Managers of Wealth

Singapore Banks Eye Barclays’ Private Bank

Taking a step back, why are they interested? Wealth is growing strongly in Asia

Wealth manager announces direct-to-consumer offering

Bristow said the engine works based on user inputs, and enables clients to choose to manage their own investments or seek out advisers.

Credit Suisse Group: How to Revamp Wealth Management?

Business Finance News highlights the tough time Credit Suisse’s wealth management department is going through and give recommendation on how to improve situation

Wealth boutique launches asset management business and multi-manager range

The all-in fees range from 1.1% to 1.36% and the minimum investment is £1,000 for lump sums or £100 a month for regular savings.

South Africa-UK Wealth Management Giant Plans $12.8B Split-Up

It has a market value of £8.8bn as of Friday’s close.

The lure of Hogtown finally became irresistible to one of the last holdouts among large Vancouver-based wealth management companies

Expansion underscores need for B.C. firms to have presence in Canada’s largest city

Citibank strengthens wealth management

Park added that Citi Priority helps cut transaction cost through digital banking channel as well as providing customers with freedom and flexibility in transactions.

Credit Suisse Wealth-Management Head Has a Tough Task

Iqbal Khan’s mission—revamp a patchwork of disparate businesses—would be a challenge even in good times

Rothschild Wealth tells clients it's time to invest abroad

Global investment strategist Kevin Gardiner at Rothschild Wealth Management, which has €21.6 billion ($32 billion) under management globally

Wealth managers keeping faith with Japan

Wealth managers appear to be keeping faith with Japanese equities despite the recent poor performance of the country's economy

Old Mutual split could trigger Nedbank sale

Earlier this week, global banking group Barclays announced that it will be selling down its stake in Barclays Africa Group Limited – trading as Absa in South Africa.

Bob Diamond's alleged bid for Barclays' Africa ops shows what a big mistake it was to let him quit

It's pretty sweet revenge for Diamond as the deal would mean snapping up one of his old employers' most profitable assets

‘Ambitious’ style pays off for new Schroders chief

One top-20 shareholder warned that Mr Dobson, who has run the £313bn asset manager for the past 14 years, risked becoming a “back seat driver”.

Lombard International sets up dual US-UK wealth solution

In addition to providing a practical solution to the issues faced by US clients, the hybrid policy also caters to UK residents who, for business or personal reasons, plan to take up residence in the US for a period of time.

What the Kleinwort buy will mean for SocGen

The planned merger follows SGPB Hambros’ buys of Barings’ private client arm and ABN Amro’s private banking division in recent years, which Barnett classifies as bolt-on acquisitions.

UBS considers acquisitions to expand wealth management in Europe

UBS, the world's biggest private bank, sees growth potential in Europe because the wealth management market is still very fragmented with the biggest banks rarely holding more than a 7 percent share in a particular country.

China Merchants Is Hiring to Service Surplus Millionaires

Shenzhen-based CMB is planning to hire 300 new private bankers and advisers this year to add to the existing staff of 1,000

Interest in Barclays Asia wealth unit intensifies

Barclays’s sale of the unit could fetch as much as $400 million, though the valuation could change as bidders get more detailed information about the business, they said.

Charles Stanley closes two branches in consolidation push

Duncan Graham, head of the Newbury office, will move over to Charles Stanley’s Oxford office.

Morgan Stanley Wealth Management Launches Enhanced UMA Trading Capability for Financial Advisors

“UMAX’s ability to so efficiently facilitate changes across multiple UMA portfolios simultaneously is a major step forward in the industry,” he added.

Wealth and Asset Management