10/22/2012
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,”
Wealth and Asset Management
10/22/2012
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.
10/22/2012
Independent asset managers are gaining in importance in Germany's private wealth management market
IAMs first became a recognized profession in 1998.
10/22/2012
WH Ireland paves way for dividend in balance sheet overhaul
WH Ireland has opened the possibility of rewarding investors with a dividend in a proposed overhaul of its balance sheet.
10/22/2012
EFG launches low-cost portfolio service for advisers
EFG Harris Allday has launched a low-cost model portfolio service to cater for IFAs’ demand for multi-asset funds with lower charges.
10/22/2012
Wealthy Americans Are Bailing Out Of Hedge Funds
Global assets in hedge funds now top $2 trillion, far more than the $200 billion or so run in the mid-1990s.
10/22/2012
Major UK Wealth Firms In Merger Talks
"Culturally and geographically, this transaction is as good a fit as you will find in private client management," a source close to the deal said.
10/21/2012
German Bank uses art installation to display its annual report!
You know a bank is trendy when it skips the boring and extremely dull paper-based annual reports
10/21/2012
HSBC puts £400m +++ worldwide advertising business up for review
HSBC's brand is one of the great success stories of modern marketing, according to HSBC themselves .
10/21/2012
Swiss private bank to beef up as it eyes growing rich in Asia
The Asia-Pacific head for Wealth Management, said the bank gained its full banking licence last month.
10/21/2012
Bank of Singapore out to exploit mainland wealth to double portfolio
Bank of Singapore eyes rising affluence in China to double the amount under its care
10/21/2012
Number of wealthy in SA up 31%, says report
DESPITE economic uncertainty, the number of wealthy people in South Africa is rising by as much as 31%
10/21/2012
Old Mutual Global Investors outlines growth plan
Group pledges to ‘develop further’ its product range.
10/18/2012
Barclays wealth arm consults FSA over fund group admin fees post RDR
Barclays and other wealth managers will likely have to buy the clean fee share classes
10/18/2012
MFP Wealth Management first to receive British Standards certificate
The BS8577 is a work-based assessment in which the British Standards Institute visits a firm
10/18/2012
EFG International comments on performance
EFG International’s stake in EFG Financial Products has reduced from circa 58% to circa 25% as part of the successful IPO of EFG Financial Products.
10/18/2012
Private Banking Will Get More Complicated -RESEARCH
The Boston Consulting Group has made public a new study of the market for wealth management
10/18/2012
Pictet Says Tax Declaration Rules Threaten Profit
Swiss private banks may earn less if they only handle tax- declared money from European clients, HandelsZeitung cited Pictet as saying.
10/18/2012
Schroders wins top fund manager award
The event, held at Sydney's Doltone House, was hosted by the Australian Fund Manager Association for the 14th year in a row.
10/18/2012
Brooks co-founder steps down from board as FUM jumps 6.5%
As at 30 September 2012 discretionary funds under management totalled GBP £3.751 billion.