02/28/2013
Banca Privata Edmond de Rothschild Lugano SA absorbs Sella Bank AG
This acquisition enables Banca Privata Edmond de Rothschild Lugano SA to pursue its growth strategy
Wealth and Asset Management
02/28/2013
Private banking awards: Because he’s worth it
Euromoney’s private banking awards dinner, held on February 21 at Plaisterers Hall in London, celebrated not only this year’s winners but also 10 years of the survey.
02/27/2013
Standard Life backs more investor say on executive pay
Last year saw a number of shareholders vote against pay packages in what became known as Britain's "shareholder Spring".
02/27/2013
RBC Wealth Management net income up 24%
Net income of $2,070 million (up 8% from $1,911 million)
02/27/2013
RBS absorbs Coutts regulatory costs to post wealth profit
RBS managed to absorb costly regulatory investigations into money laundering and the sale of an AIG fund at Coutts to post a wealth arm profit for 2012.
02/27/2013
UK Wealth manager ups dividend by a third
Total funds under management up 22% to £34.8 billion
02/27/2013
London mayor says EU bank bonus cap helps New York, Singapore
Bankers in Europe face a cap on bonuses as early as next year, following a provisional agreement in Brussels to introduce what would be the world's strictest pay curbs.
02/27/2013
Private banks see AUM surge as Asian wealth keeps growing
In the meantime, Asia's powerful economies continued to churn out thousands of new millionaires.
02/27/2013
Austrian Private Banking Market Consolidates
Austria continues to be an interesting growth market in private banking
02/26/2013
DPZ Capital loses senior management less than 12 months in
DPZ Capital has lost half the senior management team
02/26/2013
Wealth Manager signs strategic partnership agreement with IFA network and national 'ON Line Partnership Group'
Managed Portfolio suite available through national network for the very first time
02/26/2013
EFG International reports significant improvement in performance in 2012
Excluding non-recurring expenses, underlying net profit was CHF 142.5 million, up 71%.
02/26/2013
Standard Life Wealth acquires Newton's private client division
The transaction is expected to more than triple SLW's discretionary assets, creating a private client wealth manager in the UK with increased profitability, significant scale and market presence.
02/26/2013
Singapore's United Overseas Bank Q4 net profit up 25 pct
"This set of results represents a very positive end to 2012. We achieved record profits, record fees and record contribution from our key regional markets," UOB's chief executive officer Wee Ee Cheong said in a statement on Wednesday.
02/26/2013
Barclays Imposes £450m Libor Bonus Hit
The Libor-rigging fallout continues for Barclays as it prepares to impose penalties on some employees over the financial scandal.
02/26/2013
Standard Chartered in talks to buy Morgan Stanley India wealth unit
The sale of the unit underscores a growing trend of consolidation in Asia's wealth management industry as private banks struggle to earn profits in the face of rising regulatory costs and wafer-thin advisory fees.
02/24/2013
Swiss private bank eyes Saudi market as it seeks to expand
The wealth manager, which has CHF200bn in assets under management, is considering opening an office in the kingdom as it views to tap the growing pool of prospective wealthy clients
02/24/2013
RBI Sets Guidelines For ‘Wannabe’ Private Banks Entering Indian Market
The new guidelines give confidence to non-banking corporates who may want to enter the market.
02/24/2013
BOC sets sights on private banking expansion
It comes as BOC points to a trend of Chinese high-net-worth individuals switching from foreign private banks to domestic firms
02/24/2013
Australian wealth management and accounting firm in merger talks
The acquisition would see it broaden its services to its clients, adding 55 advisers and accountants to the SFG network and a further $606 million in funds under management.