Managers of Wealth

Dimon widens gap with JPMorgan bankers as Wall Street pay slides

Dimon, 56, chief executive officer of the New York-based lender, was one of the few bank CEOs who avoided a pay cut for 2011.

Citigroup shareholders reject CEO pay

The shareholder vote, mandated by the "say on pay" legislation under the Dodd-Frank Act, was taken at the firm's annual meeting in Dallas.

BNP Paribas To Move London Wealth Business‎

Ludovic de Montille, UK chairman of BNP Paribas, said: “This long-term real estate strategy has been formulated to serve our needs in London and focusing our operations on these two campuses will allow for future growth, further improve our ability

Wealth management group increases discretionary funds to £3.5bn

As at 31 March, wealth management group Brooks MacDonald’s discretionary funds under management stood at £3.5bn, a significant increase over the first three months of the year haven risen from £3.2bn at the end of 2011.

International wealth management group recruits new MD from Noor Takaful

He joins from Noor Takaful where he headed Bancatakaful/ Bancassurance and Institutional Sales

Banks plot to sue EU over bonuses

Banks have hired lawyers to look into suing the EU if Brussels imposes new restrictions on bonuses that they say would wreck their businesses, City A.M. has learned.

State Street hit by rising cost of employees

STATE Street said yesterday that first-quarter profit fell 11 per cent as compensation and other employee benefits surged at nearly three times the pace of operating revenue.

EU to consider capping bankers' bonuses

The Financial Times reported that European parliamentarians are set to include the caps in its latest bank capital rules.

Credit Suisse managers won't vote on compensation

Chief Executive Officer Brady Dougan’s compensation was cut 55 percent in 2011 to 5.82 million francs ($6.3 million).

Emirates NBD offers value-packed mortgages to resident expatriates

Apart from the low interest rates, there are extensive savings possible, with 50 per cent discount on processing fees, free property valuation and free life, property and home contents insurance for the first year.

80pc of wealth firms to invest in operational infrastructure in 2013

Wealth Managers View Creating Efficiencies a Vital Part of Operational Philosophy

BMO Harris Private Banking Relocates its Montreal Office

Quebec's affluent market expected to increase significantly by 2018

US wealth management firm to go private

The proposed transaction is expected to close in the third quarter of 2012.

Saudi Oil-Led Growth Lures StanChart as Barclays Targets Wealthy

Bank lending to consumers and private businesses rose at the fastest pace since 2009 in February, helping boost first-quarter profits of the kingdom’s banks above analysts’ estimates.

Europe's old wealth seeks new home in Asia

These days, that Italian clan and other ultra-affluent families are moving assets to Singapore by setting up family offices in a city-state often touted as the Switzerland of Asia.

Former Spurs player sets up financial firm‎

HE made his name in Britain as a central defender for Tottenham Hotspur at the end of the 1990s.

Duke of Westminster’s Grosvenor Reports Record Earnings in 2011

Grosvenor Group Ltd., the property company owned by the Duke of Westminster’s family trusts, said earnings before items rose to a record last year as it increased rental income and cut expenses.

Private Banking May Have No Future, Vincenz Tells Schweizer Bank

An ageing population, low interest rates and volatile securities are all reasons for this trend, Vincenz said.

Joint Scholarships for Hong Kong Private Wealth Management Professionals

Fuelled by the rapid growth of the economies in the Greater China region, and the steady inflow of wealth from regional and global markets, the PWM industry in Hong Kong is enjoying a promising outlook as well.

Estate of the art

According to the Mei Moses World All Art index, investment grade art grew in value by 10.2 per cent in 2011, outperforming both the S&P 500 and the FTSE All Share total return indexes.

Wealth and Asset Management