Managers of Wealth

Philanthropy on the rise in Asia

Philanthropic giving has been on the rise in Asia over the past few years.

HSBC launches Discretionary Wealth Management services in MENA

HSBC has announced the launch of Discretionary Wealth Management services in Middle East and North Africa 'MENA', offering customers access to their own segregated investment portfolios.

The wealthy are 288 times richer than you

That trend is happening for two reasons: Not only are the rich getting richer, but the middle class is also getting poorer.

RBC Announces Changes to Business Segments

RBC's business segments for financial reporting purposes will be: Investor & Treasury Services; Personal & Commercial Banking; Capital Markets; Wealth Management; and Insurance.

Citibank continues to expand coverage of affluent in Asia

While a global program, its focus remains on the strong Asian HNW market, emphasizing how important Asia is for wealth managers looking to grow assets under management and how competitive this market is becoming.

Deutsche Bank to cut costs and bonuses

Bank signals more jobs could go amid plans to cut costs by €4.5bn a year and slash bonuses to senior staff

Chinese keep watch on signs of wealth as party preaches austerity

Cases such as the official with several expensive timepieces raise questions about corruption and nepotism, experts say

Nice little earner: Billionaire to pocket £45m in investment firm dividends

He led a management buyout of Ashmore from Australia's ANZ bank in 1999, owns 42 per cent of the shares in the firm which specialises in emerging market investment.

Brown Advisory Receives "Premier Advisor" Designation

In 2011, fewer than 1% of advisors in the United States received the Premier Advisor designation.

World’s Richest Gain $25 Billion as Zong Now Top in China

One of the biggest gainers was Amancio Ortega, who gained $1.3 billion, according to the Bloomberg Billionaires Index.

BDO Wealth Management team joins Fitzpatricks

He said the decision had been based, in part, on Fitzpatricks' advice approach and the investment management approach via Fitzpatricks subsidiary, Atrium Investment Management.

Acquisition adds funds for wealth manager Clarion

Clarion, which has 13 staff, has around £100m funds under management.

Old Mutual to drop Skandia name in asset management overhaul

The unit falls under the remit of the Wealth Management businessrun by former BNY Mellon head of distribution Paul Feeney.

Deutsche Bank CEOs Tackle Ackermann Legacy in Overhaul

Deutsche Bank co-Chief Executive Officers Anshu Jain and Juergen Fitschen, less than four months after taking over from Josef Ackermann, may be preparing the largest revamp at Europe’s biggest bank in eight years.

JPMorgan Weighs Dimon Bonus Cut, Wall Street Journal Says

JPMorgan Chase & Co. (JPM), the biggest U.S. bank by assets, is considering cutting 2012 bonuses for senior managers including Chief Executive Officer Jamie Dimon, according to the Wall Street Journal.

Where Millionaires Are Investing As 'Fiscal Cliff' Nears

Where are the millionaires among us putting their money?

MAS launches Giant Pandas Commemorative Coins

Only 3,000 sets are available.

UBS to seek Brazil CEO

The lender, after waiting almost two years, is close to obtaining a banking license in Brazil, the people said.

Large RIAs Buckingham and Founders to Merge

Agreement unites two strong RIAs; St. Louis powerhouse deepens Silicon Valley presence

Goldman boosts private loans to wealthy

The private bank of Goldman Sachs is quietly beefing up its lending to wealthy individuals with a host of new loan products and credit offerings.

Wealth and Asset Management