Managers of Wealth

ANZ nets solid profit despite wealth management

The Group invested $1.3 billion in targeted growth initiatives in 2012 with productivity improvements driving flat expenses HOH and positive revenue/cost jaws YOY and HOH.

Credit Suisse Third-Quarter Profit Falls on Own Debt Charge

Private Banking with 3Q12 net revenues of CHF 2,591 million and pre-tax income of CHF 689 million

Barclays Crowned Best Private Bank At Triple A Investment Awards

Barclays also won ‘Best Private Bank – India’ for the second year running, and ‘Best Private Bank – Japan’ for SMBC Barclays, a private banking joint venture between Sumitomo Mitsui Banking Corporation (SMBC), Barclays

64% investors would stop using their IFA if they began charging an hourly rate

The findings come from Legal & General Investments' What Matters Investment Index which investigates investors' views of the market which is now in its third year.

Skandia: ‘We don’t want to be SJP’

Skandia is planning some big structural changes ahead of the Retail Distribution Review

AWD demands advisers cut clients to improve service

The national IFA has told around 50 of its 200 advisers who advise more than 250 clients to cut numbers by January.

UBS ready to take axe to investment bank

Executives of the bank were locked in a board meeting in New York on Tuesday to thrash out details of the plan.

J.P. Morgan Gets Stung by China Downturn

Fund Run by Bank Loses High-End Residential Tower to Foreclosure as Rules on Property Purchases Hit Luxury Market

Custodians of great fortunes target Gulf

There is nothing remotely downmarket, or even middle-market, about Coutts, the British bank that has, traditionally, advised the monarchs of the United Kingdom on their financial affairs.

Rathbone funds edge up to £17.3bn

The total annualised rate of net inflows of 5.5% (2011: 8.2%) in Rathbone Investment Management for the nine months ended 30 September 2012

Citi overtook UBS, as private banks' Asia assets fell in 2011

Citigroup overtook UBS AG to become the top private bank in the Asia-Pacific last year when assets managed by the industry fell, industry publication Private Banker International said on Wednesday.

AuMs flatline amongst Asia’s Top 20

The combined AuM of the Top 20 slipped from $1,105bn to $1,099bn

Swiss private bank planning to begin operations in the Israeli market

The bank, which manages $400 billion in assets, is working to obtain the necessary permits from Israeli regulators in order to launch operations.

Barclays, HSBC Top Greenwich Poll of Structured Product Leaders

Amid Softening Retail Demand, Barclays Claims Top Spot in Europe, While HSBC, J.P. Morgan and Barclays Lead in the U.S.

Optimism up for America's affluent - RESEARCH

America's affluent have grown considerably more optimistic in their assessments of the U.S. economy and their own investment prospects although there is anxiety over the global economy, according to survey findings by PNC Wealth Management, a member

Hargreaves chief picks up £1.2m bonus

The company saw pre-tax profits increase to £152.8m for the year to 30 June, compared with £126m during the prior year.

Italy's Banca Leonardo set private banking targets for 2012

"Our aim is to recruit professionals with strong experience, who share our vision of the business."

Prince Alwaleed Praises Pandit for Citigroup Crisis Handling

“Citigroup never blinked on that. It’s the only global bank at the moment and really the potential is there,”

Growing popularity of wealth management products in China

More Chinese consumers are turning to WMPs because they provide better returns compared to bank deposits - without the risk of equity investments.

Independent asset managers are gaining in importance in Germany's private wealth management market

IAMs first became a recognized profession in 1998.

Wealth and Asset Management