09/03/2012
Zeno Staub, who was appointed chief executive of Vontobel in May 2011 and plans to revive the Swiss private bank’s earnings, is updating the group’s multi-asset capabilities to offer a broader range of investment styles as part of an overall r
09/03/2012
IAWMC is a specialist operations, systems and IT infrastructure consulting firm which has been established to provide management and IT consulting, interim management and recruitment services focussed solely on the needs of the Financial Services’ s
09/03/2012
By buying Bank Of America Merrill Lynch’s wealth management arm, Julius Baer has doubled its presence in Asia, but their new unit needs something of an overhaul if it is to become profitable
09/02/2012
The argument over capping bankers' pay is threatening EU efforts to implement the global bank rules known as "Basel III" by the January 2013 deadline.
09/02/2012
ANZ's goal is to become a "super-regional" bank in Asia—it owns a 20% stake in China's Shanghai Rural Commercial Bank, among other regional investments.
09/02/2012
Citi's sales to retail and HNW's up 80% YoY
Net sales of investment products by Citi to individual retail and high-net-worth clients around the region are up 80% year-on-year through July, with over $3 billion of net inflows, the firm says.
09/02/2012
According to the 2011 company accounts filed on Friday by the Bank of China UK: “Adverse developments at the bank’s private banking subsidiary in Geneva require the establishment of an impairment provision of £31.4m against this investme
09/02/2012
Hargreaves Lansdown founders Peter Hargreaves and Stephen Lansdown are set to receive a £40m dividend windfall as the company gets set to unveil its year end results this week.
09/02/2012
Wealthy expats in Asia are being targeted by banks rolling out exclusive credit cards offering high-end perks.
09/02/2012
Citibank first introduced its wealth management service in Korea with ‘Citigold’ brand to customers with 100 million won back in 1991."
08/30/2012
One of the advisers who does not cold call clients, Sarah Lord, wealth planning director for the Middle East and Asia at Killik & Co, said: “I am yet to come across any evidence to suggest that the Central Bank ruling has completely stopped cold
08/30/2012
Canada's biggest bank stumbled hardest, though the results included a C$29 million charge in the third quarter.
08/30/2012
The regulator issued on Thursday an alert about a firm offering investment advice and brokerage services under the names AW Associates, A Walker Associates and Andrew Walker Associates.
08/30/2012
So, in normal times, the Treasury jumps from a great height on anyone in government who speculates on tax policy.
08/30/2012
All jokes aside, could the board be considering a potential sale of Macquarie Private Wealth?
08/30/2012
Following the decision to drop its long-standing strapline, 'The World’s Local Bank' last year, HSBC has been moving to position itself as an authority on global trends, including through its 'In The Future' campaign, looking at
08/30/2012
Barclays has chosen the prestigious setting of this year’s Blair Castle International Horse Trials for the launch of its Female Client Group proposition in Scotland
08/30/2012
Higher costs plus the repatriation of client funds to onshore networks that generate lower fees are cutting profit margins at Swiss private banks, the biggest managers of offshore wealth.
08/29/2012
WEALTH manager Perpetual said the trend in net fund outflows continued to slow in the first two months of 2011-12, after funds under management fell 17 per cent last year.
08/29/2012
Royal Bank of Canada today reported record net income of $2,240 million for the quarter ended July 31, 2012, up $946 million or 73% from the prior year.