Managers of Wealth

First firms complete Axa Wealth transition programme

This will be achieved through combining global best practice within the firms with peer interaction that can be used to future-proof the organisation.

Rich Malaysians grow wealth aggressively

A study covering nine Asian markets described rich Malaysians as ambitious and aggressive in growing their wealth, with 75% aiming to be worth about US$4mil (RM12mil) within the next 10 years.

Coutts undergoes major restructure for RDR

‘Reshaping of the UK business progressed to the next phase with the restructure of key professionals in client servicing,' RBS said.

Arts attract philanthropic funds

Funds for projects ranging from direct support of artists to acquisition of works and related community development projects accounted for $5.28 million of the $23.2 million in grants to organisations from clients of the multi-family office last year.

Swiss private bank said to be up for sale

He said the group was in advanced negotiations with two financial institutions from the Gulf and one from Britain.

Capgemini and RBC Wealth Management to Partner on Leading Annual World Wealth Reports

The annual World Wealth Report and the Asia-Pacific Wealth Report are the global benchmarks for tracking HNWIs and cover HNWI market sizing with a review of global economic drivers, HNWI investing behaviors and asset performance trends.

Chilton Trust Company Receives Approval To Exercise Trust Powers

Independent Directors William Boardman, Porter Goss and James Hawkes Join-

Schroders posts Q1 net inflows, rising AUM

Blue chip investment manager Schroders reported first-quarter profits slightly above expectations as net flows from institutional investors buoyed assets under management.

St James's Place hits record £31bn in funds ‎

St James’s Place has reported a 9 per cent increase in funds under management for the first three months of the year from £28.5bn to £31bn.

Brown Shipley in triple hire for south Asian service launch

Brown Shipley has launched a private banking service catering exclusively for South Asian customers living in the UK and abroad.

Wealth-X Releases Latest Indonesian UHNW Figures

Wealth-X, the global UHNW prospecting, intelligence and wealth due diligence firm, has released a report on the UHNW population in Indonesia at an event in Jakarta.

UBS faces pay backlash as Weber becomes chairman

Brigitta Moser-Harder, a small investor, told Reuters on the sidelines of the meeting attended by around 3,400 shareholders.

Roger Federer, Swiss Banking Will Both Come Back

Federer is now ranked as only the third-best player in the world, and Switzerland’s bank-secrecy laws are cracking under the weight of pressure from abroad.

Bankers find it tough to tap Gulf region’s wealth

Mr. Swats hopes it will tap into fast-growing demand from Middle Eastern and Asian investors for sukuk, securities that comply with Islamic law.

TD Bank aims to attract rich U.S. clients

TD has about 100 face-to-face advisers in the U.S., but that "will multiply" over the next three-to-four years, Mike Pedersen, group head of TD's wealth and insurance business, said in an interview last week.

Barclays won’t let pay row deflect it from broader goal

Some say the bank will bottle it as costs get out of control; others say that franchises have already been built up so solidly by rivals that it is virtually impossible to break in.

UBS Wealth Management pre-tax profit up 70%

Net new money inflows in the wealth management businesses more than doubled to CHF 10.9 billion.

Standard Chartered posts high single-digit Q1 income growth

Standard Chartered said on Wednesday its first-quarter income grew less than its previous 10 per cent target, as the strength of the US dollar against Asian currencies impacted income growth.

Barclays Appoints Director, UK Charities Investment Management ‎

joins Barclays after 12 years at Coutts & Co. where he was responsible for establishing and managing the Charity Investment Team.

Wealth tax could cause exodus from France to London

It is less than a week to go until the election, and one of Hollande’s proposals is more tax on annual incomes over one million euros.

Wealth and Asset Management