Managers of Wealth

Supercomputer Watson is newest wealth management expert

The supercomputer that took on human competitors in the American gameshow Jeopardy has found a new job: as DBS Bank's wealth management expert.

Wealth manager continues expansion drive

The firm has been on an acquisition spree over the last few years, targeting professional services firms.

UBS Weighing Spinoff of Investment Bank, Mediobanca Says

Days later, Switzerland’s finance minister said current leverage ratios are too low and banks may have to consider whether to keep securities businesses.

Insight: Credit Suisse sticks with money-losing U.S. brokerage

Credit Suisse Group AG is betting it can turn around its unprofitable U.S. private wealth business with new loan products and a focus on the ultra-rich, a strategy greeted with skepticism by some securities analysts and former officials at the bank.

Credit Suisse steps up efforts to offload risky investment bank assets

Credit Suisse is stepping up efforts to scale back riskier fixed income areas squeezed by strict new regulation, it said on Tuesday.

Wealth seen as chief gauge of success in China: survey

Over 70% of people in China use wealth as the main gauge of success, double the world average

SA at top of wealth list for Africa, Zimbabwe near bottom

Zimbabweans are among the poorest people in Africa, with the country’s controversial indigenisation laws expected to further erode their wealth

Standard Chartered hires senior private banker for Africa

Standard Chartered have announced the appointment of John Lee as Executive Director for West Africa in its Private Bank.

Coutts appoints new Head of Intermediaries

He will be based in London and is responsible for all business development activity via intermediaries, to include lawyers, accountants, IFAs, consulting firms and mortgage brokers.

Swiss & Global Launches China Evolution Fund

Launched in December 2013, the JB China Evolution fund is Luxembourg-domiciled Sicav and will have 30-50 holdings that will benefit from Chinese economic reforms.

Swiss National Bank Expects CHF9 Billion Loss

The SNB said preliminary calculations indicated it made roughly CHF3 billion on foreign currency positions and another CHF3 billion profit from the sale of a fund that had held troubled assets of UBS AG.

Credo to offer new partner model for wealth managers

In the Autumn Statement, the government announced it would press ahead with a review of the taxation of partnership structures where corporate entities are set up to act as additional partners, and are generally taxed at lower rates than individuals.

Savills Selects Wealth-X As Global UHNW Intelligence Provider on High-End Property Business

Wealth-X announced today that it has been selected as a provider of global ultra high net worth (UHNW) intelligence for Savills’ high-end real estate business.

Guernsey trust, funds and corporate services makes another acquisition

This is the fourth acquisition for the Group since its management buyout in July 2012 and major rebrand in early 2013.

HSBC plans to give staff shares to avoid Brussels' new cap on bankers' bonuses

RBC nabs the Stovel Group, and $300 million in assets

RBC Dominion Securities, the retail brokerage arm of the Royal Bank of Canada, has emerged as the winner of the first major broker transfer of 2014.

Commerzbank sees opportunity to expand wealth management business

Commerzbank's wealth management business has about 70,000 customers

Private banking not so easy in Asia

Asia’s new wealth is illiquid and no great source of profit; Consolidation inevitable among private banks

Rothschild bankers made partners

The 202-year-old investment bank has set up a partnership for 48 of its most senior bankers as the final step of a drawn-out process to unite its French and British branches

Asset managers must stand up and be counted Richard Saunders

Asset managers should be adopting a simple New Year’s resolution for 2014. Speak up.

Wealth and Asset Management