Managers of Wealth

Protecting Private Wealth from Europe to the Far East ...

As the world becomes increasingly interconnected, death and taxes (according to Benjamin Franklin) remain certaines in an uncertain economic landscape.

Close Brothers Asset Management launches Master Trust to support SMEs

Close Brothers Asset Management has launched a multi-employer master trust, known as YourWorkplacePension, to support SMEs approaching their auto enrolment staging dates.

Mexico’s Comerci Said to Seek Buyer With Rothschild as Adviser

Controladora Comercial Mexicana SAB, owner of almost 300 supermarkets and restaurants, has put itself up for sale and is asking potential buyers to submit offers

Julius Baer now has 25% of CHF254 billion group assets in Asia

Globally, the bank has also transferred 365 private bankers during the year and now has a total of 1,197 relationship managers. In Hong Kong and Singapore, a total of 489 staff was transferred, of which 139 were private bankers.

WMA hires Barclays Wealth Direct head

The WMA is headed by Tim May

Asians Looking Away From Canada

Tens of thousands of Chinese and Asian citizens may have to find a new destination for their wealth after the Canadian government announced its intention to end its immigrant investor programme.

AXA Wealth cuts charges on exec-only platform

AXA Wealth has slashed the pricing on its execution only platform AXA Self Investor.

Wealth management and capital markets expected to drive Canadian bank profits

Canada's big banks are facing a tougher market for retail banking as the housing market slows and consumers look to reduce debt.

HSBC to announce bonuses totaling $4 billion

HSBC will announce staff bonuses totaling just under 2.4 billion pounds globally for 2013 and is expected to report a significant rise in pretax profit,

Facing Retirement Wave, Firms Get Serious About Training New Advisors

Running up against the limits of a recruitment strategy based on swiping advisor talent from their competitors, leading wealth management firms are trying a new ploy: Growing their own.

HSBC profits rise for 2013 thanks to cost-cutting

HSBC has reported a 9% rise in profit for last year, boosted by cost cuts as it restructured the business.

HSBC hands allowances to more than 1,000 bankers to avoid EU bonus cap

Britain's biggest bank, HSBC, has risked inflaming the row over City pay by saying it is to award more than a thousand of its top staff allowances to avoid the EU bonus cap.

Credit Suisse launches school for private bankers

Here’s a sign of the times: Asia is getting rich so fast that private banks cannot add staff quickly enough to keep up.

BDO Unibank to Buy Deutsche Bank's Philippine Trust Business

BDO Unibank Inc., the Philippines' largest bank by assets, said Monday it has signed a deal to acquire Deutsche Bank AG's Philippine trust business.

Walker Crips launches brand for Welsh market

Walker Crips is launching a new brand, Walker Cambria, to offer services designed specifically for the Welsh market.

National Bank of Canada profit rises on wealth, market

National Bank of Canada, the country's sixth-largest lender, said on Monday its first-quarter profit rose 9 percent, driven by stronger wealth management and financial markets income.

HSBC Private Bank Profit Slumps Amid Swiss Client Outflow

HSBC Holdings Plc, Europe’s largest lender, said full-year earnings at its private bank dropped 81 percent as customers pulled money from its Swiss cross-border business and the firm made provisions for regulatory probes.

L&G targets HNW clients of DFMs with launch of tax solutions team

Legal & General has set up a small team focused on providing tax solutions to high-net worth clients of discretionary fund managers and the advisers who use them.

Kleinwort/RHJ gets German regulator approval for BHF-BANK deal

The combined company will be well-positioned in two of the largest and fastest growing wealth management markets in Western Europe; the UK and Germany.

ABN AMRO reports Q4 net loss on bank tax, loan impairments

The bank, which is being readied for an eventual initial public offering, said 2013 marked the bottom of the economic cycle and that it sees signs of a recovery.

Wealth and Asset Management