01/26/2014
Vistra Singapore wins 'Trust Company of the Year' Award
Vistra Singapore has received an award for 'Trust Company of the Year' at the Citywealth International Financial Centre Awards held on 23 January at the Grange City Hotel in London.
01/25/2014
Leading Swiss private bank increases assets under management by 10%
The increase in the operating result is attributable to net inflows of funds from private and institutional clients, as well as to sound asset management performances and to the effects of the post-acquisition synergies.
01/24/2014
The AIM-listed group said ‘strategic progress [was] made through both organic and acquisitive initiatives’ during the six months to December 31st 2013
01/24/2014
It expects asset management profits to increase 160 per cent to £10.4m for the year.
01/24/2014
Charles Stanley Group’s total client funds reached a record £20.1bn in the fourth quarter of 2013, up 9 per cent from £18.48bn the previous quarter.
01/24/2014
Standard Chartered boss says takeover talk is "rubbish"
Standard Chartered's chief executive said takeover talk that has resurfaced around his bank after recent problems is "rubbish" and the Asia-focused lender's prospects remain strong.
01/24/2014
The unauthorised entity has apparently cloned the name of the BNY Mellon business and has been operating illegally in the State for some time.
01/24/2014
A representative for Zurich-based Credit Suisse confirmed the memo’s contents.
01/24/2014
This is the most authoritative look at consolidation activity in the global wealth space.
01/23/2014
Swiss private banking firm launches a third, higher risk/return, ILS fund
The new cat bond fund will be managed by Zurich-based specialist ILS and reinsurance investment manager Twelve Capital.
01/23/2014
British wealth manager stirs up storm with social media postings
I wish for nothing more than to be forgiven for my poor judgement
01/23/2014
Elsewhere, the group said it had maintained a 95% client retention rate and, over the year, had grown adviser numbers almost 10% to 1,958.
01/23/2014
The move represents a rare outside appointment at partner level for the private bank with $225 billion in client assets that traces its roots back to the late 18th century and is run in part by seventh-generation descendents of its founding families.
01/23/2014
Brown Shipley has emerged as a potential buyer, a move that would bolster the private bank’s investment management operation in London.
01/22/2014
Leading Asian financial services group in advanced talks to buy SocGen Asia private bank
It was unclear how much Southeast Asia's biggest lender would be willing to pay for the bank, but previous estimates from financial sources have valued it at between $300 million and $400 million.
01/22/2014
Time for private banks to tap Gulf wealth?
Within the GCC, HNWIs are serviced by 61 private banks all located in Dubai, 31 of them international. There are an estimated 700 private bankers in the region.
01/22/2014
Portfolio Adviser rewarded the UK's finest portfolio managers last night at its invitation-only Wealth Manager Awards held in London.
01/22/2014
UBS AG board supports the strategy of keeping the investment bank to help provide services needed by the company’s ultra-rich clients in wealth management
01/22/2014
Wealth-X data shows that those born in the Horse year are the most highly educated among UHNW individuals, and donate more to education causes than any other zodiac sign.
01/22/2014
UBS, the chairman’s daughter, and a row over bank connections
She may only be a junior banker but Joyce Wei has caused quite a stir in the past few days in the Hong Kong capital markets.