Managers of Wealth

BVI Sponsors 2015 Asian Wealth Management Forum In Hong Kong

The Forum looked at trends shaping the future of wealth management in Asia, welcoming over 100 CEOs, senior management, and other leading practitioners.

BVI FUNDS: Preparing for the new abnormal

Its popularity has enabled the BVI to become the dominant global market leader for company incorporations, with over half of the world’s offshore companies domiciled in the BVI and with such companies being widely used throughout the world and in al

Standard Chartered staff braced for big change under Winters

"There's a mood of borderline euphoria and excitement today... after six grim months where the sense of passion and urgency fell away a bit," said a senior Asia-based insider.

Julius Baer Charges Institutional Clients for SNB Negative Rate

Banks including UBS Group AG, Credit Suisse Group AG and J. Safra Sarasin Holding AG have levied charges on some cash accounts after the Swiss National Bank last month began charging 0.75 percent interest to hold francs.

Queen's bank accused of helping wealthy customers evade tax

The private bank's parent company, Royal Bank of Scotland, said the inquiry was focussed on its Swiss operation, including current and former employees.

Carlyle splashes out $31.2 million on former JPMorgan executive

The disclosure shows the lengths to which Carlyle went to poach Michael Cavanagh in a bid to attract top talent and diversify its business.

Specialist asset manager reports another year of outstanding investment returns relative to the ARC Private Client Indices

“It was a year in which active management via active managers paid handsome dividends, and the collective experience we are able to bring to bear at Bordier (UK) shines through in the outstanding numbers we have once more delivered for our clients.

France Will Hand Over HSBC Tax Data to Austria Within Days

France will soon hand over to Austria tax data linked to leaked client data of lender HSBC Holdings Plc which has admitted failings in compliance at its Swiss private bank

Dubai financial zone adjusting regulation to boost wealth managers

Dubai is adjusting regulation of investment firms that handle the money of wealthy people in its financial free zone

HSBC CEO Says Swiss Tax Saga Was Product of a Different Era

HSBC Holdings Plc Chief Executive Officer Stuart Gulliver told U.K. lawmakers the scandal over the role the company’s Swiss private banking unit played in helping clients dodge taxes was the product of a different era

Royal Bank of Canada Bahamas unit faulted in probe of tax fraud, money laundering

Royal Bank of Canada, Canada’s second-largest lender, said French prosecutors are recommending a Bahamas wealth-management unit be punished in a probe of tax fraud and money laundering.

Top Investor Trends to Watch in 2015

The country's wealthier investors are more optimistic than ever before.

HSBC bosses reject calls to quit after 'terrible list' of problems

HSBC bosses rejected calls from British lawmakers for them to quit over the bank's Swiss tax scandal

Too Big to Pay Its Fair Share of Taxes?

Goldman Sachs’s latest financial report shows that the company avoided paying federal income taxes on almost half its United States profits in 2014

Morgan Stanley wealth advisers pay awkward tribute to ‘Hunger Games’

Morgan Stanley’s army of wealth managers sure have a lot of free time on their hands. So much so that executives there have apparently crafted a video spoofing The Hunger Games movie.

Secrets to Managing Multiple Offices

With the growth of the RIA channel and active M&A environment, many firms are branching out and opening new offices

Swiss Banks Try to Keep Italian Clients After Tax Deal Is Signed

Swiss asset managers, faced with the prospect of an exodus of Italian funds, have won a reprieve.

Elite Swiss Private Bankers Still Earning Millions, EFG CEO Says

Some bankers face an uncertain employment future as their firms struggle to withstand pressure on profits after years of low interest rates, an international crackdown on tax evasion and the sudden appreciation of the country's currency in January.

Wharton Executive Education Partners with Institute for Private Investors on New Program for Financial Advisors

Private Wealth Management Professional Track will be held for the first time on October 18-21, 2015 at Wharton’s Philadelphia campus, and is led by some of Wharton’s most esteemed finance faculty and IPI founder Charlotte Beyer.

Swiss-based global private banking group to expand business in Bermuda

The Swiss-based global private banking group operates from 30 locations worldwide, including the Bahamas and Cayman, and has around 2000 employees.

Wealth and Asset Management