Managers of Wealth

Swiss National Bank Expects CHF9 Billion Loss

The SNB said preliminary calculations indicated it made roughly CHF3 billion on foreign currency positions and another CHF3 billion profit from the sale of a fund that had held troubled assets of UBS AG.

Credo to offer new partner model for wealth managers

In the Autumn Statement, the government announced it would press ahead with a review of the taxation of partnership structures where corporate entities are set up to act as additional partners, and are generally taxed at lower rates than individuals.

Savills Selects Wealth-X As Global UHNW Intelligence Provider on High-End Property Business

Wealth-X announced today that it has been selected as a provider of global ultra high net worth (UHNW) intelligence for Savills’ high-end real estate business.

Guernsey trust, funds and corporate services makes another acquisition

This is the fourth acquisition for the Group since its management buyout in July 2012 and major rebrand in early 2013.

HSBC plans to give staff shares to avoid Brussels' new cap on bankers' bonuses

RBC nabs the Stovel Group, and $300 million in assets

RBC Dominion Securities, the retail brokerage arm of the Royal Bank of Canada, has emerged as the winner of the first major broker transfer of 2014.

Commerzbank sees opportunity to expand wealth management business

Commerzbank's wealth management business has about 70,000 customers

Private banking not so easy in Asia

Asia’s new wealth is illiquid and no great source of profit; Consolidation inevitable among private banks

Rothschild bankers made partners

The 202-year-old investment bank has set up a partnership for 48 of its most senior bankers as the final step of a drawn-out process to unite its French and British branches

Asset managers must stand up and be counted Richard Saunders

Asset managers should be adopting a simple New Year’s resolution for 2014. Speak up.

Falcon Private Bank to introduce its Hong Kong private banking business to EFG Bank

Swiss wealth management boutique Falcon Private Bank announced today that it has reached an agreement to introduce its clients and certain employees of its Hong Kong branch to EFG Bank, the Asia business of the international private banking group EFG Inte

LLB closes Swiss bank

The LLB Group has terminated Liechtensteinische Landesbank (Switzerland) Ltd.'s banking activities effective as of the end of 2013, as announced in March 2013.

Schroders set to unveil London relocation plans

The development is managed by Brookfield Office Properties and Oxford Properties in partnership with the City of London Corporation, which owns the freehold. The development is scheduled to be completed by late 2016.

FCA hires ex-Kleinwort Benson CEO as head of wealth management

He also previously worked at Merrill Lynch, SG Hambros, and Coutts.

Tetragon takes big stake in Ashcourt Rowan

Guernsey-domiciled hedge fund firm TFM - which hunts out opportunities in assets and asset classes in believe to be ‘superior’ based on their track record and expertise bought the stake though its Tetragon Financial Group Master fund

Goldman Sachs Raised 2012 Pay for Top U.K. Bankers as Rivals Cut

The largest U.S. banks reported their figures for 2012 as recently as this week under European disclosure rules that are part of a regulatory push to alter pay practices blamed for contributing to the 2008 financial crisis.

December PCI and Charity Estimates – Q4

The December and Q4 2013 performance estimates for the ARC Private Client Indices and ARC Charity Indices are now available.

Canadian-owned wealth management company reports asset growth of 20%

Assets under management grew by $15.2 billion or 20.1% during the year and by $1.3 billion or 1.4% in the month of December 2013.

How to Attract and Retain High New Worth Clients

He kept the clients who wanted a full suite of wealth management services. He moved the bulk of his book to other advisors.

Barclays chief Antony Jenkins defends 'controversial' bank bonuses

Antony Jenkins, chief executive of Barclays, has defended pay in the banking sector as he guest-edited the Today programme

Wealth and Asset Management