04/16/2014
The Bahrain Banker Interview: Jonty Crosse, Julius Baer - putting relationships first
Jonty Crosse is Managing Director - Senior Advisor at the Bahrain office of Zurich-headquartered Julius Baer.
Wealth and Asset Management
04/16/2014
Credit Suisse reports Improved profitability in Private Banking & Wealth Management:
Improved Wealth Management Clients net margin to 29 basis points from 23 basis points in 4Q13
04/16/2014
Wealth Management Up, But BofA Posts Net Loss on $6B in Legal Fees
Bank of America’s wealth management unit reported a modest increase in profits and a surge in advisor productivity, but the bank suffered a net loss for the quarter as litigation expenses related to the financial crisis rose to $6 billion.
04/15/2014
The winner of the 2014 Wealth Management Madness is....
After he took over he did two things that turned the ship
04/15/2014
Five reasons why buying wealth firms may be too consensual
Wright highlighted the potential boost from ‘internal change as a new management team focus
04/15/2014
SYZ & CO Group: Strong increase in 2013 earnings
The good investment results recorded in 2013, both for mandates and for investment funds, allow the Group to envisage a continued inflow of funds in 2014.
04/15/2014
Sallie Krawcheck's Advice For New Grads on Conquering the Gender Pay Gap
She says that women should ask for more raises and take advantage of professional connections, even as she acknowledges that women are losing ground in financial services and other fields.
04/15/2014
EDRAM launches European multi-asset income fund
The equity allocation will make up anywhere between 0% and 50% of the fund, which will be drawn EuroStoxx 600
04/15/2014
Global players set to enter advice market
With the wealth management market growing at a “lightning pace”, a number of global asset managers are looking to establish distribution arms in Australia, says Chase Corporate Advisory.
04/15/2014
Investors planning to raise European fund exposures, says ML Capital
ML Capital Asset Management is reporting high levels of demand for both European and US long/short equity funds this quarter, with a healthy swing towards UK equity strategies.
04/14/2014
Switzerland’s largest private bank fears Swiss immigration move
Switzerland’s largest private bank has denounced the recent Swiss referendum on restricting the number of immigrants from the EU.
04/14/2014
Sasfin Bank on the prowl for wealthy individuals to boost profile
It will offer clients a transactional account that they can manage via online banking, debit card and mobile banking. The transactional offering is likely to serve as defensive mechanism for Sasfin.
04/14/2014
UBS CEO named ‘most influential figure in wealth management’
He was recently chosen as the most influential figure in wealth management by the readers of WealthManagement.com.
04/14/2014
Rich pickings for banks as Asian wealth expands
UBS announces plans to grow in wealth management segment as competitors also vie for a piece of the pie
04/14/2014
BAHAMAS: RBC announces layoff plans
The move is part of an effort to cut costs, improve efficiency and give better customer satisfaction, according to Nathaniel Beneby Jr., RBC Royal Bank's managing director in The Bahamas, Cayman Islands and Turks & Caicos Islands.
04/14/2014
SS&C GlobeOp Hedge Fund Performance Index and Capital Movement Index
S&C GlobeOp Hedge Fund Performance Index: March performance -1.03%; Capital Movement Index: April net flows decline 0.48%
04/14/2014
Brooks MacDonald expands offshore with Jersey acquisition
In a statement, the AIM-listed wealth manager said the acquisition increases pro forma discretionary funds under management by GBP360.0 million to GBP6.04 billion.
04/14/2014
Julius Baer enters Irish market
he new Irish business of Julius Baer, which is understood to employ about 10 people, will be run as a branch of Julius Baer International Limited based in London, and cooperate closely with the parent company. The offices will continue to be located in Ce
04/14/2014
Independent wealth manager acquires online wealth platform
Isle of Man-based company supports the international adviser community through an open architecture platform which offers funds, direct equity holdings, structured products and various other investment instruments.
04/14/2014
Former Iveagh CIO joins ex-footballer's wealth firm
The Iveagh name is to vanish from the investment world in the near future after the group agreed a deal with City Financial which will see the latter buy its fund range this year.