Managers of Wealth

German private banks build stake in Universal Investment

Private banks Berenberg Bank and Bankhaus Lampe have increased their stake in Germany's Universal Investment to 50%, in a vote of confidence in the fund platform model.

Liechtenstein to require LDF filers to deposit min amount in its banks

This new 20% minimum is believed to reflect some dissatisfaction on the part of Liechtenstein’s wealth management industry with the amount of permanent business it is retaining as a result of the LDF scheme, as many of those making disclosures are

Banker Bonuses at Risk as EU Lawmakers Fight Barnier Plans

Bankers are facing a backlash from EU lawmakers determined to cut variable pay as part of a quest to reshape lenders as utilities rather than money-making machines.

Who says that Picasso on the wall can't help earn its keep?

Earlier this month, UBS Wealth Management America unveiled to its brokers a plan to offer loans of up to US$150 million ($187 million) collateralised by works of art, rare musical instruments and fine silver.

Rich Men Still Control Household Investment Decisions

Much Of Disparity Likely Has To Do With Traditional Gender Norms

World's oldest bank posts 1.6B euro loss

The bank, which was founded in 1472, on Tuesday said in a statement that the bulk of the writedown was taken on its CGU Privati BMPS unit as well Banco Antonveneta, a 2007 acquisition analysts had deemed overpriced.

Sweetened ClearView bid a winner for Weiss

Weiss is understood to have been shopping the deal around for about a year, ever since he parted ways with GPG, the Ron Brierley-led corporate investment firm he ran for two decades.

Revenues soar at UK wealth management firm

Assets under administration and advice rose 31.3% to £3.02bn.

LGT more than doubles profits

In a challenging market environment, the international private banking and asset management company LGT Group increased group profit for the first six months of 2012 by a substantial 58% to CHF 130 million as against the same period of the previous year.

Top Wealth Managers Survey, Pt. 1: What Makes a Firm ‘Top’?

In the overview of our analysis of this year's Top Wealth Managers, insights into a changed industry

Private bankers and wealth managers are most in demand in Dubai

More than half of Dubai financial recruiters plan to hire more permanent staff before the end of the year - the second-highest percentage globally.

Liquidity fears haunt investment trusts

Investment trusts hope to see increased popularity once a ban on adviser commission comes into force next year, but perceptions of liquidity problems still plague the sector, say analysts.

IRESS Australia posts $25.8 million half-year profit

The financial markets division profit is down 4 per cent on the previous result, and the wealth management result is up 10 per cent compared to the first six months of 2011.

Opportunities abound for wealth managers in Asia

With the rising level of entrepreneurial wealth in Asia, it may be timely for these investors to note some of the recommendations and ask additional questions to the private banker of their choice.

Former Credit Suiss Banker Sells Exclusive Wines Online

But as Kevin Sidders, a former investment banker at Credit Suisse (CS) and Blue Beacon Capital, starts talking about his new business, VinConnect Inc., over our ceviche lunch in New York, I become seriously intrigued.

Valartis Group posts profit for the first-half of 2012 ‎

In addition to strict cost controls, the core of Valartis Group’s growth strategy going forward will be to increase the client assets under management in the Private Clients segment.

Credit Agricole sees Greek unit sale within weeks

Credit Agricole had said on August 9 it was assessing offers from Greek banks for Emporiki.

Scottish law firm strikes outsourcing deal with 7IM and European WM

Thorntons will have input on asset allocation across both services.

Charnock to front newly-created Standard Life adviser unit

In the UK the restructure will see the creation of an advisers and investments business unit made up of Standard’s existing retail adviser, proposition, wealth and investment solutions businesses, reporting into Richard Charnock.

Gold will extend a bull run - Coutts

Billionaire investors George Soros and John Paulson increased their stakes in the SPDR Gold Trust, the biggest gold-backed exchange-traded product, in the second quarter.

Wealth and Asset Management