Managers of Wealth

Indian biz leaders talk philanthropy with Bill Gates

A large group of Indian business heads met Microsoft founder Bill Gates on Friday over a private dinner meeting at Taj West End Hotel in Bangalore.

Credit Suisse Money Inflows Hurt by Tax Issues

Switzerland’s tax issues have “short and medium-term negative impact” on new client money, Der Sonntag reported, citing Hans-Ulrich Meister, the head of Credit Suisse Group AG’s private banking business

UBS Shifts Investment Advice, Research in Wealth Units under One Umbrella

The integration is the latest step in UBS Chief Executive Sergio Ermotti's plan to shift the Swiss bank's primary focus to client and advisory businesses and pare down its investment bank following an embarrassing trading scandal last year.

Wealth Managers Need Wake-Up Call - Research

Players Must Take Action on Pricing, Costs, Risk, and Client-Centricity to Raise Their Games in Low-Growth, High-Regulation Climate, Says The Boston Consulting Group's New Report on Global Wealth

Asian Millionaires Counter Lost Riches Elsewhere

Wealth in North America declined 0.9 percent to $38 trillion, while western Europe posted a 0.4 percent drop to $33.5 trillion, the report said.

U.S. wealth growth slowed in 2011, BCG report says

While the U.S. still has the world's biggest population of millionaire households, they shrank in number by 2.5 percent to 5.1 million in 2011 compared with a year earlier.

How we won clients from private banks

When Andy McLaughlin met staff at one major private banking group to complete a client transfer, he was staggered. “It was jaw dropping how primitive its methods were

NYC wealth management firm opens Albany office

The next step will be an office in Saratoga Springs.“We believe that within the next five years we can grow to about 50 advisers in the area,” Prescott said.

Pssst. Want to know a secret?

Investing Secrets of the Ultra-Wealthy

Collins Stewart WM brand to be dropped by 2013

Collins Stewart Wealth Management, headed by CEO Neil Darke, is to be rebranded Canaccord over the next 10 months.

Charity levy ditched in new UK budget reversal

Treasury chief George Osborne announced in his March budget that he would limit the amount philanthropists could claim off their tax bill amid concern people were donating only to minimize tax payments.

City Asset Management founder passes away

Coghill, who had over 20 years of experience in industry and commerce in the UK and overseas, founded City AM in 1988.

Wealth managers to expand realty advisory business

Players says investors are flocking to this space as equities are not doing too well and real estate still offers 10-12% returns

Philanthropy can be a lot of fun

Gates will join some of India's richest in Bangalore on June 1 at the invitation of Azim Premji and Ratan Tata to talk about philanthropy.

Great Portland buys St James's properties

Real estate investment trust Great Portland Estates has bought interests in two properties in the heart of London's St James's district from fund management firm Henderson Global Investors.

Barclays Hires Wealth Managers in Switzerland to Double Assets

Customers are increasingly looking to Switzerland for “stability in this shaky world,” he said.

UBS turns Beijing branch into wholly-incorporated bank

The new entity will be named UBS (China) Ltd., and is scheduled to start operations in Q3, the bank said in a statement.

Abu Dhabi Islamic Bank opens swanky London branch

Sheikh Khalid Bin Zayed Al Nahyan, a member of the Abu Dhabi royal family, joined Prince Andrew, The Duke of York, to open the office at One Hyde Park, the 1 billion pound luxury Candy and Candy development located near the Harrods department store.

Swiss advisory and fiduciary service firm opens first Asian office

Veco Invest (Asia) is headed by managing director Peter Lee, who brings to this role more than 20 years of experience in investment and banking.

Diamond financiers follow DeBeers to Botswana

Confirming the reports to Gazette Business, Bank of Botswana’s Spokesperson Andrew Sesinyi said, the reserve bank granted a banking licence to ABN AMRO Bank (Botswana) Limited, whose main focus is financing of diamond businesses and related entities

Wealth and Asset Management