Managers of Wealth

Lenlyn prepares sale of one of Britain’s oldest private banks

But plans to sell the bank’s sister brand ICE, which is one of the world’s largest bureau de change businesses, have been put on hold.

PAM AWARDS: Marsh Private Client Services Best High Net Worth Insurance Broker

Marsh said its Private Client Services (PCS) division was named "Best High Net Worth Insurance Broker" by Private Asset Management (PAM) magazine

Bank leak reveals billions from Caribbean stashed in Switzerland

However, in the case of The Bahamas, although it is also a financial centre, 55 Bahamian citizens or passport holders were associated with accounts at HSBC. Likewise, Bermuda, where 13 of its citizens or passport holders were associated with such accounts

Private banking: shrinking margins, stagnating client base

The following article is from the February 13-26 print edition of the Budapest Business Journal.

Deutsche Bank eyes slimmed-down universal bank model - paper

The bank is considering unveiling the new plan, possibly one of the biggest overhauls in decades

Canada extends millionaire migration deadline as scheme appears to flop with rich Chinese

That extends the application window from two weeks to a total of 11 weeks, suggesting the scheme has fallen well short of the worldwide cap of 500 applications.

Fresh tax evasion claims against HSBC India

Court documents reveal that HSBC India has been accused of helping American citizens of Indian origin to avoid tax, said the report.

Foreign private banks plan India headcount boost in revival of growth push

The start-ups offer a new investment route for the millionaires

Will 7IM sale succeed after Transact's troubles?

It is understood that Zurich and Aegon have appointed investment bank Evercore to lead talks with potential bidders.

Cornell, Chinese university create family biz program

Soon some Cornell University scions of successful family businesses will be joining with counterparts in China for an immersion program designed to help their businesses grow and manage wealth across generations.

Gold's lustre lures Turkish savers

Gold is hugely prized in Turkey not just for ornamentation or investment by banks but as a secure way for private individuals to hold their savings

Royal Hong Kong Yacht Club announces Edmond de Rothschild Group as official wealth management partner

The Royal Hong Kong Yacht Club has today announced that the Geneva-based and family-owned financial institution, Edmond de Rothschild Group, has been appointed as the Club’s first official wealth management partner

Swiss banks trade Zurich's costly charm for Polish provinces

Even before the Swiss central bank abandoned its cap on the currency in January, the cost of taking on someone in Poland was just 50 to 60 percent

North East well placed in growing economy, says leading wealth manager

UBS positive on region's prospects as he advises clients to remain "fully invested" on diversified basis

Seven firms that could snap up 7IM

The runners and riders that could be tempted to buy the investment firm.

Nashville Bank launches wealth management division

Began operating in Nashville in 2008, has $1.1 billion in assets and five offices in Middle Tennessee.

Private Wealth division on probation for another year

The Australian Securities and Investments Commission said in a statement on Friday it would not continue a two-year enforceable undertaking

PAM AWARDS: Bank of the West Named Best Private Bank for Client Service

Bank of the West has been named Best Private Bank for Client Service by Private Asset Management (PAM) magazine.

Swiss lender Notenstein to buy bank La Roche - news website

Swiss lender Raiffeisen's subsidiary Notenstein Private Bank will buy Basel-based bank La Roche 1787, Swiss online news portal finews.ch said on Friday, signalling a pickup in consolidation efforts in the Swiss banking market.

Ultra high net worths seize on alternative investment protection

Australia’s global private banks and wealth advisory firms are working closely with family offices and UHNW individuals on a wide array of alternative asset allocations in a direct effort to ensure meaningful returns, come what may, this y

Wealth and Asset Management