Managers of Wealth

Foreign banks eyeing wealthy customers

The bank said the centers will expand their asset management channels accessible by customers.

UBS mulling a move to EU if passporting rights are lost

UBS, led by chief executive Sergio Ermotti, employs just over 5400 people in London split across its investment bank, wealth management and asset management.

JTC Client Bucks Brexit Trend with Major London Real Estate Transaction

JTC’s client, City Pride Limited, invests in prime London real estate and the specific project relates to the Landmark Pinnacle, which is arguably the tallest consented residential tower in Europe.

The role for boutiques in Asia's new wealth landscape

There is a need to not only manage their wealth

UBS Group: Why do Investors Hold Record Cash in their Portfolios?

Investors have been wary of investing in other financial instruments such as stocks, bonds and others.

UBS Said to Impose Partial Hiring Freeze in Wealth Management

The lender has since eliminated jobs at the investment bank and announced plans to consolidate back office functions in wealth management.

Credit Suisse scales back private banking in Russia

The service was used only by a few Russian clients, according to a source close to the bank as cited by Forbes. Credit Suisse has received no complaints about the change.

Mersey wealth firms to manage £350m of funds after merger

Gee and Watson has acquired McEwan Wallace Wealth Management to create Wirral’s largest firm of independent financial advisers

Advisers with $240M in combined AUM join Raymond James

The group will operate as part of Kruse Woods Financial Partners, an independent firm that offers securities through Raymond James' independent broker-dealer.

DBS Private Bank in London Move

He started his banking career in the private client division of Morgan Stanley, London.

China’s newly rich courted by international private banks

About 3.9 million mainland Chinese families will be classified as wealthy by 2020 Credit Suisse, survey says

Top 5 Cities Likely to Replace London as Europe's Financial Capital

Germany's Frankfurt has probably the best chance of becoming Europe's new financial capital, DW noted.

UBS France says former employee admits guilt in tax fraud probe

A source close to the investigation said the prosecutor had sought a plea-bargaining deal with the former employee.

Europe Turmoil Shows Why Deutsche Bank Must Chase Wealth Abroad

Shares of Deutsche Bank have erased almost half their value this year and touched a record low last week as investors lose faith that the company can lift returns.

JPMAM’s Emly returns after nine-month sick leave

These include JP Morgan Claverhouse and JP Morgan Income and Growth.

StanC wants companies to give collateral for diamond loans

A process of negotiation is under way with a large number of clients.

UBS chief says Swiss government is leaving banks exposed

This is unacceptable and opens the door for a new offensive against Swiss banks.

Asset managers have worst year since financial crisis

BCG put the lack of growth down to slow net flows and the negative and turbulent performance of global financial markets.

U.S. banks' wealth management profit engine seen stalling

But lately that jewel has been losing its luster.

Lloyds eyes fresh job cuts as savings programme speeds up

The move would add to the 9,000 job losses and 200 branch closures already in the pipeline.

Wealth and Asset Management