Managers of Wealth

StanChart sees 25-30pc growth in pvt banking in 2012

The bank is looking at leveraging its corporate and SME (small and medium enterprise) clients to increase the private banking customer base.

Private client portfolios lost money during 2011

The most recent analysis that ARC has put together, for Q3 2011, described the period as “the worst quarterly PCI results yet recorded”, including 2008. Its full-year 2011 analysis is expected to be available in around six weeks’ time.

Switzerland’s oldest private bank says it is prepared for fight with US over tax cheating allegations

The bank says it never broke Swiss law during the period in question.

SocGen to replace private bank head

SocGen, France's second-listed bank, is cutting jobs, selling assets and overhauling management under Chief Executive Frederic Oudea as it seeks to restore investor confidence after a brutal 2011.

Will the 1st Indian billionaire sign giving pledge in 2012?

In India, the debate has moved from ‘Why should I give?’ to ‘Who should I give to?’ and ‘What should I give to?’

Asset managers hope that 2012 will be brighter year

The year was “nerve shredding,” says Michael McLintock, chief executive of M&G, the UK manager owned by Prudential.

Profitability ‘key challenge’ for asset managers, Deloitte

Accountancy firm says main challenge affecting investment managers’ profitability are “cautious clients”.

Nuveen Investments Completes Acquisition of 60% Stake in Gresham

Gresham joins Nuveen Investments' multi-boutique family of distinct and specialized asset management affiliates which includes Nuveen Asset Management, NWQ Investment Management, Santa Barbara Asset Management, Symphony Asset Management, Tradewinds G

Signia Wealth appoints Head of Investment Solutions

He joins Signia Wealth after spending over seven years at Société Générale Private Banking Hambros

‘Superyachts’ Set Sail for Singapore

First the F1 Grand Prix, then the new casino resorts with celebrity chefs and theme parks, and now superyachts – is this Monaco, or once-sleepy Singapore?

Swiss banker's wife breaks silence on trades

The wife of Switzerland’s central bank governor has accused critics of trying to destabilise the Swiss National Bank by focusing on her family’s private financial dealings.

How the wealthy give away their cash

Nine out of ten wealthy South Africans regularly donate money to worthy causes, and will continue to do so into the future.

Standard Chartered perfectly placed to weather the global economic crisis-Peter Sands

As the boss of an Asia-facing London-based bank booming in a global crisis, Peter Sands explains why the UK must follow Standard Chartered's lead.

ANZ set sights on EU banks' Asian assets

IN the countdown to the close of 2011, with European banks caught in an ugly pincer movement, ANZ Banking Group chief executive Mike Smith began knocking on some doors.

Swiss Private Bank Continues Business Disposal

The terms of the deal have not been disclosed.

New Hurdles Loom in Euro Crisis

Economic reports will shed light on the depth of the downturn in the euro zone, which accounts for about a fifth of world output. Ratings companies lurk in the background, having already put the euro zone on notice for possible downgrades if the crisis ro

Wealth and Asset Management