Managers of Wealth

UAE Expat finances 'dramatically' better

UAE ranked ranked ahead of Singapore and Hong Kong

RBS bankers to get most of bonus within four months

Investment bankers working for Royal Bank of Scotland will receive much of their annual bonuses for 2011 within four months.

BBVA to open Representative Office in the Middle East

BBVA has obtained authorization from the Central Bank of UAE to open a Representative Office in Abu Dhabi to provide support for the bank’s large customers and institutional clients.

Union Bancaire Privee swoops for hedge fund

UBP has been a pioneer in the alternative investment industry since the 1970s and launched its first fund of hedge funds in 1986.

Sex, money and the myth of ‘grumpy old men’

Money matters more to women than men, with the latter being more interested in sex, according to new research

Ex-Adam boss to spearhead Thomas Miller launch

Adam & Company’s former head of investment management has decided to leave the firm to launch a private client division for Thomas Miller Investment

China Construction Bank Keen On Buying European Private Bank

The state-run Chinese bank has been in talks with a couple of European banks on the issue, Zhu told the paper in an interview.

Have We Turned the Confidence Corner? Millionaires Think So

The SMICI, which measures monthly the confidence level of financial decision-makers in households that have $500,000 or more in investable assets, rose 6 points in February to a positive 4, which Spectrem said was its highest level since May 2011.

RBC raises dividend as profit tops estimates‎

Royal Bank of Canada's quarterly earnings fell 6 percent as a drop in capital markets profit overshadowed strong retail lending, but the company also announced a surprise dividend increase.

Rothschild further expands its international wealth management business in Zurich

He spent 16 years at Morgan Stanley & Co. International Ltd in London where he was instrumental in building the Private Wealth business for ultra high net worth individuals in Continental Europe.

UK private bank appoints Head of Legal Affairs

Until the end of 2011 he was a partner in London in the corporate group at Simmons & Simmons

Liverpool wealth fund manager forges links with London Embassy

The office also currently doubles up as the company’s central headquarters for its outsourced PA team.

FSA to restrict wealth manager fees on distributor influenced funds

Finalised guidance by the Financial Services Authority (FSA) said firms running DIFs will no longer be able to receive a share of the annual management charge (AMC) or any benefit other than an adviser charge.

The Most Philanthropic Companies On Wall Street

Although major banking corporation Goldman Sachs has come under increasing fire for slashing its philanthropic donations significantly in 2011, it should be remembered that the firm has stood as one of the leading lights in charitable giving over recent y

EFG International - well positioned in a changing private banking market - CEO

Now the focus is on demonstrating that we can convert these strengths into a level of profitability that adequately reflects EFG International’s scale, revenue base and natural growth potential.”

Standard Chartered in good shape after another record year ‎

Standard Chartered, the emerging markets lender focused on Asia, reported its ninth consecutive year of record earnings, with pre-tax profits rising 11pc to $6.8bn.

Osborne plans new tax avoidance law

A new law against corporate tax avoidance will be announced in George Osborne's budget next month, the Guardian reports.

Corporate arts philanthropy drops 7% in a year

Donations by businesses to arts organisations are at a lower level than in 2004/05, but individual gifts are up, figures reveal

Rich Indians among top philanthropists

Indian philanthropy suffers from some redundancy, the study found, with most philanthropists preferring to set up programmes through their own foundations, rather than investing in pre-existing non-governmental organizations, or programmes already in pla

HSBC private bank scaling down in MidEast

The private bank has shrunk the number of relationship managers to around 10 from 50-60 at its peak 18 months ago, one banking source familiar with the matter said.

Wealth and Asset Management