Managers of Wealth

A New Kind of Private Bank

“A venue for clients where they can come in and feel like it’s a private club, a university, a wealth management shop, and a boutique hotel – all at once.”

Germany’s largest bank to slash jobs at wealth management unit

The wealth manager will use more services offered by its parent.

FSA research: Only 12% of IFAs to go restricted

Only 1 per cent of restricted advisers say they are likely to offer independent advice

Intesa Sanpaolo Private Banking posts 62.4% net profits increase

At the end of the third quarter, Intesa Sanpaolo Private Banking confirmed €99.6m net profits

Azerbaijan bank launches private banking collaboration with Swiss bank

We are very pleased with the start of cooperation with one of the key Swiss financial institutions. After recent opening of our Bank’s representative office in Georgia, this cooperation is another move in direction of our international development.

UK private bank opens new UAE office

Because it is located in the DIFC, it is able to operate as an “authorised firm”

Old Mutual Wealth Targets Over GBP300 Million Pre-Tax Profit in 2015

Old Mutual will take a net GBP15 million operating charge in 2012 for closing to new business

Recruiters raise the stakes in the hunt for talent

The ferocious rise in the number of Asia’s wealthy is being matched only by the scramble by private bankers to influence what they do with their cash.

Managers of wealth need to be nimble

“The difference between this year and last is that geopolitical concerns have moved centre stage,” says Jane Fraser, head of global private banking at Citigroup, the US bank.

Credit Suisse combines private banking and AM divisions

Credit Suisse today announced changes in its organizational structure and to its Executive Board effective November 30, 2012.

Rothschild Group head is 'European Banker of the Year'

European Banker of the Year award 2011 during an award ceremony at the Frankfurt Euro Finance Week in Germany on Monday.

Growing regulatory costs send Apcims into the red

Revenues and cash were flat on the year and Apcims has pledged to only raise its membership fees in line with inflation.

Bank of China wins “Best Private Bank”

At present, BOC has set up private banking branches in 20 key regions across the country,

MPA Financial Management sign strategic outsourcing investment partnership with London & Capital

London & Capital has entered into a partnership agreement with Warwickshire-based financial planning firm, ‘MPA Financial Management’, to provide a comprehensive range of outsourced, discretionary managed investment solutions.

Zurich Maintains Position At The Top Of Swiss UHNW City Rankings

Wealth-X has unveiled the list of the top 5 cities in Switzerland, ranked according to the number of ultra high net worth individuals (UHNWIs) in each city.

Liontrust’s Cross and Fosh pour millions more into Brooks Macdonald

The transaction took place on 19 November and was worth around £4 million based on yesterday’s closing price of £12.25.

Whitechurch brings portfolios to IFA community

Company to bring two existing equity strategies to the IFA market.

World’s Wealthiest Lose $26 Billion as Fiscal Cliff Nears

Microsoft Corp. (MSFT) co-founder Bill Gates, 57, lost $1.8 billion as shares of the world’s largest software maker retreated 8 percent during the week.

Spanish bank downsizes its private banking business

The lender expects to complete the integration by 2013

NBAD wins best private bank award

At a time when private banking has never been under greater scrutiny

Wealth and Asset Management