Managers of Wealth

Liquidity fears haunt investment trusts

Investment trusts hope to see increased popularity once a ban on adviser commission comes into force next year, but perceptions of liquidity problems still plague the sector, say analysts.

IRESS Australia posts $25.8 million half-year profit

The financial markets division profit is down 4 per cent on the previous result, and the wealth management result is up 10 per cent compared to the first six months of 2011.

Opportunities abound for wealth managers in Asia

With the rising level of entrepreneurial wealth in Asia, it may be timely for these investors to note some of the recommendations and ask additional questions to the private banker of their choice.

Former Credit Suiss Banker Sells Exclusive Wines Online

But as Kevin Sidders, a former investment banker at Credit Suisse (CS) and Blue Beacon Capital, starts talking about his new business, VinConnect Inc., over our ceviche lunch in New York, I become seriously intrigued.

Valartis Group posts profit for the first-half of 2012 ‎

In addition to strict cost controls, the core of Valartis Group’s growth strategy going forward will be to increase the client assets under management in the Private Clients segment.

Credit Agricole sees Greek unit sale within weeks

Credit Agricole had said on August 9 it was assessing offers from Greek banks for Emporiki.

Scottish law firm strikes outsourcing deal with 7IM and European WM

Thorntons will have input on asset allocation across both services.

Charnock to front newly-created Standard Life adviser unit

In the UK the restructure will see the creation of an advisers and investments business unit made up of Standard’s existing retail adviser, proposition, wealth and investment solutions businesses, reporting into Richard Charnock.

Gold will extend a bull run - Coutts

Billionaire investors George Soros and John Paulson increased their stakes in the SPDR Gold Trust, the biggest gold-backed exchange-traded product, in the second quarter.

One Of The Largest Swiss Banks Just Confirmed Client Data Was Stolen

According to the SonntagsZeitung, the stolen data on clients found its way into the hands of tax investigators in the German state of North Rhine Westphalia, with the thief paid an undisclosed sum.

Data protection watchdog supports bank staff

Switzerland’s data protection commissioner has waded into the United States tax evasion row by demanding that banks stop handing over information to the US authorities that reveal the identity of staff.

Sharjah Islamic Bank honors winners of Seven Star award

The award, the first of its kind in the UAE banking sector

Emirates NBD wins Asia's Best Brand award

'Asia's Best Brand,' award is conferred on manufacturers and companies of outstanding consumer products and focuses on the company brands and trademarks.

Bank of Ireland Private Banking launches new global equity investment fund

Targeted at the bank's existing and new private client investors, the fund, which will be managed by Leona Nicholson, is made up of 65 global equities.

Deutsche Bank turns screw on bonuses‎

Pay consultants expect the use of clawbacks to rise sharply this year following a string of recent banking scandals, including the manipulation of Libor and anti-money laundering failures.

Wealthy French expats are struggling to afford the desirable 'golden square' addresses

Hideously diverse Britain: a postcode problem for Parisians in London

Middle-class income and wealth fell in last 10 years, survey shows

About 85% of middle-class people say it’s tougher now than a decade ago to maintain their living standards, according to the Pew Research Center report.

Coutts Sells Emerging-Market Bonds, U.S. Shares After Rallies

That’s the biggest outperformance since 1998, according to data compiled by Bloomberg.

Ucis clampdown: what it means for wealth managers

The rules would apply to advisers rather than discretionary managers, while sophisticated investors and high net worth individuals would be exempt from the restrictions.

Meet The CEOs Of Africa’s Top 5 Banks

Maree, 53, is a former Rhodes scholar and the CEO of the Standard Bank Group, Africa’s largest financial services conglomerate.

Wealth and Asset Management