09/24/2015
Axa Wealth CEO ‘ahead of plan’ on restructure
Mr Kellard admitted he had set some tough targets for Axa Wealth, especially given the regulatory hurdles such as RDR in January 2013 and the pension freedoms in April this year.
09/24/2015
Isle of Man-based wealth manager launches UK wealth business
The firm has filed for an FCA licence and is looking to build up teams in both its London and Manchester offices.
09/24/2015
Fund and private client services company acquires firm in Luxembourg
Their senior management team is additionally strengthened by Raphael Poncelet who is a partner in the firm.
09/24/2015
Deal designed to compensate Bill Winters for leaving hedge fund he co-founded
09/24/2015
Management team buys RBS India private banking unit
The Royal Bank of Scotland announced the sale of the business
09/23/2015
Booming Art Market Paints a Picture of High Risk
Private banks typically offer these loans to their clients at a rate of 2% to 3%, lending up to 50% of an artwork’s value.
09/23/2015
Robots can't read your dreams, advice firm warns
The push towards more automated services is a huge wake up call for the industry
09/23/2015
Standard Chartered Bank to sell iconic office
The London-headquartered bank has announced a plan to save $1.8 billion cost globally by the end of 2017 and has simplified the organisation layers to deliver it
09/23/2015
Executive expects to work largely as normal while undergoing chemotherapy in New York
09/23/2015
Following Nutmeg's move to offer advice, wealth managers have taken to robo-advice in order to capture smaller clients.
09/23/2015
This is the view of Christian Fringhian, a partner at Reyl & Cie, who believes the time is ripe for non-investment banks to enter this space and attract cross-border entrepreneurs.
09/22/2015
Swiss Bank group Julius Baer launches bank in India
The launch was deferred on account of a delay in approvals from a bevy of regulators and 'complications' in the deal
09/22/2015
Engagement more important than tech in digital disruption
Technology will continue to be used to streamline costs and improve efficiencies as well as facilitate more rigorous compliance and regulatory reporting
09/22/2015
European Wealth pays £675k for Surrey-based IFA
'The combination of uncertainties in the global markets and the underlying dynamics of the wealth management industry will continue to create meaningful opportunities for the group
09/22/2015
How UBS Spread the Pain of Puerto Rico's Debt Crisis to Clients
The Swiss bank packed pension bonds it underwrote into mutual funds it marketed on the island with a hard sell.
09/22/2015
Noah Partners with UKTI to Open Opportunities for Clients in the United Kingdom
The partnership is designed to open up opportunities for Chinese high net worth individuals in investment, philanthropy, cultural exchanges, and education in the United Kingdom.
09/22/2015
Former Private banking veteran launches wealth platform
Has launched an independent platform in Singapore serving both as an external asset manager and multi family office.
09/22/2015
Ex-Schroders Private Bank CEO joins AIM-listed investment management boutique
He joins the group to help build up its asset management capability.
09/22/2015
"While the asset management industry there is young and the potential huge, our vow is to avoid short-termism and focus on quality," Young said.
09/22/2015
Two UBS Group Managing Directors have been named among the 25 Most Powerful Women in Finance by American Banker magazine.