Managers of Wealth

Philanthropy needs simpler support

Australia currently sits third in terms of giving as a proportion of GDP, behind the US and the UK.

The 10 Asian billionaires we should be watching

The names Australian wealth watchers need to know are Robin Li, Mukesh Ambani and Wee Cho Yaw.

Walker Crips investors to reap rewards after Liontrust shares sale

Walker Crips Group has disposed of its entire holding of Liontrust shares in order to pay investors a special dividend.

Liechtenstein to Focus on Asset Management, Asia, Regulator Says

Liechtenstein banks should focus on asset management and attracting inflows from wealthy Asian clients to rebuild their business,

StanChart Forays Into Islamic Private Banking

With the fast development of this industry, Muslim High Net Worth Individuals (HNWIs) are increasingly expecting Shariah compliance in managing their wealth, making Islamic wealth management solutions a key market need.

Baer CEO Says Outcome of Bank of America Talks Open, NZZ reports

Julius Baer is interested in the acquisition because of the unit’s strong presence in Asia and Latin America, Collardi said, according to the newspaper.

Covenant Multifamily Offices acquires Texas-based wealth firm

Covenant deconstructs family office model, brings institutional management and boutique services to high net worth clientele

NBAD’s Swiss Unit Targets 10 Billion Francs Client Assets

The United Arab Emirates’ second-biggest bank’s Geneva- based unit oversees about 2 billion francs after it started in 2007 to provide wealth-management services for international clients with at least 10 million francs of investable assets, T

Safra, Sarasin seek to dampen talk of rift

The banks sought to quell speculation of a rift after Sarasin's two independent board members said on Tuesday they would resign as soon as Safra's acquisition was completed.

Ray Soudah: the M&A outlook for UK wealth management

This is particularly evident in the UK and other similar jurisdictions which host a significant number of financial services firms, many of them private banks and wealth managers serving retail, affluent and high net worth individuals.

ABN AMRO MeesPierson raise bar among private banking experts

Each high-net-worth individual has a unique situation and goals related to their wealth, and therefore a specific set of needs.

ABN AMRO Voted Overall Best Private Bank In Singapore‎

At regional level, ABN AMRO is ranked favourably by high net worth clients. It is among Top 5 Best Global Private Banks in Asia, for the US$5.01 million - US$25 million AUM category, and among the Top 10 Best Global Private Banks in Asia, for both AUM ca

Swedbank and SEB Wealth Management buy four Hipoteku Bank commercial segments

Three commercial segments in the state-owned "Latvian Mortgage and Land Bank" have been acquired by Swedbank,

BofA Said to Cut Some Managers in Wealth-Management Unit

Executives who oversaw trust officers and private-client advisers at the firm’s U.S. Trust unit were dismissed this month amid a companywide review of expenses (BAC) at the Charlotte, North Carolina-based bank, said the people, who requested anonymi

S'pore passes HK as home to Asia's wealthy

Hong Kong had leapfrogged Singapore in 2010 after falling behind in 2008.

Swiss banking deals highlight issues facing AM industry, say selectors

This week has seen two announcements regarding acquisitions from two different sides of Switzerland’s banking industry.

SocGen said to be selling its Los Angeles asset mgmt business

According to US asset managers Madison Dearborn and Hellman & Friedman have expressed an interest. Dearborn declined to comment. Hellman and Clayton failed to provide a response.

China's super rich leaving fast cars behind for planes and boats

Kingwing Aviation training school in Jiangsu's Xu Zhou province is seeing more people hoping to fly an aircraft for personal travel and entertainment, even at the steep price of between US$40,000 to US$57,000 for half a year of training.

Wealth managers set to lose market share: KPMG

Financial planning-led IFAs will pose serious competition to traditional wealth management firms that have been slow to adapt to regulatory change, a report from KPMG has claimed. Financial planning-led IFAs will pose serious competition to traditional we

Deutsche Bank, Guggenheim end talks for RREEF

Deutsche Bank AG and Guggenheim Partners have ended negotiations on the potential sale of RREEF, the German bank's global alternative asset management business, after failing to agree on terms, Deutsche Bank said on Wednesday. Deutsche Bank AG and Gu

Wealth and Asset Management