11/18/2015
Banque Heritage to take on client assets from wealth manager
Consultancy KPMG has estimated the number of Swiss private banks will fall to fewer than 100 in the next three years from around 130 now.
11/18/2015
Wealth-X and Camper & Nicholsons today announced a knowledge partnership that will result in a first-of-its-kind report on the world’s ultra wealthy and the luxury yachting sector.
11/18/2015
Wells Fargo reached an agreement last month with Credit Suisse giving it the inside track on recruiting the Zurich-based company’s private-bank employees as the firm retreats from managing wealth for U.S. clients.
11/18/2015
A Cabinet Minister yesterday admitted to “trepidation” over whether the Bahamas’ service levels could match the promises and content of a recent financial services promotional tour.
11/18/2015
The number of new businesses starting up in Scotland grew by 7 per cent in the year to March, according to new research.
11/17/2015
He also noted that the new private wealth centre came about after the rapid growth of its affluent client segment that was served by its premier wealth centres; the new centre is to meet the discerning financial requirements of this market segment.
11/17/2015
The deal is set to close in the first four months of 2016 pending regulatory approval, UBS said in a statement on Tuesday.
11/17/2015
Online voting for the Citywealth Awards 2016 is now open and I am pleased to announce that Appleby has been shortlisted in three categories
11/17/2015
In impact investing, the ultra-high net worth individuals would place capital in enterprises that generate a positive social or environmental impact.
11/17/2015
Clarien Bank has expanded its private banking business and hired two new staff.
11/16/2015
Kairos assets under management almost doubled since 2013
11/16/2015
UBS Adding Senior Bankers in Asia for First Time Since Crisis
The Swiss bank recently hired three managing directors and one executive director in the region and plans to add roughly another dozen bankers of similar seniority over the coming 12 months
11/16/2015
Chief executive officer of Vistra Group, Martin Crawford, in a presentation on behalf of BVI Finance at the 2015 China Offshore Summit said the territory held about 50 percent of the market share of new offshore companies formed globally
11/16/2015
We will probably make another four or five similar acquisitions next year but the main thing we will do is wait for the downturn in Asia to end — and it will
11/16/2015
Separately, international wealth management, led by Iqbal Khan, will be split along geographical lines with Europe being run by Claudio de Sanctis
11/16/2015
One Charles was launched through Focus Independence (formerly Focus Connections), a program which helps wirehouse teams successfully launch their own independent wealth management firms.
11/16/2015
Industry observers are divided on whether the reorganization will bolster Deutsche Asset Management, which has struggled for some time.
11/16/2015
The introduction of the RDR by the FSA perhaps forced financial advice firms to profoundly review how they communicated with clients.
11/16/2015
Their research identified over $1.1tn of public equity holdings for 11 SWFs, representing about 24% of assets under management.
11/16/2015
This was the first non-Swiss franc transaction for Julius Baer and the first AT1 transaction with write down trigger feature ever to price in the Singapore dollar market.