Managers of Wealth

Euromoney publishes 10th annual Global Private Banking Survey – UBS returns to the top

The private banking industry has had to modernize as never before to keep pace with the global needs of clients, new regulation and rebuild trust.

Sanlam targets wealth acquisitions as it sheds Punter stake

Sanlam UK has sold its 21.6 per cent stake in actuarial consultants Punter Southall Group

J.P. Morgan cuts investment bank bonuses

Executives in asset management will get an average increase of 6% in salary and bonuses

Barclays Wealth opens Beverly Hills office

Barclays Continues to Expand its Wealth and Investment Management Presence in the U.S. With the Opening of its Beverly Hills Office

European average household financial wealth declines - RESEARCH

The report, Bringing Europe Back to Savings, analyses household savings, investment and debt across 22 European countries, interpreting differences in the propensity to save and incur debt, household investments and the overall financial wealth of Europea

Baring Swiss Bank for Rich Athletes Buys Asset Manager Coges

“We share the same values and ethics.”

JPMorgan Joins Rental Rush For Wealthy Clients: Mortgages

The firm’s unit that caters to individuals and families with more than $5 million, put client money in a partnership that bought more than 5,000 single family homes to rent.

Who Says Wealth Doesn't Buy Happiness? The Wealthy Do

The Spectrem study adds to a growing field of research on wealth and happiness.

Vistra Acquires Althea

Vistra now employs over 60 staff across its Geneva, Zurich and Zug offices.

UBS overhaul bearing fruit despite hefty quarterly loss

Wealth management businesses’ full-year net new money up CHF 11.3 billion to CHF 46.9 billion

UBS to buy back 5 billion Swiss francs in senior debt after revamp

The tender offer period relating to euro and Italian lira denominated securities will end on 19 February 2013.

Wells Fargo Targets Mideast Wealth Funds in Dubai Expansion

Wells Fargo & Co., the U.S. bank that counts billionaire Warren Buffett’s company as its largest shareholder, is targeting Persian Gulf sovereign-wealth funds as it seeks to expand its client base in the Middle East.

Wealth tax removal sees sharp rise in Swedish repatriations

The tax was removed by the governing coalition in 2007

LGBT wealth management service launched

LGBT Capital and Financial Partners has announced the launch of LGBT Wealth, the first Wealth management operation focused on the LGBT community in Asia.

Pictet, Lombard Odier both set to switch structure to corporate partnerships

Both Pictet and Lombard Odier have announced they are to change their legal structures to corporate partnerships or "société en commandite par actions de droit suisse".

Number of millionaire Brits hits 13,000 despite recession

New figures show the number of Britons earning at least £1million a year has increased to 13,000, thanks to the coalition government’s April tax cut, local media reported.

Quilter Cheviot in search for new premises

NEWLY merged fund management firm Quilter Cheviot is searching for larger office space in Liverpool

Schroders launches multi-asset Wealth Preservation fund

Schroders has announced the launch of Schroder ISF Wealth Preservation USD, a new fund which will offer investors a simple-to-understand, flexible investment vehicle which aims to preserve and grow savings under all economic conditions.

Julius Baer profits jump 15%

Assets under management (AuM) increased by 11% to a new record high of CHF 189 billion.

SA Wealth Worries survey reveals global economy fears

Global payments technology company Visa today released the results of its first annual Wealth Worries Survey 2013

Wealth and Asset Management