08/20/2012
“There used to be this moat that created a great business model for Swiss banks -- it’s gone,” said Friedman, who was hired into the newly-created CIO position by former UBS Chief Executive Officer Oswald Gruebel in March 2011.
08/20/2012
Bespoke DFM firms are winning business from private banks as high-net-worth clients feel they are being squeezed out in favour of wealthier clients.
08/20/2012
The business targets startups and established funds with long-short or hedged strategies and those focused on arbitrage.
08/20/2012
Bank of America has been selling non-core business units and cutting thousands of jobs as part of its efforts to reduce costs and bolster capital.
08/20/2012
Charitable contributions rose by 15 percent; Carbon dioxide emissions lessened by 24,500 metric tons
08/20/2012
Leeds-based law firm launches new wealth management business
The law firm has been an ambitious player in the Leeds investment scene, and it has made a number of acquisitions in the past to boost its position.
08/20/2012
They also opted for a high degree of diversification in their portfolio, in which they mostly included short-term products.
08/19/2012
Rise of secret millionaires who never make the rich lists
One of the trivial lessons from the boom is that the so-called rich lists rarely come close to the truth.
08/19/2012
And it's not just billionaires loading up on the yellow metal.
08/19/2012
A wave of consolidation has been widely forecast for Asia’s private banking industry, but whether this is a healthy development for the market remains open to conjecture.
08/19/2012
The SFA, however, sees banks’ weakened hold on the Swiss financial services industry as an opportunity for its asset management industry to flourish.
08/19/2012
Its survey of 2,028 people from households with incomes of more than £50,000 found that while 81% would seek financial advice, only one in eight would pay for an ongoing service.
08/19/2012
A new study by the Swiss Bankers Association shows the key role Swiss banks continue to play in the overall economy.
08/19/2012
Their experience with ultra high net worth individuals will be extremely valuable in meeting increasing demand for Rothschild’s services from this client segment in particular
08/16/2012
Openwork, which is 25 per cent owned by Zurich, acquired national IFA 2Plan in July 2011 after announcing the deal in September 2010.
08/16/2012
New Programs provides a risk-free assessment for CPA firms aiming to expand wealth management services
08/16/2012
She worked as head of strategic partnerships and international third party distribution at Barclays, leading a team setting up commercial joint ventures with overseas banks.
08/15/2012
Why don't wealth management firms do more to protect families from financial predators?
08/15/2012
This figure is no doubt bolstered by the staggering number of millionaires in the city-state, which Knight Frank and Citi Private Wealth predict will only keep growing.
08/15/2012
In a statement released on Wednesday, Standard Chartered Bank Singapore's chief executive officer Ray Ferguson said it has been "business as usual" for its operations, though some customers have raised concerns about recent developments sur