03/02/2012
Swiss wealth manager Wants Safra to use capital to help expansion
The bank’s assets under management fell 5 percent to 96.4 billion francs in the six months through December 2011, contributing to a 60 percent drop in second-half profit.
03/02/2012
Private banks chase Asia’s ultra rich
Bay Area banks are rolling out the red carpet for Asian money coming to the United States.
03/01/2012
New Arrivals At The Top Of UK Private Bank
These key appointments demonstrate our ongoing commitment to growing the business.
03/01/2012
Credit Suisse creates securities research & analytics department
Building on the success of Credit Suisse’s Equity and Fixed Income & Economic Research franchises, the Securities Research & Analytics Department will strategically align the Bank’s research capabilities to encourage collaboration and
03/01/2012
Julius Baer Group concludes share buyback programme
The Board of Directors of Julius Baer Group Ltd. will propose to the Ordinary Annual General Meeting on 11 April 2012 to cancel the shares bought back by means of a capital reduction.
03/01/2012
Pictet Asset Management appoints taps senior investment manager
He began his career as an analyst in 2003 researching consumer, media, retail, autos, financials, industrials, metals and telecoms sectors for India.
03/01/2012
Berry refocuses investment strategies for long term growth
In a drive to remain a step ahead of the chasing pack, and to reinforce its investment strategies, Berry has rebalanced its investment strategies/portfolios to maximise potential returns from the areas in which it sees the greatest opportunities for longe
03/01/2012
UAE Expat finances 'dramatically' better
UAE ranked ranked ahead of Singapore and Hong Kong
03/01/2012
RBS bankers to get most of bonus within four months
Investment bankers working for Royal Bank of Scotland will receive much of their annual bonuses for 2011 within four months.
03/01/2012
BBVA to open Representative Office in the Middle East
BBVA has obtained authorization from the Central Bank of UAE to open a Representative Office in Abu Dhabi to provide support for the bank’s large customers and institutional clients.
03/01/2012
Union Bancaire Privee swoops for hedge fund
UBP has been a pioneer in the alternative investment industry since the 1970s and launched its first fund of hedge funds in 1986.
03/01/2012
Sex, money and the myth of ‘grumpy old men’
Money matters more to women than men, with the latter being more interested in sex, according to new research
03/01/2012
Ex-Adam boss to spearhead Thomas Miller launch
Adam & Company’s former head of investment management has decided to leave the firm to launch a private client division for Thomas Miller Investment
03/01/2012
China Construction Bank Keen On Buying European Private Bank
The state-run Chinese bank has been in talks with a couple of European banks on the issue, Zhu told the paper in an interview.
03/01/2012
Have We Turned the Confidence Corner? Millionaires Think So
The SMICI, which measures monthly the confidence level of financial decision-makers in households that have $500,000 or more in investable assets, rose 6 points in February to a positive 4, which Spectrem said was its highest level since May 2011.
03/01/2012
RBC raises dividend as profit tops estimates
Royal Bank of Canada's quarterly earnings fell 6 percent as a drop in capital markets profit overshadowed strong retail lending, but the company also announced a surprise dividend increase.
03/01/2012
Rothschild further expands its international wealth management business in Zurich
He spent 16 years at Morgan Stanley & Co. International Ltd in London where he was instrumental in building the Private Wealth business for ultra high net worth individuals in Continental Europe.
03/01/2012
UK private bank appoints Head of Legal Affairs
Until the end of 2011 he was a partner in London in the corporate group at Simmons & Simmons
02/29/2012
Liverpool wealth fund manager forges links with London Embassy
The office also currently doubles up as the company’s central headquarters for its outsourced PA team.
02/29/2012
FSA to restrict wealth manager fees on distributor influenced funds
Finalised guidance by the Financial Services Authority (FSA) said firms running DIFs will no longer be able to receive a share of the annual management charge (AMC) or any benefit other than an adviser charge.