Managers of Wealth

French Banks to Cut 2011 Bonuses as Much as 50%

French banks intend to cut bonus payments for 2011 by between 40 percent and 50 percent, Le Journal du Dimanche reported, without saying where it obtained the information.

Falcon Private Bank launches new fund

Emerging markets are expected to increasingly decouple from developed markets and as such offer a diversified investment opportunity.

Credit Suisse Senior Bankers’ Compensation Said to Drop by 30%

For some bankers, including a number in Asia, total pay will only drop by about 20 percent, said one of the people who declined to be identified because they weren’t authorized to speak publicly.

Dresdner bonus culture exposed

One of the 104 investment bankers suing for €50m in unpaid bonuses told the UK High Court on Thursday he had expected a further €300,000 bonus in 2008 despite already receiving a €300,000 guaranteed bonus from Dresdner for that year.

Swiss Private Bank agrees to sale amid U.S. Tax-Evasion crackdown

We are determined to see the legal negotiations through to the end. At the same time, it is our duty to guarantee our clients and staff the greatest possible security.

Five firms recruited for Succession’s wealth arm

Succession could seek an initial public offering or private equity investment once it reaches its target of £7bn funds under influence, its chief executive has said.

Bridgepoint acquires Morgan Stanley's wealth business

Quilter operates with customers who have at least £200,000 (€240,000) in assets, and it has 26,000 clients in Britain and Ireland.

Billionaires occupying Davos as richest 0.01% bemoan inequality of incomes

half-dozen of the richest participants, interviewed in advance of the conference, say economic disparity needs to be addressed.

Old Mutual wealth management in Europe

The insurer yesterday said it would create a single wealth management unit in Europe, which analysts suggested would improve efficiency, while sharpening its focus on expanding revenue.

From beer to banque privée

Quilvest Group was originally set up as an independent adviser to support the Bemberg family in the management of its estate in France.

China's Hidden Wealth Feeds an Income Gap

Wealthy Chinese are snapping up gold, Rolls-Royces and yachts, Louis Vuitton, Chanel and Gucci faster than ever before, with increases registering not in baby steps, as a decade ago, but in giant leaps — 20, 50, even 80 percent, year on year.

Major China-based fund house to tap banks on RQFII sale

Charles Wang Hongxin, chief executive of E Fund's Hong Kong branch, said distributors including banks require more time to familiarize themselves with the new products.

Global lender seeks buyers for its Japan unit

HSBC may sell HSBC Premier, the division that targets wealthy individuals in Japan, the people said on condition of anonymity because the plan isn’t public. The London-based bank has started an auction for the business, and may shut it if offers are

Wealth, Presidents, and Being "Out of Touch"

Throughout the decades, Americans have elected very wealthy men to the White House without any fanfare. Yet with record rates of unemployment that many are experiencing over a period of years, the issue of class in the U.S. has gained a new significance.

Wealth and Asset Management