04/16/2012

AES International Launches UK-style Adviser Proposition in the UAE

In contrast to many international companies both propositions offer full transparency regarding gross commissions; and advisers have guaranteed ownership of their client banks, an exit strategy and the freedom to build their business within a tried and tr

04/16/2012

Swiss wealth management boutique celebrates

The representative office has focused on developing its client base and introducing the benefits of Swiss private banking and the Bank's cutting-edge financial solutions to high net worth individuals in the UAE.

04/16/2012

One fifth of rich want to flee Britain ‎

One in five Britons with more than £250,000 in savings are thinking of living abroad because they are tired of crime, poor weather and the high cost of living, the wealth management arm of Lloyds Banking Group said on Monday.

04/16/2012

French Private Bank Sponsors Indian Golf Champion

Renewing these partnerships enables Societe Generale Private Banking to offer its private clients the opportunity to play with top-level golfers through an exclusive events programme organised around this sport throughout the world.

04/16/2012

China’s new wealthy take tips from the West

China’s new wealthy take tips from the West Wealthy Asians in China and elsewhere are recognising the need to properly manage and pass on their money, and are receiving advice from Western families, notes Scorpio Partnership.

04/16/2012

Citigroup first quarter profit falls

Citigroup Inc reported a lower first-quarter profit on Monday as the bank worked to contain expenses in the face of volatile capital markets and the need to finish overhauling its business portfolio after the financial crisis.

04/13/2012

RBC ready to pounce on Asian opportunities

Royal Bank of Canada has its sights set on expansion in Asia, with an eye to building its wealth management business to take advantage of China’s rising prosperity.

04/13/2012

Bank of Montreal aims to firm its clout with rich

CTC will become part of the bank's Harris myCFO unit, its wealth- management arm for ultra-affluent families in the U.S. with at least $25 million to invest. The deal is expected to close during the calendar second quarter of this year.

04/13/2012

Guggenheim UBS MAP Global Art Initiative

The Guggenheim will invite one curator from each of the regions to participate in overlapping two-year residencies in New York, during which they will work in concert with the Guggenheim staff to identify new and recent artworks that reflect a range of ea

04/13/2012

Middle Eastern Billionaires and Family Ties

Billionaires in the Middle East have one of the highest rates of family involvement, 62%, in the whole world. Only India has a higher rate of family involvement.

04/13/2012

Cameron suggests UK charity tax changes may be watered down

Cameron said this week he’s ready to be the first British premier to publish his tax returns, according to a person close to him, as he seeks to defuse accusations that he’ll benefit personally from a cut in the top rate of income tax next yea

04/13/2012

Citi woos the urban middle class

According to estimates, this customer base is largely urban, tech-savvy and uses a host of services other than the traditional banking tools.

04/13/2012

ANZ culls wealth management team

"The changes in our Wealth business are in response to a challenging environment which has emerged in recent years," the spokesperson said.