Managers of Wealth

Private banks see AUM surge as Asian wealth keeps growing

In the meantime, Asia's powerful economies continued to churn out thousands of new millionaires.

Austrian Private Banking Market Consolidates

Austria continues to be an interesting growth market in private banking

DPZ Capital loses senior management less than 12 months in

DPZ Capital has lost half the senior management team

Wealth Manager signs strategic partnership agreement with IFA network and national 'ON Line Partnership Group'

Managed Portfolio suite available through national network for the very first time

EFG International reports significant improvement in performance in 2012

Excluding non-recurring expenses, underlying net profit was CHF 142.5 million, up 71%.

Standard Life Wealth acquires Newton's private client division

The transaction is expected to more than triple SLW's discretionary assets, creating a private client wealth manager in the UK with increased profitability, significant scale and market presence.

Singapore's United Overseas Bank Q4 net profit up 25 pct

"This set of results represents a very positive end to 2012. We achieved record profits, record fees and record contribution from our key regional markets," UOB's chief executive officer Wee Ee Cheong said in a statement on Wednesday.

Barclays Imposes £450m Libor Bonus Hit

The Libor-rigging fallout continues for Barclays as it prepares to impose penalties on some employees over the financial scandal.

Standard Chartered in talks to buy Morgan Stanley India wealth unit

The sale of the unit underscores a growing trend of consolidation in Asia's wealth management industry as private banks struggle to earn profits in the face of rising regulatory costs and wafer-thin advisory fees.

Swiss private bank eyes Saudi market as it seeks to expand

The wealth manager, which has CHF200bn in assets under management, is considering opening an office in the kingdom as it views to tap the growing pool of prospective wealthy clients

RBI Sets Guidelines For ‘Wannabe’ Private Banks Entering Indian Market

The new guidelines give confidence to non-banking corporates who may want to enter the market.

BOC sets sights on private banking expansion

It comes as BOC points to a trend of Chinese high-net-worth individuals switching from foreign private banks to domestic firms

Australian wealth management and accounting firm in merger talks

The acquisition would see it broaden its services to its clients, adding 55 advisers and accountants to the SFG network and a further $606 million in funds under management.

Brewins merges teams in research revamp

Research head Matthew Butcher said it would bring greater efficiencies and consistency to the group’s investment decisions.

Rathbones IM continues regional expansion

This new hub complements Rathbones’ established presence in Winchester and brings its total number of branches to 14 across the UK and Channel Islands.

Two prestigious awards for Nedbank Private Wealth

The awards presented recently to Nedbank Private Wealth were an outright win of the category Best Private Bank for High Net Worth Clients US$1m to US$10m, and an equal first for Relationship Management, both for the Jersey region, under the Global Award C

Wealth and Asset Management