Managers of Wealth

Kleinwort Benson rationalises multi-jurisdiction global fund range

The merger allows for a consistent investment process aimed at enhancing returns while minimising risk, the company stated.

Chinese wealth management products threaten banks' liquidity

The increasing popularity of wealth management products in China has the potential to reduce banks' deposits and destabilize the banking system more generally, says CreditSights.

Aussie banks grateful for wealth management income

"From the perspective of asset quality, the best point in the credit cycle is now behind Australian banks," said Fitch Ratings.

BNP Paribas doubles third-quarter profit, boosts capital

BNP Paribas doubled third-quarter net profit on the back of a bond-trading rebound and a drop in euro zone losses, helping it meet balance-sheet targets ahead of schedule despite the economic slowdown.

ING Q3 profit falls

ING Group's 3Q12 net result was EUR 609 million, or EUR 0.16 per share, including divestments and special items.

Rathbones acquires Taylor Young IM's wealth business

TYIM funds under management were £337 million at 2 November 2012 and Rathbones expects to pay a total of up to £10million for the firm.

Funds under management rise at Old Mutual

Funds under management in core operations up 4% to £263.3 billion

Leading global financial services firm selling its Indian private bank

Wealth management platforms are usually sold for about 2 to 3 per cent of the assets under management, although the sources said it was not yet clear what price tag the unit could fetch.

Skandia platform assets hit £21.8bn despite sales drop

Skandia, which has since begun to rebrand as Old Mutual Wealth, saw UK platform gross sales of £900 million, down from £1.2 billion in the third quarter of 2011.

Wealth Management Reigns Supreme at UBS

CEO of UBS Group Americas and the head of Wealth Management Americas, held a quarterly conference call yesterday with wealth management employees to brief them on the direction of the unit.

Swiss Private Bank opens ME office

The bank is one of the oldest Swiss Private Bank authorized by FINMA

Swiss bank joins emirate to manage assets

The Doha-based business of the joint venture will be licensed and regulated by the Qatar Financial Centre.

Rietumu Bank awarded prestigious Russia Wealth Management award

The award was granted in the category 'Best Bank in the CIS and Baltic States providing private banking services and wealth management for Russian customers'.

UK Royal Mint Plans To Offer Gold Bullion Storage

Britain’s Royal Mint’s announcement is on the heels of Barclays Plc expansion into opening a precious metals vault for its customers in September and Deutsche Bank will follow suit in March.

Ex-Brewin duo to launch Rathbone Lymington branch

The pair are currently working in Rathbones’ Winchester office, but will set up their own branch in Lymington before the end of the year.

AWD starts recruitment drive

The firm currently has 114 paraplanners and support staff and is looking to add another 20 across the UK.

Global Wealth 2012, Highs and Lows of World Salaries

Last year, the smallest wages in Europe were paid in Ukraine, Moldova and Albania.

Christie's to auction S'pore artists' works

Some of the paintings feature scenes of Singapore from a time long gone

First Republic buys Los Angeles wealth management firm

Luminous, with $5.5 billion in assets under management, is a good fit with First Republic Investment Management Inc., a unit of First Republic

UBS Targeting Better Returns from Wealth Management

Previous pretax profits from the bank's activities in wealth management, retail and corporate banking businesses are estimated to have been around CHF5 billion per year, the paper said.

Wealth and Asset Management