02/15/2012
UBS said to plan contingent bond sale to boost capital
The bonds, which mature in February 2022 and may yield about 7.5 percent, will switch to a floating interest rate if the bank doesn’t redeem them in 2017, the people said.
02/15/2012
Institutional wealth manager to acquire SIBT's trust operations outsourcing unit
The acquisition of SITS represents a continuation of the strong growth RIS has experienced over the last seven years. The transaction is expected to close on March 31, 2012.
02/15/2012
HSBC launches Next Generation Fund for HNW's
“HSBC has been researching emerging managers for many years, and we have an established track record of investing in some of the best new managers in the industry. This Fund provides our clients with direct access to a new generation of hedge fund m
02/15/2012
I think I love you - so what's your net worth?
Decades of pop culture have cemented the notion that love conquers all – including money.
02/15/2012
Wealth management struggles amid strong Commbank result
The CBA has recorded a statutory net profit after tax for the half year ended Dec 31 2011 of $3.624 billion, a 19% increase on the previous corresponding period, in a strong result unaided by its wealth management arm which recorded a loss.
02/14/2012
Credit Suisse Named Best Private Bank Globally
Euromoney is a leading publication for the global banking and capital markets communities.
02/14/2012
BankMuscat unveils dynamic Private Banking strategy
AbdulRazak Ali Issa, Chief Executive of BankMuscat, inaugurated the flagship Private Banking branch offering bespoke solutions that preserve, secure and grow wealth.
02/14/2012
Emerging Asia’s bankers are hiring, private banking growing
According to job networking site FINS Asia-Pacific , recruiters predict that the number of finance jobs in Asia will grow by as much as 10% this year.
02/14/2012
China soon to over-take Japan as the world's second-largest wealth market
Attention is paid to which private banking services are valued by HNWI's in China, and what criteria is used during selection.
02/14/2012
Taiwan may allow yuan-based wealth management investment
An official of the Financial Supervisory Commission (FSC) said on Monday that it was looking into ways to allow Taiwanese to open accounts at Hong Kong or mainland branches of Taiwan banks without having to go to the branches in person.
02/14/2012
Melbourne-based wealth manager expands in Sydney
"Our longer term goal is to be recognized as Australia's premier boutique private wealth management firm, with a presence in all major cities in the country," said Kelly
02/14/2012
Towry looses case against rival wealth management firm
National IFA Towry has lost its High Court battle against rival wealth management firm Raymond James and seven former Edward Jones advisers it alleged solicited clients.
02/14/2012
Swiss wealth manager to move some Global functions to Singapore
“I would not exclude that in the next few years we could have even more global functions being based out here.”
02/14/2012
Fired CEO of wealth management firm sues in dispute over sick leave
The former chief executive of a wealth management firm is suing for wrongful dismissal after he was fired following a row over medical leave.
02/13/2012
This phenomenon, the "wealth gap," is not new and we have become used to the fact that, with few exceptions, particularly in developing countries the wealth disparity is growing steadily.
02/13/2012
The Swiss bank, hit in 2011 by a rogue trading scandal and still clawing its way back from a financial crisis bailout, is slashing 2011 investment bank bonuses by 60 percent, a steeper drop than most rivals.
02/13/2012
Industry Veterans Anne Marie Levin and Isabel Pryor join Key National Trust Company of Delaware to offer trusts for asset protection, tax savings and flexibility
02/13/2012
Does that mean the public focus on income disparity generated by the Occupy Wall Street movement had an impact on these billionaires?
02/13/2012
HSBC private bank names new European head
He has left “to pursue other interests,” HSBC said. Lisa Baitup, a London-based spokeswoman for the bank
02/13/2012
Germany's oldest bank takes on London
Bolsters London Private Banking Team