Managers of Wealth

Lloyds private bank merges ultra and HNW units

Lloyds TSB Private Banking has streamlined its high and ultra-high net worth private client divisions by merging the two departments into a single unit.

Credit Suisse makes senior management changes

Credit Suisse today ( May 11) announced the following changes to its Executive Board, effective May 31, 2012.Credit Suisse today ( May 11) announced the following changes to its Executive Board, effective May 31, 2012.

Wealth group looks to U.S. and frontier markets as portfolio recommendations

Portfolio Team Continues to Recommend Munis; Favors U.S. Large Cap Equities and Frontier Market Exposure vs. Developed European Stocks

Top 21pc of bankers make up 46pc of Merrill's earnings

Nearly 46 per cent of the revenue received by Merrill Lynch's Global Wealth Management unit last year came from just 21 per cent of its top-producing brokers, about 2,500 people, according to copies of the reports reviewed by Reuters.

Rathbone Brothers Reports Rise In Q1 Net Operating Incom

The independent provider of personalized investment and wealth management services stated that net operating income in Investment Management increased 11.8 percent year-over-year during the first quarter to 37.9 million pounds from 33.9 million pounds rep

Barclays Swiss Bank’s Loss Widens as Expenses Increase

Barclays’s Swiss private bank reported a second consecutive annual loss last year as fee and commission income declined.

HSBC In Talks To Sell South American Operations

The U.K.-based bank didn't elaborate on the talks or give financial details in a brief statement to the Hong Kong stock exchange, but said it will make a further announcement "if and when appropriate."

Noah Holdings reports 10.8% increase in revenue

Noah Holdings Limited, the leading independent service provider focusing on distributing wealth management products to the high net worth population in China, today announced its unaudited financial results for the first quarter of 2012.

Stifel Global Wealth Management division reports strong first-quarter

Stifel Financial Corp.'s first quarter profit increased 11 percent in the first quarter.

Wealth chiefs demand greater FSCS levy transparency

Wealth management chiefs have hit out at the lack of transparency over how the Financial Services Compensation Scheme arrived at its £265 million levy for 2012 and 2013.

Van Lanschot reports profit improvement in Q1 2012 ‎

Constant Korthout, CFRO of Van Lanschot: "The excellent capital and liquidity position of the bank reflects its undiminished strong foundations. The financial markets remain extremely volatile due in part to the ongoing European debt crisis. Thanks t

Axa Wealth teams up with Ashcourt Rowan ‎

Ashcourt Rowan has made its discretionary fund management services available on Axa Wealth’s Elevate platform.

Fidelity launches new products for HNW's

Fidelity Investments Canada ULC today announced the launch of three new investment solutions, spanning fixed income, capital yield and Canadian equity categories.

Shipman Financial acquires rival IFA‎

The latest deal was prompted by the retirement of co-founder John Pratt

AFH launches wealth management venture ‎

The JV enables AFH to access the influential South Wales market and grow the new brand quickly and efficiently.

Philanthropy: Rich seek better guidance on how to give away cash

In less than a decade, philanthropy offices have become an integral part of the world’s largest private banks and wealth management providers.

Private investment banking overshadows asset management

That is the view of Francesco de Ferrari, Asia-Pacific head of private banking for Credit Suisse, who is faced with tripling the size of the business in a testing climate and a competitive landscape.

Warren Buffett Calls for 90% Billionaire Wealth Tax (Satire)

Buffett and Munger have avoided paying taxes by keeping much of their wealth tied up in unsold Berkshire Hathaway shares that have risen in value and made them wealthy men.

Moscow Is The Home For The Super Rich?

What makes this even more astonishing is that there will be even more billionaires living in Russia in the very near future. Last year, there were only 32 billionaires and 62 almost-billionaires.

Oppenheim expands asset management team

As Dr Wolfgang Leoni, member of Sal. Oppenheim's Executive Board and Chief Investment Officer responsible for the bank's investment strategy, explained, “These two experienced experts represent a logical development of our integrated asset

Wealth and Asset Management