02/10/2015
Pershing Launches Multi-Currency Collateralised Lending
Pershing’s Nexus Loans product allows private clients to leverage assets within their investment portfolio through a non-purpose collateralised loan.
Wealth and Asset Management
02/10/2015
Wealth firm makes seventh acquisition in eight months
The firm’s founder Keith Plester and managing director Jon Rowe will retire on completion of the deal
02/10/2015
Passport to overseas success
As some areas of the Middle East lurch deeper into political tumult, wealth managers.
02/09/2015
J. Safra Sarasin to charge some clients for cash deposits
Private bank J. Safra Sarasin said on Friday it was introducing charges on some cash deposits, the latest Swiss bank to make such a move following the Swiss National Bank's introduction of negative interest rates.
02/09/2015
Massive leak has exposed shady details of HSBC’s Swiss banking arm
Team of journalists from 45 countries unearths secret bank accounts maintained for criminals, traffickers, tax dodgers, politicians and celebrities
02/09/2015
Defaqto awards Bordier (UK) trio of 5 Star ratings for Discretionary Fund Management
The announcement comes in the wake of its 2015 DFM audits, which Defaqto says represent “the most intensive sets of standardised screening that it has conducted on the DFM market” yet.
02/09/2015
India’s wealth management turf gets greener
Prediction that the nation will be third-largest economy by 2030 makes it attractive for new entrants in the business
02/09/2015
S'pore overtaken by HK in ranking of largest wealth management centres: Deloitte
Hong Kong has overtaken Singapore to be the fifth largest wealth management centre in the world, a new report has shown.
02/09/2015
Succession, stress and other issues facing SE Asia's family businesses
Results of the survey found that just 58% of family-run businesses in Singapore have prepared themselves for succession
02/09/2015
HSBC’s response: ‘Standards of due diligence were significantly lower than today’
This is an edited extract from a statement issued by HSBC responding to revelations of misconduct at its Swiss bank
02/09/2015
Standard Chartered targets wealthier customers in retail bank revamp
Standard Chartered Plc will shift its retail banking focus to affluent clients from ordinary customers and urge them to bank online as part of a broader restructuring led by embattled CEO Peter Sands
02/09/2015
Co-investor risk limits fund choice for wealth managers
Growing concern over co-investor risk is leading some buyers to turn away from pooled vehicles entirely in a bid to reclaim control of their investments.
02/09/2015
Investment vehicle of Morocco's royal family hires Goldman, Rothschild to sell bank stake
SNI could sell at least 19 percent of one of Morocco and Africa's biggest banks for an estimated 900 million euros ($1 billion)
02/09/2015
Ex-pat wealth manager seeks UK advisers to double number
The business currently employs 21 advisers and is planning to expand on the back of growing demand for investment advice in the likes of France, Spain, Portugal, Malta and Cyprus.
02/08/2015
Consolidation surges in UK wealth management
Pricing pressures, low interest rates and additional regulation have combined to prompt consolidation in the wealth management industry as companies rush to exploit potential cost savings.
02/07/2015
Wealth Managers Target African Millionaires
Banks based in Geneva, London, New York and the Channel Islands have long been the preferred service providers to Africa’s ultra-wealthy
02/07/2015
7IM founder does not want to return to a “large corporation”
Justin Urquhart Stewart, a co-founder of Seven Investment Management, said he would not want to return to the ethic of a large corporation
02/07/2015
BBC set to name businessmen who have put their cash in Swiss banks without informing the taxman
The Bank of Tax Cheats will be shown at 8.30pm on Monday.
02/06/2015
Butterfield Group Receives Euromoney Awards
Butterfield Group today announced that it has received awards for Net-Worth-Specific Services for Super Affluent Clients in the Cayman Islands, and for Succession Planning Advice and Trusts in Guernsey in the 2015 Euromoney Private Banking and Wealth Mana
02/06/2015
Manulife merges AM, wealth units in Asia
The insurer's merger of its asset and wealth management divisions in the region is seen as an effort to cut costs and boost efficiency, following similar moves by banks in recent years.