07/16/2013
BNY Mellon's assets inch up in quarter
Bank of New York Mellon reported $1.43 trillion in combined assets under management
Wealth and Asset Management
07/16/2013
Northern Trust 2Q net income rises 6 percent
Northern Trust Corporation reported second quarter net income per common share of $0.78, up from $0.73 in the second quarter of 2012 and $0.67 in the first quarter of 2013.
07/16/2013
HFM Columbus: Private Client Recruitment Market Never Looked Better
HFM Columbus director Marcus Carlton says the private client recruitment market has never looked better
07/16/2013
BofA, Morgan Stanley Hold Lead In Top Wealth Manager Ranking
Bank of America Corp. and Morgan Stanley held on to a slim lead over UBS AG in a 2012 ranking of the world’s largest wealth managers compiled by PAM Insight SA.
07/16/2013
Bank of America makes hay from wealth management
Hidden in the numbers released in Bank of America's second-quarter earnings report on Wednesday was a single figure - 27.6 percent - that should delight the wealth management industry.
07/16/2013
High Net Worth Individuals Leading the Social Media Charge
Social media usage has increased dramatically over the last three years among the Affluent,
07/16/2013
Will FCA wealth management arm spark new supervisory era?
However, they also say the level of oversight and industry experience shown by the new division will prove crucial to the regulator’s ability to supervise the sector.
07/15/2013
British bankers earned more than the rest of the European Union put together
Figures from the EU's banking regulator showed 2,346 bankers earned more than 1m euros in the UK, compared with 739 in the rest of the EU
07/15/2013
Goldman Beats Estimates on Investment Banking, Debt Gains
Goldman Sachs Group Inc. said earnings doubled, beating analysts’ estimates on a surge in underwriting revenue and gains from the firm’s own investments.
07/14/2013
CEO of deVere buys UAE wealth management firm
The deVere Group's Nigel Green was officially presented as Acuma's new owner to the firm's 50-strong team at the entity's headquarters in Dubai this morning, after the deal was finalised on Friday.
07/14/2013
China Orders Banks to Register Wealth Management Products
China's banking regulator has taken further steps to tighten its oversight of wealth management products by asking banks to register these products before selling them to the public.
07/14/2013
Swiss Private Banks Continue to Face Headwinds - Fitch
Well Placed To Withstand Pressure
07/14/2013
Julius Baer boosts Israel activity
Swiss private banking institution incorporates activity of Merrill Lynch's wealth management division into its TA office to strengthen presence in Israeli market
07/14/2013
Rich Latin Americans love Miami
Itaú Private Bank International: Building on Miami’s allure to Latins
07/14/2013
Dubai loses ground to London in battle of banking
London has strong links to the Gulf region due to its historical bonds with the sheikhdoms when they granted Britain as trucial states access
07/14/2013
Bennelong Group appointa new wealth management head
Bennelong has stated it plans to build a national wealth management business targeted to high-net-worth clients
07/14/2013
Nine in 10 high net worth individuals use social media
"Nine in 10 high net worth individuals use social media and 52% would like to engage with an adviser through social media," Ambrose said.
07/14/2013
HSBC Trinkaus to sell private banking in Luxembourg
Approximately 20 employees working for the private banking business of HSBC Trinkaus & Burkhardt (International) SA are expected to transfer to VP Bank as part of the sale.
07/14/2013
Lloyds' grip on private banking loosens as Rathbones and Investec grab UK share
The bank has some $398 billion under management globally, and was followed in the list by Barclays which runs $201.4 billion.
07/14/2013
Wealth managers fire warning shot over ‘super clean’ fund deals
The race to secure the best priced share classes intensified earlier this month when Standard Life became the first platform to secure super clean deals.