Managers of Wealth

Central Bank issues warning about fake BNY Mellon business

The unauthorised entity has apparently cloned the name of the BNY Mellon business and has been operating illegally in the State for some time.

Credit Suisse Bonuses to Include Bonds That Can Be Wiped Out

A representative for Zurich-based Credit Suisse confirmed the memo’s contents.

What is the average price of wealth management deals?

This is the most authoritative look at consolidation activity in the global wealth space.

Swiss private banking firm launches a third, higher risk/return, ILS fund

The new cat bond fund will be managed by Zurich-based specialist ILS and reinsurance investment manager Twelve Capital.

British wealth manager stirs up storm with social media postings

I wish for nothing more than to be forgiven for my poor judgement

SJP chief lauds group's 'reassuring consistency' after record FUM

Elsewhere, the group said it had maintained a 95% client retention rate and, over the year, had grown adviser numbers almost 10% to 1,958.

Lombard Odier adds Deutsche’s former chief risk officer as new managing partner

The move represents a rare outside appointment at partner level for the private bank with $225 billion in client assets that traces its roots back to the late 18th century and is run in part by seventh-generation descendents of its founding families.

Brown Shipley enters race for Jupiter wealth arm

Brown Shipley has emerged as a potential buyer, a move that would bolster the private bank’s investment management operation in London.

Leading Asian financial services group in advanced talks to buy SocGen Asia private bank

It was unclear how much Southeast Asia's biggest lender would be willing to pay for the bank, but previous estimates from financial sources have valued it at between $300 million and $400 million.

Time for private banks to tap Gulf wealth?

Within the GCC, HNWIs are serviced by 61 private banks all located in Dubai, 31 of them international. There are an estimated 700 private bankers in the region.

UK's best portfolio managers rewarded at Portfolio Adviser Wealth Manager Awards 2014

Portfolio Adviser rewarded the UK's finest portfolio managers last night at its invitation-only Wealth Manager Awards held in London.

UBS’s Weber Says Board Backs Management on Investment Bank

UBS AG board supports the strategy of keeping the investment bank to help provide services needed by the company’s ultra-rich clients in wealth management

Wealth-X Presents 8 Predictions For The Chinese Lunar New Year Of The Horse

Wealth-X data shows that those born in the Horse year are the most highly educated among UHNW individuals, and donate more to education causes than any other zodiac sign.

UBS, the chairman’s daughter, and a row over bank connections

She may only be a junior banker but Joyce Wei has caused quite a stir in the past few days in the Hong Kong capital markets.

RC Brown launches Alpha service for Rowan Dartington recruits

Both will draw on eight portfolios across six risk profiles with two income options, investing in a mixture of direct and fund investments.

SEI appoints UK Managing Director of SEI Wealth Platform

Further Organizational Announcements Include Jim London’s Appointment to U.K. Chief Operating Officer; Ryan Hicke Returning to U.S. in Executive Position Supporting Private Banks Team

Raymond James Profit Rises 36%

Raymond James Financial Inc. said its fiscal first-quarter earnings rose 36% led by growth in its private client group and asset management segments.

Rothschild Completes €200m Fund Raising for First Oberon Credit Investment Fund

The Fund targets a 7-9% net IRR, via quarterly cash distributions, offering low volatility of returns and superior access to assets via a proven and highly respected Investment Adviser.

Wealth managers caution equities face setback despite clamour for risk

There appears to be a high level of complacency from investors

Close Brothers Asset Management announces sponsorship of National Family Business Day 2014

The National Family Business Day, launched by Family Business United is designed to recognise the invaluable contribution family businesses make to the British economy, a fact that has often gone unreported and under-appreciated.

Wealth and Asset Management