Managers of Wealth

Singapore to outstrip Switzerland as wealth hub by 2020

The Lion City is the fastest growing wealth centre in the world, with the number of millionaires there having doubled in the past five years.

Barclays to shut wealth management services in 130 countries

“The wealth management landscape continues to evolve at pace,” Peter Horrell, Barclays chief executive officer of wealth and investment management, said in a statement.

StanChart pumps S$810k into Singapore rugby

SCB first came on board as a sponsor of the SRU in 1997.

Raymond James reports gains in private client arm

Although underwriting activity was soft in August, M&A posted strong results for the month. Fixed Income trading profits continued at a reasonable pace but commission volume remains challenged.

Leading Swiss private bank to exit wealth management for some countries

In other markets including Denmark and Israel, the bank will shut out less wealthy clients and focus on those with balances over 1 million francs, the paper said.

Report: 'Hidden income' makes China's rich wealthier than thought

The CSER surveyed 5,344 urban families in 18 Chinese provinces. The results suggest the top 10% of households earn nearly 21 times more than the poorest 10%.

Close Brothers adjusted operating profits up 24%

Also, the group delivered profit attributable to shareholders of 119.4 million pounds this year, up 20%, compared with 99.7 million pounds in the 2012 period.

Barclays unveils D2C Wealth Direct plans

The bank is hoping the proposition will go live in 18 to 24 months and it is set to pull together services across its business, ranging from investment, trading and banking.

Private Wealth Management Association launched in Hong Kong

The PWMA will provide a forum to discuss trends and challenges faced by the wealth management industry

Fixed income "saved wealth management" in Asia

Asia's wealthiest investors turned to fixed income when equities disappointed

Wealthy Asians snub bank capital bonds

Tougher lending policies are threatening to drive Asia's private-banking clients away from bank capital and towards corporate hybrids.

Private Banker International Announces 2013 Finalists for the Annual Global Wealth Awards

Private Banker International the leading journal for the global wealth management industry has announced the finalists for the 2013 Private Banker International Global Wealth Awards, held in conjunction with the 23rd Global Wealth Summit

Private banking hamstrung by people poaching

Private bankers may be targeting Asia's rising wealthy class, but a shortage of wealth managers has hobbled the industry's growth, spurring companies to poach employees.

Aberdeen Says Clients Pull $1.9 Billion From Its Funds

Aberdeen Asset Management said clients pulled 1.2 billion pounds from its funds in the two months to the end of August

Barclays’ wealth announces new CEO

He will report to CEO Antony Jenkins and takes on the mantle from former chief Tom Kalaris, who decided to retire earlier this year.

Bel Air Investment Advisors Expands Fixed Income Team

These additions will bolster Bel Air’s existing capabilities and position the firm to meet the growing fixed income needs from its client base across North America.

Charles Stanley boosts adviser focus

Charles Stanley currently has 30 regional offices across the UK and is set to open an office in Leicester at the end of the month after it poached 19 members of staff from rival Brewin Dolphin’s office in the city.

US private bank buys stake in NKSF

The financial terms were not disclosed

Net Worth Commerce TV Will Offer a Segment on Wealth Management Options

The Net Worth Commerce TV show is a viewer favorite among the financial and business sectors

Deutsche Asset & Wealth Management hires head of smart beta

The development of smart beta passive solutions and products is very much a natural evolution of the passive asset management business

Wealth and Asset Management