01/22/2014

Time for private banks to tap Gulf wealth?

Within the GCC, HNWIs are serviced by 61 private banks all located in Dubai, 31 of them international. There are an estimated 700 private bankers in the region.

01/22/2014

Raymond James Profit Rises 36%

Raymond James Financial Inc. said its fiscal first-quarter earnings rose 36% led by growth in its private client group and asset management segments.

01/20/2014

Old Mutual coup hits Absa Wealth

ABSA Wealth, reeling after the recent coup in which Old Mutual poached its asset management team, is still struggling to plug the gap.

01/20/2014

Deutsche Asset & Wealth posts 8% Q4 revenue jump

Its parent Deutsche Bank had a tough quarter, recording a net loss of €965 million for the last three months of the year as a slowdown in fixed income trading took its toll on earnings.