Managers of Wealth

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.

The UK Wealth Management industry employs 12.5% of the financial services community- Research

This is according to the research findings commissioned by a grouping of wealth management companies seeking to determine the value of the total industry.

Charles Stanley to take on more staff as it preserves clients’ portfolios

Charles Stanley plans to hire more staff in Leeds, despite the downturn in financial markets.

Stored for Decades, Hitler’s Silver Is to Go on Display

For 66 years, they lay unseen, first in a vault on the Upper West Side, more recently in a special cabinet.

Vestra out of the red with landmark £2m profit

Turnover increased by £5.6 million to £16 million over the period, while partners invested £2.2 million back into the business.

Barclays Wealth hires ex Kleinwort Benson wealth boss

He joins Barclays Wealth as director within the bank's Glasgow team.

CFM Partners AG: a New Adviser for Corporate M&A Transactions

CFM Partners, headquartered in Zurich, is specialized in advising and executing corporate acquisitions, disposals and mergers as well as corporate valuations for banks and financial services companies.

London Bankers Stay Put as Bonuses Wane

The beginning of the year is usually a busy time for bankers and recruiters as many staff members wait to get their bonuses before setting off to a rival.

Barclays' CEO Sounds Bullish Note On Wealth Management Prospects

Barclays has earmarked its wealth management business for growth during 2012, according to chief executive Bob Diamond.

Boost to philanthropy as STEP and EAPG join forces

STEP & EAPG have developed this educational series comprising five stimulating and thought provoking events.

Austrian Unions Eye Wealth Tax Package

Warning against the introduction of any measures that might merely serve to endanger growth or jobs in Austria, the organizations put forward a series of targeted tax proposals, expected to generate additional tax revenue totalling around EUR4.5bn.

CEOs concerned about economy while upbeat on revenues - PwC

The survey was published as CEOs including Mark Parker of Nike Inc. and Brian Moynihan of Bank of America Corp. gather in the Swiss ski resort of Davos for the World Economic Forum’s annual meeting.

Indian tycoons help put Dubai on top of billionaire list

The emirate is now home to the highest concentration of billionaires in the region - there are 14 of them - and ranks 18th globally.

Swiss Private Bank Mulls UAE Pension Plans For Expats

The Swiss bank is considering offering pension schemes for companies operating in the Emirates in a similar fashion to the 401(k) scheme in the US, where both companies and employees invest in a pool of assets overseen by external fund managers.

Affluent Investors Spooked by Market Volatility: Merrill Survey

The survey of about 1,000 individuals with $250,000 or more in investable assets is conducted every six months, and the full results should be released in February.

Wealth and Asset Management