10/29/2014
UBP launches ‘defensive’ global converts fund
It will be managed by the group's head of convertible bonds, Jean-Edouard Reymond.
Wealth and Asset Management
10/28/2014
Tracking the performance
Discretionary or wealth management is often seen as a bespoke service
10/28/2014
Wealth Management Association confirms strategic review
Where regulation is taking the DFM industry.
10/28/2014
Wealth firm launches service for French expats in UK
With 120,000 registered French citizens and an estimated 400,000 in total living in London, according to French consulate data, there is a large market for Maseco to tap into.
10/28/2014
Convergent Client Funds Safe After CEO's Apparent Suicide, Chairman Says
Client funds at a $8.6 billion RIA firm are safe following the apparent suicide of the company's CEO, says the firm's chairman, prominent wealth management executive Steve Lockshin.
10/28/2014
Wealthfront Closes A Big New Round As Competitors Crowd The Wealth Management Market
The automated wealth management firms (known as “robo-advisors”) that are bringing algorithmically enhanced services to the stodgy world of retirement planning are gearing up to go Terminator as competition intensifies.
10/28/2014
Deutsche Bank Asia Wealth Unit Targets 20% Revenue Gain
Smallwood, 52, said the Frankfurt-based lender will woo Asia’s mega-rich
10/28/2014
Lombard Odier IM launches long/short multi-asset fund
The duo also run the LO Funds - Commodities Risk Par ex-Agri and the LO Funds - Commodities Risk Parity funds on behalf of the Geneva-based asset management firm.
10/28/2014
Butterfield profits climb to $22.8m
Butterfield did not detail the purchase prices or the properties it was referring to, but it said non-performing loans fell by $23 million as a result of the deals, offset by “modest deterioration in the residential mortgage book”.
10/27/2014
BNP Paribas Wealth Management wins private bank awards for Europe, North Asia
Wealth Management department at BNP Paribas bank has won the prize for “outstanding private bank in Europe” at the 2014 Private Banker International Awards, the bank announced in a Friday statement.
10/27/2014
Strauss-Kahn's business partner dies in apparent suicide in Tel Aviv
French-Israeli financier Thierry Leyne reportedly jumped off the 23rd floor of the luxury Yoo residential towers.
10/27/2014
Canadian financial institutions have big advantages when it comes to attracting wealthy investors.
Royal Bank of Canada and its peers are devoting more effort to building private banking franchises everywhere from the U.S. to Asia.
10/27/2014
Private banks bet on Hong Kong as China financial reforms still hazy
Growth in number of billionaires has seen more private banks set up shop in Hong Kong to service demand for offshore investment
10/27/2014
Told to Find 'Sugar Daddy,' Karma Chief Sees Path to $500 Million Funds Instead
When Nandita Agarwal Parker started her India hedge fund a decade ago, all investors in the U.S. wanted to talk about were her children and her husband.
10/27/2014
From Life Insurance Agents To Wealth Managers
There was a time when life insurance agents provided life insurance, investment advisors provided money management, accountants did tax work, attorneys did legal work and so on and so forth.
10/27/2014
Banque Internationale à Luxembourg opens first branch in Dubai
Launch marks important step in BIL 's international expansion
10/27/2014
Wealth managers fear being caught by banker bonus rules
Wealth firms are growing concerned a regulatory crackdown on bonuses within the UK banking sector could end up impacting the investment management industry.
10/27/2014
Old Mutual Wealth targets close ties between Quilter Cheviot and Intrinsic
Old Mutual Wealth is to establish a close relationship between adviser network Intrinsic and Quilter Cheviot after it agreed a £585m deal to acquire the discretionary manager.
10/26/2014
Nedbank Private Wealth shortlisted for the inaugural GCC region awards
Nedbank Private Wealth was recently voted Best in Class for Integrated Banking Service for the second year running in the Professional Adviser International Fund and Product Awards.
10/26/2014
Between Wealth Generation and Preservation
Traditionally, the Middle East has been a classic offshore private banking market served out of centres like the UK and Switzerland