08/23/2019
Does Switzerland Need Just 20 Private Banks?
Wealth managers aren't managing to trim the fat accumulated during the bull years: they are losing market share as less money flows into Switzerland.
Wealth and Asset Management
08/23/2019
Zuercher Kantonalbank: Dwindling Revenues
Net commission and fee income was 387 million, down 3 percent year-on-year, primarily due to lower income in the securities and investment business.
08/23/2019
HSBC Singapore unveils new Jade Centre at Jewel
This is the second HSBC Jade Centre in Singapore.
08/22/2019
Raiffeisen Half-Year Profit Drops on Revamp
And yet, revenues declined even disregarding the private-banking division’s business, while costs increased slightly.
08/22/2019
UBS: the Last Bank to Sponsor Formula 1
The sport remains banned in Switzerland due the risks that are associated with it, but still attracts billions of viewers across the globe.
08/22/2019
Wealth-X Announces Strategic Expansion to Global Dataset
This new dataset includes records on both very high net worth (VHNW) individuals, those with a net worth of between $5 and $30 million, and ultra high net worth (UHNW) individuals, those with a net worth of at least $30 million.
08/22/2019
LGT reports positive net asset inflows
LGT's total operating income increased 2% to CHF 848.2 million in the first half of 2019. Income from services decreased 1% and totaled CHF 536.1 million.
08/22/2019
C Hoare posts 25% profit growth, despite impairments rising
The UK’s oldest private bank posted pre-tax profit of £32.5 million, up from £25.9 million year-on-year, for the 12 months to the end of March.
08/21/2019
Growth Markets: Why China Matters
Long a bellwether for emerging markets, what happens in China is now crucial to the wider world.
08/21/2019
Will KBL Write Private Banking's Next Chapter?
The meager sum is hardly enough to jumpstart KBL's fortunes in Switzerland, home of many of the world's richest and still the largest money haven in the world.
08/21/2019
The net worth it takes at every age to be richer than most people
The typical American family had a net worth of $US97,290 ($143,575) in 2016.
08/21/2019
Gibraltar-based firm eyes expansion after WM acquisition
It is ‘looking at obtaining licences’ to bolster its operations
08/21/2019
7IM banks big tax windfall as costs climb on scalable challenge
Costs at Seven Investment Management rose 15% last year, almost four times the rate of revenue as it invested in its back office systems to ‘ensure they are scalable’.
08/21/2019
Sanlam Real Assets Fund Celebrates First Birthday
The Fund targets income and capital growth through investments in real asset securities which Pinggera describes as the “pillars of a functioning economy”.
08/21/2019
Berlin’s Fintech Wealth Is Attracting at Least One Private Bank
Weberbank is betting on German capital as it tries to expand
08/21/2019
Strategic Wealth Partners Ranked Among Financial Times’ Top 300 Registered Investment Advisors
Firm Earns Ranking for Fifth Time
08/21/2019
RBC Q3 helped by personal & commercial banking, wealth management
Compared to last quarter, net income was up $33 million with higher earnings in Personal & Commercial Banking, Wealth Management and Insurance, largely offset by lower earnings in Capital Markets and Investor & Treasury Services.
08/20/2019
Tireless Mandiri Extends its Efforts to Boost the Onshore Wealth Management
Wirjakusuma met with Hubbis recently to give her insights to the world of Indonesia wealth management and her firm’s pivotal role.
08/20/2019
80 Percent of Thai Wealth Held Onshore
Lombard Odier’s ventures into building onshore revenue lines have been supported not only by its investment capabilities but also through effective delivery to meet non-investment needs.
08/20/2019
Private Client Resources and Private Wealth Systems Partner to Expand UHNW Offerings
Partnership will Provide UHNW Advisors and Families Actionable Insights by Combining Great Data with Great Tools.