03/20/2023
Julius Baer publishes Annual Report 2022 and Sustainability Report 2022
Additional factors could cause actual results, performance or achievements to differ materially.
Wealth and Asset Management
03/20/2023
Credit Suisse says some clients may want to move wealth assets after UBS deal-memo
UBS will become the undisputed global leader in managing money for the wealthy through the takeover of its main rival, triggering some concerns about concentration risks for clients.
03/20/2023
UBS takes over Credit Suisse secured by state guarantees
The merger of the two major Swiss banks will create a banking group with around 5 trillion US dollars in assets under management.
03/20/2023
LGT reports sharp rise in profit and strong net asset inflows in 2022
Personnel expenses were almost unchanged at CHF 1.32 billion, reflecting organic growth and the acquisition of Crestone
03/20/2023
PIMFA welcomes abolition of pensions lifetime allowance
Going forward, it is vital that any future policy should not negatively impact on the ability of people to save and invest and we would encourage the Government to look at other areas – particularly those that disincentivise individual share ownersh
03/20/2023
Bank shares slide following UBS's Credit Suisse rescue
Bank shares are under intense pressure following UBS’s stunning $3.25bn rescue of rival Credit Suisse over the weekend.
03/20/2023
Global Market Insights: February 2023
Despite the January blip we have not seen enough evidence yet to suggest that inflation will be significantly different by year end than the 3.5% to 4% we have been forecasting for some time now.
03/20/2023
Titan Wealth launches MPS headed by Top 100 star
Titan Wealth has launched an in-house model portfolio service for financial advisers and institutional investors, Citywire Wealth Manager can reveal.
03/20/2023
Spring budget: the impact on pensions and passing on wealth
Sweeping pension changes announced by the government in the recent Budget could have implications for inheritance tax planning.
03/20/2023
Morgan Stanley Wealth Management to create bespoke OpenAI model
In addition, it was considering using OpenAI technology to enhance advisers’ notes and streamline client communication.
03/20/2023
Singapore and Hong Kong vie to be the Caymans of Asia
The two cities have set up new fund structures to lure wealth away from traditional offshore financial centres
03/20/2023
Stunned Credit Suisse staff fear uncertain future despite UBS rescue deal
The banker also complained of pressure from clients to provide answers within 24 hours to questions about the UBS deal.
03/20/2023
Banque SYZ: your neighbourhood Swiss bank available in SA
Nicolas Syz, head of private banking at the group founded by his father in 1996, says Africa has turned out to be its fastest-growing market
03/17/2023
Brooks Macdonald settles into new office
It also has a dedicated sustainability working group, adheres to global standards and operates a reuse and recycle policy.
03/17/2023
Northern Trust’s 2023 Wealth Planning Symposium to Focus on the Power of Resilience
Virtual event will feature Barbara Pierce Bush and Lauren Bush, Convene experts on the future of wealth
03/17/2023
HSBC Taiwan wins five Wealth Magazine awards
As the only foreign bank in Taiwan with a global presence, HSBC has observed rapid growth in Taiwan’s wealth management market in recent years.
03/17/2023
Banking industry under pressure
The bank notes that its liquidity coverage ratio (high quality liquid assets as a share of potential 30-day stressed outflows) had improved further, from a high of 144% in FY 2022 to 150% on 14 March 2023.
03/17/2023
Where wealthy investors are putting their cash after SVB collapse
Following the collapse of Silicon Valley Bank and potential cracks in the network of regional banks, wealth advisers say many clients are now asking fundamental questions about how and where to keep their cash.
03/17/2023
European Banks Update from our Asset Managers
Following the news Credit Suisse has received a liquidity back-stop from the Swiss National Bank, we provide some insight from our Asset Management team.
03/17/2023
Deposit accounts: Building towards your near-term goals
As interest rates rise in a bid to tackle elevated inflation, savers could be benefiting from the increased rate environment. Find out what Coutts has to offer.