07/09/2013
Big banks win the wealth offensive
The Scorpio Partnership Global Private Banking Benchmark 2013 indicates strong rebound among 209 global wealth management players; UBS takes ranking top spot as a “champions league” of firms emerge
Wealth and Asset Management
07/09/2013
Regulatory Legal partners with wealth manager to offer services to IFAs
Law firm Regulatory Legal has set up an alternative business structure with a wealth manager to package up legal advice for financial advisers to provide to their clients.
07/09/2013
UOB first in Singapore to offer online access to gold, silver accounts
United Overseas Bank Ltd has become the first bank in Singapore to offer retail customers online access to their gold or silver savings account,
07/09/2013
Quilter Cheviot adopts new corporate identity
he group has created a new logo and website and from now on the Quilter & Co legal entity will be renamed Quilter Cheviot Limited
07/08/2013
The $50,000 financial plan: Wealth firms target the super rich
Advisers at UBS and some other wealth management firms are now moving into this market and charging wealthier clients the equivalent of a new BMW
07/08/2013
Swiss banking exodus: Going (HSBC), going (Generali), gone (Lloyds, ING, Santander)
Rising costs and increased scrutiny have led foreign banks to conclude exit is the best option
07/07/2013
Singapore unlikely to overtake Switzerland in wealth management
Singapore is unlikely to overtake Switzerland as the biggest wealth centre in the world any time soon, but it should strive to play to its strength in world of global finance, Prime Minister Lee Hsien Loong has said.
07/07/2013
DBS to expand branch network 7 fold to build SME & HNI customer business
DBS does not plan to lend to retail clients which becomes difficult in the absence of local knowledge and when the local banks are strong.
07/07/2013
Asset managers are putting huge efforts into looking to new areas of growth - BNP
Distribution management is even more complex for asset managers having multiple fund ranges in various domiciles, as they encounter regulatory nuances across locations, in various languages and with multiple points of contact.
07/07/2013
Axa becomes IFP lead corporate member
We welcome the support and commitment of both AXA Wealth and Architas by becoming IFP platinum corporate members.
07/07/2013
7IM unveils revamped platform pricing after FCA forces rethink
The company will now charge 25 basis points (bps) as a platform fee for investments in its 7IM funds.
07/07/2013
Vestra Wealth buys out Goldman
Vestra now has 22 partners and controls £3.6 billion in assets under management.
07/07/2013
Ashcourt Rowan opens Exeter office
Wealth management group Ashcourt Rowan has strengthened its presence in south-west England
07/06/2013
Expats rush to send more cash home from UAE as value of dirham soars
Business at currency exchanges surged by as much as 25 per cent after the dollar hit a three-year high, boosting the value of dirhams sent home by expatriates.
07/04/2013
UBP to shed 300 jobs after Lloyds unit purchase
Union Bancaire Privee (UBP) plans to cut around 300 jobs from the international private banking arm of Lloyds Banking Group Plc which it just bought
07/04/2013
HSBC to exit from wealth management in Korea
That leaves behind its global banking and markets business, which serves corporate clients.
07/04/2013
Monetary Authority of Singapore sets out post FAIR adviser industry concerns
The Private Banking Advisory Group launched the Private Banking Code of Conduct in 2011
07/04/2013
Fitch Affirms 3 Swiss Private Banks; EFG International's Outlook Revised to Stable
Fitch Ratings has affirmed Pictet & Cie's (Pictet) and Lombard Odier & Cie's (Lombard Odier) Long-term Issuer Default Ratings (IDRs) at 'AA-' and Viability Ratings (VRs) at 'aa-'. The Outlooks on Pictet's and Lom
07/03/2013
Where Arbuthnot believes the best growth opportunity lies
Arbuthnot Latham expects to receive its full Dubai banking licence next month and is eyeing further international expansion to boost growth.
07/03/2013
TCC responds to Clive Adamson’s speech on the FCA’s approach to supervising wealth management and private banking firms
The FCA will be delving deep into the firms they are supervising to better understand the market and understand fully the end to end process that a customer experiences.