07/14/2016
Vontobel CEO Sees Politics Challenging Asset Manager Profits
Britain’s surprise decision to leave the European Union in a referendum on June 23 left asset managers scrambling to cover positions.
Wealth and Asset Management
07/14/2016
Brighter EM means outflows slow again for Ashmore
The outflows are persisting, the emerging-markets investment house said today.
07/14/2016
Ascot Lloyd caters for UHNW demand with new Private Office
We have the advantage over private banks in that we act as an independent financial concierge.
07/14/2016
Credit Suisse Said to Lift Salary, Chop Allowance for Some Staff
European regulators drew a clear line between salaries and variable pay in final rules released in December
07/14/2016
Wealth Managers Tend to Lack Access to Quality Alternative Investments
Moreover, nearly three-quarters of them said that alternative investments should make up more than five percent of an overall portfolio allocation.
07/14/2016
Investors Will Shun Europe's 'Golden Visas' After Brexit
The U.K. has been the top destination in Europe for wealthy migrants, attracting more than 125,000 high net worth individuals since 2000
07/13/2016
Foreign banks eyeing wealthy customers
The bank said the centers will expand their asset management channels accessible by customers.
07/13/2016
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.
07/13/2016
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.
07/13/2016
The role for boutiques in Asia's new wealth landscape
There is a need to not only manage their wealth
07/13/2016
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.
07/12/2016
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.
07/12/2016
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.
07/12/2016
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
07/12/2016
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.
07/12/2016
DBS Private Bank in London Move
He started his banking career in the private client division of Morgan Stanley, London.
07/11/2016
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
07/11/2016
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.
07/11/2016
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.
07/11/2016
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.