Managers of Wealth

Expats rush to send more cash home from UAE as value of dirham soars

Business at currency exchanges surged by as much as 25 per cent after the dollar hit a three-year high, boosting the value of dirhams sent home by expatriates.

UBP to shed 300 jobs after Lloyds unit purchase

Union Bancaire Privee (UBP) plans to cut around 300 jobs from the international private banking arm of Lloyds Banking Group Plc which it just bought

HSBC to exit from wealth management in Korea

That leaves behind its global banking and markets business, which serves corporate clients.

Monetary Authority of Singapore sets out post FAIR adviser industry concerns

The Private Banking Advisory Group launched the Private Banking Code of Conduct in 2011

Fitch Affirms 3 Swiss Private Banks; EFG International's Outlook Revised to Stable

Fitch Ratings has affirmed Pictet & Cie's (Pictet) and Lombard Odier & Cie's (Lombard Odier) Long-term Issuer Default Ratings (IDRs) at 'AA-' and Viability Ratings (VRs) at 'aa-'. The Outlooks on Pictet's and Lom

Where Arbuthnot believes the best growth opportunity lies

Arbuthnot Latham expects to receive its full Dubai banking licence next month and is eyeing further international expansion to boost growth.

TCC responds to Clive Adamson’s speech on the FCA’s approach to supervising wealth management and private banking firms

The FCA will be delving deep into the firms they are supervising to better understand the market and understand fully the end to end process that a customer experiences.

Wealthy individuals 'see education as asset'

Wealthy Chinese are showing their appetite and spending patterns in luxury markets.

Wealthy Appetite: HNWIs gobbling up European prime property

Very few agents can go toe to toe with Beauchamp Estates on sheer net-worth-per-client.

Wealth manager apathy leaves investment trusts ‘vulnerable to corporate raiders’

This lack of demand for the funds’ shares has left them trading on wide discounts to the underlying value of their portfolios,

Edmond de Rothschild in major restructure

Following news its Paris-based fund selection chief was leaving

Seven IM teams up IFAs, accountants and solicitors

Seven Investment Management has started a programme of bringing solicitors, financial planners and accountants together

Oldest French-Swiss private bank bulks up with merger

The oldest private bank in French-speaking Switzerland to offer a variety of investment funds alongside its traditional wealth management services.

Tax relief for charities and donors increased to £4.09bn in 2012/13, HMRC reveals

Figures show that charities claimed £3bn and donors claimed £1.09bn, including £510m from inheritance tax and £40m in payroll giving

PCI and Charity Estimates – Q2

The Q2 2013 performance estimates for the ARC Private Client Indices and ARC Charity Indices are now available.

Investec Wealth & Investment’s Ashes 2013 Cycle Challenge team have broken the £100,000 fundraising mark

Over 70 cyclists, including staff from IW&I and their guests, are participating in the ride which will cover all five Ashes Test grounds in five days in mid-July. The target is to raise £200,000 in total.

BNP Paribas Wealth Management wins prestigious awards

In addition, BNP Paribas Wealth Management was awarded as one of the Top 3 Best Private Bank in China and Top 3 Best Private Bank in Taiwan, in the foreign category.

2plan Wealth Management post first profit

Keeping on top of overheads and investing in technology, particularly “bespoke” software, had also improved the firm’s financial performance,

Aberdeen Asset Management pair die in cycle tragedy

The fact that they died in such tragic circumstances while trying to help others less fortunate

Bonus Limit for Fund Managers Rejected in EU Parliament Vote

The European Parliament narrowly rejected proposals to ban fund managers from receiving bonuses amounting to more than their annual salary

Wealth and Asset Management