Managers of Wealth

Swiss to Tighten Leverage Rules for Big Banks This Year

Switzerland plans to tighten regulations requiring UBS Group AG and Credit Suisse Group AG to hold capital against potential losses to shield the economy from future financial crises

Private Wealth Management Industry Invests In More MBA Talent

Wealth management companies and units at banks have increased global recruitment significantly,

Old Mutual Wealth gears up for pension changes

He said this would be available to investors through Old Mutual Wealth’s collective retirement account in time for the pension changes on 6 April 2015

Arlette Ricci faces prison for 'hiding £13.9 million from French tax authorities'

The heir to the Nina Ricci perfume fortune went on trial and faces ten years in prison

Financial Times magazine names Maybank Islamic Best Private Bank for Islamic Services

For the sixth time, the bank won the “Best Private Banking Services Overall (Malaysia)” and six sub-category awards.

Standard Chartered All Out Effort to Save Company

Standard Chartered Plc will take an all-out effort to save the bank from further damage due to its high costs.

Lenlyn prepares sale of one of Britain’s oldest private banks

But plans to sell the bank’s sister brand ICE, which is one of the world’s largest bureau de change businesses, have been put on hold.

PAM AWARDS: Marsh Private Client Services Best High Net Worth Insurance Broker

Marsh said its Private Client Services (PCS) division was named "Best High Net Worth Insurance Broker" by Private Asset Management (PAM) magazine

Bank leak reveals billions from Caribbean stashed in Switzerland

However, in the case of The Bahamas, although it is also a financial centre, 55 Bahamian citizens or passport holders were associated with accounts at HSBC. Likewise, Bermuda, where 13 of its citizens or passport holders were associated with such accounts

Private banking: shrinking margins, stagnating client base

The following article is from the February 13-26 print edition of the Budapest Business Journal.

Deutsche Bank eyes slimmed-down universal bank model - paper

The bank is considering unveiling the new plan, possibly one of the biggest overhauls in decades

Canada extends millionaire migration deadline as scheme appears to flop with rich Chinese

That extends the application window from two weeks to a total of 11 weeks, suggesting the scheme has fallen well short of the worldwide cap of 500 applications.

Fresh tax evasion claims against HSBC India

Court documents reveal that HSBC India has been accused of helping American citizens of Indian origin to avoid tax, said the report.

Foreign private banks plan India headcount boost in revival of growth push

The start-ups offer a new investment route for the millionaires

Will 7IM sale succeed after Transact's troubles?

It is understood that Zurich and Aegon have appointed investment bank Evercore to lead talks with potential bidders.

Cornell, Chinese university create family biz program

Soon some Cornell University scions of successful family businesses will be joining with counterparts in China for an immersion program designed to help their businesses grow and manage wealth across generations.

Gold's lustre lures Turkish savers

Gold is hugely prized in Turkey not just for ornamentation or investment by banks but as a secure way for private individuals to hold their savings

Royal Hong Kong Yacht Club announces Edmond de Rothschild Group as official wealth management partner

The Royal Hong Kong Yacht Club has today announced that the Geneva-based and family-owned financial institution, Edmond de Rothschild Group, has been appointed as the Club’s first official wealth management partner

Swiss banks trade Zurich's costly charm for Polish provinces

Even before the Swiss central bank abandoned its cap on the currency in January, the cost of taking on someone in Poland was just 50 to 60 percent

North East well placed in growing economy, says leading wealth manager

UBS positive on region's prospects as he advises clients to remain "fully invested" on diversified basis

Wealth and Asset Management