10/23/2012
Rathbone funds edge up to £17.3bn
The total annualised rate of net inflows of 5.5% (2011: 8.2%) in Rathbone Investment Management for the nine months ended 30 September 2012
Wealth and Asset Management
10/23/2012
Citi overtook UBS, as private banks' Asia assets fell in 2011
Citigroup overtook UBS AG to become the top private bank in the Asia-Pacific last year when assets managed by the industry fell, industry publication Private Banker International said on Wednesday.
10/23/2012
AuMs flatline amongst Asia’s Top 20
The combined AuM of the Top 20 slipped from $1,105bn to $1,099bn
10/23/2012
Swiss private bank planning to begin operations in the Israeli market
The bank, which manages $400 billion in assets, is working to obtain the necessary permits from Israeli regulators in order to launch operations.
10/23/2012
Barclays, HSBC Top Greenwich Poll of Structured Product Leaders
Amid Softening Retail Demand, Barclays Claims Top Spot in Europe, While HSBC, J.P. Morgan and Barclays Lead in the U.S.
10/23/2012
Optimism up for America's affluent - RESEARCH
America's affluent have grown considerably more optimistic in their assessments of the U.S. economy and their own investment prospects although there is anxiety over the global economy, according to survey findings by PNC Wealth Management, a member
10/23/2012
Hargreaves chief picks up £1.2m bonus
The company saw pre-tax profits increase to £152.8m for the year to 30 June, compared with £126m during the prior year.
10/23/2012
Italy's Banca Leonardo set private banking targets for 2012
"Our aim is to recruit professionals with strong experience, who share our vision of the business."
10/22/2012
Prince Alwaleed Praises Pandit for Citigroup Crisis Handling
“Citigroup never blinked on that. It’s the only global bank at the moment and really the potential is there,”
10/22/2012
Growing popularity of wealth management products in China
More Chinese consumers are turning to WMPs because they provide better returns compared to bank deposits - without the risk of equity investments.
10/22/2012
Independent asset managers are gaining in importance in Germany's private wealth management market
IAMs first became a recognized profession in 1998.
10/22/2012
WH Ireland paves way for dividend in balance sheet overhaul
WH Ireland has opened the possibility of rewarding investors with a dividend in a proposed overhaul of its balance sheet.
10/22/2012
EFG launches low-cost portfolio service for advisers
EFG Harris Allday has launched a low-cost model portfolio service to cater for IFAs’ demand for multi-asset funds with lower charges.
10/22/2012
Wealthy Americans Are Bailing Out Of Hedge Funds
Global assets in hedge funds now top $2 trillion, far more than the $200 billion or so run in the mid-1990s.
10/22/2012
Major UK Wealth Firms In Merger Talks
"Culturally and geographically, this transaction is as good a fit as you will find in private client management," a source close to the deal said.
10/21/2012
German Bank uses art installation to display its annual report!
You know a bank is trendy when it skips the boring and extremely dull paper-based annual reports
10/21/2012
HSBC puts £400m +++ worldwide advertising business up for review
HSBC's brand is one of the great success stories of modern marketing, according to HSBC themselves .
10/21/2012
Swiss private bank to beef up as it eyes growing rich in Asia
The Asia-Pacific head for Wealth Management, said the bank gained its full banking licence last month.
10/21/2012
Bank of Singapore out to exploit mainland wealth to double portfolio
Bank of Singapore eyes rising affluence in China to double the amount under its care
10/21/2012
Number of wealthy in SA up 31%, says report
DESPITE economic uncertainty, the number of wealthy people in South Africa is rising by as much as 31%