Managers of Wealth

Three Mindsets of the Millionaire Investor

The most aggressive millionaire investors have the most confidence in their knowledge of financial products and investing.

Ex-Barclays private bank boss joins Nikko AM as CEO exits

Meanwhile CEO Beazley, who is also the Japanese group’s president, will be replaced by former Nomura boss Takumi Shibata.

UBS plans to launch South West hub

The wealth management division’s team of private client specialists currently services the South West from its London office.

Fleming Family & Partners cautious on profit after strong year

Fleming Family & Partners chief executive Mark Davies has warned the firm is ‘unlikely to see a significant growth in profitability in the short term,’ despite posting strong full-year results.

European Wealth buys three funds from Hume Capital

The firm has acquired the Hume International Bond fund, which will be renamed the European Wealth Sterling Bond fund, and the Hume Global Opportunities and Hume European Opportunities equity funds, expanding its presence in retail fund management

UBS sees recruitment pay off in the fourth quarter

With a year-end windfall of veteran advisers, the firm topped off a year of big gains

Ex-Lehman wealth adviser can keep $1.8 million in bonus money - panel

Signing bonuses, often referred to as 'employee forgivable loans' are paid by firms to brokers and other licensed securities professionals up front and structured as loans forgiven over time, typically a seven-to-10-year period.

Rathbones boosts AUM to £22bn

Funds managed by Rathbones increased 21 per cent to £20bn during the quarter, increasing from £16.7bn in Q4 2012.

Supercomputer Watson is newest wealth management expert

The supercomputer that took on human competitors in the American gameshow Jeopardy has found a new job: as DBS Bank's wealth management expert.

Wealth manager continues expansion drive

The firm has been on an acquisition spree over the last few years, targeting professional services firms.

UBS Weighing Spinoff of Investment Bank, Mediobanca Says

Days later, Switzerland’s finance minister said current leverage ratios are too low and banks may have to consider whether to keep securities businesses.

Insight: Credit Suisse sticks with money-losing U.S. brokerage

Credit Suisse Group AG is betting it can turn around its unprofitable U.S. private wealth business with new loan products and a focus on the ultra-rich, a strategy greeted with skepticism by some securities analysts and former officials at the bank.

Credit Suisse steps up efforts to offload risky investment bank assets

Credit Suisse is stepping up efforts to scale back riskier fixed income areas squeezed by strict new regulation, it said on Tuesday.

Wealth seen as chief gauge of success in China: survey

Over 70% of people in China use wealth as the main gauge of success, double the world average

SA at top of wealth list for Africa, Zimbabwe near bottom

Zimbabweans are among the poorest people in Africa, with the country’s controversial indigenisation laws expected to further erode their wealth

Standard Chartered hires senior private banker for Africa

Standard Chartered have announced the appointment of John Lee as Executive Director for West Africa in its Private Bank.

Coutts appoints new Head of Intermediaries

He will be based in London and is responsible for all business development activity via intermediaries, to include lawyers, accountants, IFAs, consulting firms and mortgage brokers.

Swiss & Global Launches China Evolution Fund

Launched in December 2013, the JB China Evolution fund is Luxembourg-domiciled Sicav and will have 30-50 holdings that will benefit from Chinese economic reforms.

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.

Wealth and Asset Management