11/21/2014
RBC to shake up wealth division and cut jobs
Royal Bank of Canada is shutting down its international client-wealth-management business in the Caribbean, along with some international advisory businesses in Canada and the United States, following a “strategic review.”
11/21/2014
UBS has said the creation of the holding company will probably reduce the amount of capital the bank has to hold under Swiss too-big-to-fail rules. The bank expects to return at least 25 Swiss centimes per share to stockholders of the new group.
11/21/2014
TMF Group Acquires leading provider of fiduciary services in South Africa
This deal provides the Company with a sizable platform from which to accelerate its growth strategy across Africa.
11/21/2014
Signs that wealthy private banking clients are reining in their appetite for Singapore dollar bonds could spell trouble for the small and medium-sized companies that are streaming to the city's capital markets.
11/21/2014
"We will continue to cooperate with the French authorities to the fullest extent possible," it added.
11/20/2014
Private banks in Hong Kong are in an expansionist mood
Financial markets liberalisation in China and the growth of private wealth in the country are driving demand for private bankers in Hong Kong, a city where rich Chinese typically park a proportion of their assets.
11/20/2014
Bankers Provide One-Stop Shop For Wealth Management Training
The American Bankers Association has created a one-stop shop for wealth management training for bankers and others.
11/20/2014
Citigroup Risk Executive Miller Found Dead in New York
Miller “was highly regarded at Citi and across the financial services industry as a thought leader and tireless advocate for environmental and sustainable business practices,” bank executives wrote in a memo to employees in his division. &ldqu
11/20/2014
Delegation turns on charm for Rio's business community
Luxembourg's leading politicians and dignitaries led a charm offensive in Brazil's second City, Rio de Janeiro, on Wednesday.
11/20/2014
Asset Manager Is Aiming to Reduce Its Dependence on Banking
11/20/2014
Old Mutual Global Investors has entered an agreement with Latin American platform business AIVA to broaden the availability of its fund range in the region.
11/19/2014
Morgan Stanley Wealth Management Forms Global Sports & Entertainment Division
An inaugural group of Financial Advisors across the country has been chosen for their experience working with athletes, entertainers, directors, writers, producers, owners, agents and business managers.
11/19/2014
BKD unit merges with Chicago wealth management firm
BKD Wealth Advisors LLC continues to grow its footprint around the nation, announcing a merger with Chicago-based Wolf Financial Management.
11/19/2014
The rise of the ultra-rich in Asia is sparking the emergence of bespoke wealth management services for affluent families
According to industry observers at a conference on Tuesday, such services set themselves apart by tailoring their offerings to suit the specific needs of rich families.
11/19/2014
Independent wealth management firm poaches top manager in Westcountry expansion move
An Independent wealth management firm has poached an investment manager from a competitor to become a cornerstone of its Westcountry expansion.
11/19/2014
The change has come about after a review of the trust's investment policy by Schroders, with shareholders voting in favour of the change at its annual general meeting on 14th October.
11/19/2014
Wealth manager seeks acquisitions ahead of pension reforms
Consolidation within the wealth management industry will be driven by how well prepared firms are for the opportunities presented by next April’s at-retirement reforms
11/19/2014
Citywealth has won a Silver 'Stevie' Award for its work with women in business.
11/18/2014
Family wealth is big business
One area they are focusing on is family offices, which are structures set up specifically to manage a family's wealth
11/18/2014
Paragon Bank moves into wealth management
The addition of the wealth management group will increase Paragon's offerings company-wide, with individual retirement and investment planning as well as small business strategies.