Managers of Wealth

Kaven Leung outlines strategy shift at Julius Baer

He says private banks will win the race for Asia's wealth and explains how he intends to go about it. He talks about his time at Goldman, and what asset managers must do.

BofA-ML's Indian wealth management unit on sale

Last month, the company had put its non-US wealth division up for sale

Bahraini female pride: Which Arab women made Forbes' list?

It initially had a total of 219 women, who were shortlisted to 100, according to a statement issued by Forbes. It lists 29 women from the banking sector, 18 from manufacturing, 16 in investment, 14 from services with the insurance sector having eight.

Few women make it to the top despite Asia's wealth

Yet few women in Asia make it to the top. Social norms undervalue girls and women, with sex-selection abortions resulting in some 1.3 million girls per year not being born in China and India alone.

Andrew A. Arons Selected For "New Jersey 2012 Select Wealth Managers"

Andrew is the founder and managing partner of Synergy Advisory Management Group. The firm specializes in retirement planning and wealth management.

No Country for Rich Men

Saverin has plenty of company. The number of Americans who formally renounced their U.S. citizenship soared to 1,780 last year from 235 in 2008.

Mitt Romney would be the wealthiest president ever, Forbes calculates

Mr. and Mrs. Romney fall into the latter category, making them close to quarter-billionaires.

Countrywide set to launch IFA consolidator in July

Bellpenny will use a business model based on acquiring existing IFA firms and asset aggregation and will offer restricted advice.

Coutts cuts 20% of front office in RDR restructure

Up to 20% of Coutts’ front line staff are facing redundancy, following the bank’s decision to place a greater emphasis on wealth management in the run-up to the retail distribution review (RDR), Wealth Manager can reveal.

Former Close team launches fund duo for new boutique

The business is a property and tax planning investment manager, that will focus its sales through intermediary channels.

Caple Banks Wealth Management branches out into Gloucester

Bristol-based Caple Banks Wealth Management has opened an office in nearby Gloucester in a bid to grow its professional connections in the city.

Bank Of Montreal Looks To Singapore For Wealth Operations

The number of centa-millionaires - those with at least $100 million to invest - is expected to increase by 67% over the next four years in Singapore, according to The Wealth Report 2012 by Knight Frank and Citi Private Bank.

Hong Kong: The Most Business-Friendly City in the World

You get what you pay for, perhaps. Just this week, the Hong Kong government announced a round of pay raises for the government, increasing its chief executive's annual salary to a smooth $622,000.

Are wealth firms sacrificing client relationships?

Research from consultancy MDRC certainly suggests this, with satisfaction among advisory clients outpacing that of discretionary clients in 2011.

FSA crackdown on Ucis to hit private wealth management hardest

The UK Financial Services Authority's (FSA) draft of new regulations preventing unregulated collective investment schemes (Ucis) being marketed to retail investors will have most impact on the UK private wealth management sector, according to market

Ultra-Wealthy Will Transfer $27 Trillion by 2050

Most next-generation respondents (79%) consider “being a good steward” of their families’ wealth very important, and the survey found many wished for more involvement.

The United Arab Emirates -- a Fertile Frontier for Financial Women

In Dubai alone, there is Huda Ali Redha Al-Lawati, a principal at Abraaj Capital, the region's largest private equity firm, and Hoda Abou-Jamra, a founding partner of a $40 million health care fund.

Singapore 'should nurture wealth creators, not just wealth managers'

Speaking to a group of around 250 engineering students, academics and industry representatives at NUS Engineering Auditorium, Mr Ngiam was asked during the one-hour dialogue why Singapore could not possess both wealth creators and wealth managers.

HSBC says it's already cut $2 billion in costs

The integration of its four pillar businesses has delivered US$500 million of additional revenue, the bank said, adding a further US$1.5 billion in revenue is expected in the short- to medium-term.

RBC, Credit Suisse among bidders for BofA wealth units

The deal would be the biggest in the wealth management industry since ING Group sold its private banking assets in Europe and Asia in 2010

Wealth and Asset Management