04/05/2012
UBS Sees Fixed-Income Pickup as Bank Hones Super-Rich Strategy
UBS said a unit that helps the biggest Swiss bank target millionaires reported an increase in client trading this year as fixed-income sales jumped.
Wealth and Asset Management
04/05/2012
Coutts’ AIG clients face further compensation delays
Coutts’ clients who saw their money locked up in the AIG Enhanced Variable Rate fund when the credit crisis hit, face a further eight-week wait to hear if they will receive compensation.
04/04/2012
Banque Privée Edmond de Rothschild Group continues to expand and win new clients
2011 featured a tough economic and stockmarket environment. It also brought continuing pressure on banking secrecy and heavier regulation of wealth management that drove up operating costs.
04/04/2012
Veteran Merrill Lynch adviser goes independent
Pritchard left the brokerage, now owned by Bank of America Corp, in late March to set up his own practice with Concert Wealth Management, a start-up firm that works with independent advisers. He managed $100 million in client assets at Merrill.
04/04/2012
The Presidio Group Launches Private Endowment Practice
Former University of Chicago, Princeton Executive Peter Stein to Lead Effort
04/04/2012
Family of military hero locked in battle over sale of treasures
Auction halted by legal fight over war artefacts collected by the Duke of Wellington's trusted aide
04/04/2012
Credit Suisse says no German travel ban for bankers
Swiss and German media had reported the Swiss bank had introduced the ban after Switzerland issued the warrants, which accuse the three German civil servants of industrial espionage for buying the bank details of German tax evaders.
04/04/2012
France reviews trust approach
Trusts have always been viewed suspiciously by the French authorities. New legislation imposes draconian reporting obligations where any of the settlors, trustees or beneficiaries are French resident.
04/04/2012
UBS Must Retain Investment Bank, Zeltner Tells Finanz
UBS AG (UBSN) must retain a global investment bank alongside its worldwide asset management business, Juerg Zeltner, head of wealth management at the bank, told Finanz & Wirtschaft.
04/03/2012
BMO Harris Private Banking Named Best Private Bank in Canada
- Global Banking and Finance Review awards BMO for second consecutive year - Award honours quality, performance and banking ability of staff
04/03/2012
UBS Pays Brokers Top Dollar To Join Wealth Management Unit
UBS has reportedly added nearly 50 reputed U.S. brokers to its payroll over this quarter – almost completely on the back of hefty signing bonuses. [1] The move looks in-line with the Swiss bank’s strategy of growing its wealth management busin
04/03/2012
Bonham Carter gifts £620k to charity
Edward Bonham Carter has become the second major figure at Jupiter to make a significant share donation to charity.
04/02/2012
Lawsuits test UBS advice on offshore bank accounts
Tax lawyers describe the suits, emerging from a crackdown by federal authorities on Swiss banks, as the first of their kind in the United States to assert that Swiss bankers made improper assertions to their U.S. clients about the tax implications of thei
04/02/2012
Why China's Rich and Russia's Rich Share Many Traits
While in terms of their current geopolitical interests, histories and cultures, Russia and China are vastly different, their super-rich share many common traits.
04/02/2012
Citi's Duttagupta on Asian Wealth, Investor
The number of Asians with at least $100 million in disposable assets overtook North America’s tally for the first time as the world’s “economic center of gravity” continued moving east, Citi said today in the report published in pa
04/02/2012
Merger between Clariden Leu and Credit Suisse is done
The legal merger between Clariden Leu AG and Credit Suisse AG is complete as of today.
04/02/2012
EFG UK Names New Private Banking Boss
He will be a member of the management committee and board
04/02/2012
Generali targets HNW in the UK
In one of the boldest moves by an offshore life company in recent years, Generali PanEurope this month will formally begin to target the UK high-net-worth and UHNWI market with a flagship portfolio product and wealth structuring services
04/02/2012
Ingenious Asset Management launches new charities sector service
Ingenious Asset Management (IAM), has launched a charity service to provide multi-asset investment management for charities and similar bodies in the UK.
04/02/2012
Raymond James Closes Morgan Keegan Acquisition
Raymond James Financial announced today that it has completed its acquisition of Morgan Keegan, creating one of the country’s largest full-service wealth management and capital markets firms not headquartered on Wall Street.