

Tavistock Investment acquires regional IFA

Independent financial advisory business headquartered in Hereford, with 45 predominantly selfemployed financial advisers covering the North East, the Midlands and the South West of the country.

Credit Suisse expands digital private banking platform

It has also made the digital platform available across multiple devices including the iPhone and web browsers, while adding new functionalities and features.

China Exclusive: Standard Chartered banking on China's prospects for own turnaround

China has been a silver lining for Standard Chartered, which reported its first loss since 1989 amid rising bad loans, tumbling commodities prices and weakening currencies across emerging markets.

Private bankers and roboadvisers face off

Now these hungry fintech firms have private banking in their crosshairs.

Wealth and Asset Management