09/21/2011
A Banker’s Secret Wealth
Emilio Botín is a billionaire Spanish banker renowned for running a tight ship.
Wealth and Asset Management
09/21/2011
'Decamillionaires' on the rise in Asia as wealth shifts away from Western nations
ONCE, a million dollars easily bought entry into the ranks of the well-off.
09/21/2011
HK watchdog grants banking licence to Swiss PB
HK watchdog grants banking licence to Swiss lender
09/21/2011
Banking sector employment: A major issue
At the end of 2010, the banking sector employed 108,000 people in Switzerland, representing nearly 3.2% of the country's total workforce. If one includes independent asset managers and securities traders the figure tops 141,000 jobs.
09/21/2011
Partnership of independent wealth management firms invests in Colony Group
This is Focus’ fourth transaction in 2011; the partnership will become effective October 1, 2011. With its investment, Focus will grow to $45 billion in assets.
09/21/2011
Caution—Even at a Family Wealth Conference
At the Institutional Investor Family Office Wealth Conference, Laguna Beach:
09/21/2011
MDE Group spins off asset management business
The MDE Group, a US$1.3 billion wealth management firm, has spun off its asset management business to serve Registered Investment Advisors (RIAs) community
09/21/2011
Barclays out as Scottish Open sponsor
Barclays PLC said Tuesday its title sponsorship of the Scottish Open has ended after 10 years because of "market factors."
09/20/2011
Swiss wealth managers to improve efficiency and accountability in 2012, predicts Advent
Advent signed its first Swiss client in 1996 and opened an office in Zurich in 2000, coupling its world-class solutions with the team's local industry knowledge.
09/20/2011
UBS board to meet in Singapore to review $2.3bn loss
UBS AG (UBSN)’s directors will meet in Singapore this week following the disclosure of a $2.3 billion loss from unauthorized trading, according to two people with knowledge of the situation.
09/19/2011
Dawn of the wealth managers
Private bankers have set their sights on the region's growing cash pile. It's official: private bankers have flooded the region.
09/19/2011
UBS suspends global advertising campaign after $2bn fraud
UBS has suspended its global advertising campaign in the wake of the 2$ billion rogue trading at its investment bank in London, a press spokesman confirmed Sunday.
09/19/2011
MAMC named premier advisory firm by NABCAP
The NABCAP Premier Advisors list of 75 elite wealth management practices was published in the Sept. 16 edition of The Washington Business Journal.
09/19/2011
Private banks eye UBS's disgruntled rich clients
Private banks are hoping for a haul of new clients exiting Swiss giant UBS as its core wealth management arm reels from the reputational damage caused by a $2 billion rogue trader scandal at its London capital markets division.
09/19/2011
ING aims for top-three position in Dutch private-banking market
ING Groep NV, the biggest Dutch financial-services company, aims to move into the top three in wealth management in its home market after selling Asian and Swiss private-banking operations.
09/16/2011
Introducing the rising stars of wealth management
Wealth Manager introduces its inaugural top 30 under 30 report profiling the next generation of private client investment managers that are already making a name for themselves.
09/16/2011
Investec sees flat first-half profit
South African investment bank and asset manager Investec said on Thursday it expects flat first-half profit, hit by higher bad debts and weakness in its property and investment banking activities.
09/16/2011
Rathbones plans triple bond launch for ex RBC man
Rathbone Investment Management International is planning to launch three global fixed income strategies for Peter Lucas, who joined the group from RBC Wealth Management in July.
09/16/2011
Chase Private Client to open 7 NYC offices for affluent clients
By the end of 2011, Chase Private Client expects to have a presence in more than 250 locations, and by 2013, it anticipates a presence in almost 1,000 locations.
09/16/2011
China's Super Rich Look Abroad for a Secure Future
It’s a growing trend among China’s millionaires and billionaires.