12/27/2018
Chinese regulator approves wealth management units at two major banks
China issued rules on Dec. 2 for commercial banks’ wealth management subsidiaries to strengthen their risk management and support the real economy.
Wealth and Asset Management
12/26/2018
Singapore private banks target Non-Resident Indians in Middle East expansion
Bank of Singapore the eighth largest private bank in Asia (ex-China), based on assets under management, which opened its Dubai branch in February 2017 already has 45 wealth managers there.
12/23/2018
Tilney acquires UK wealth management business
Clients with assets of £340m to transfer to Tilney, along with 11 staff
12/23/2018
Rolex is Making the World a Better Place
If there is a single force that unites the Laureates of the Rolex Awards for Enterprise, it is the unalloyed spirit of determination to make our world a better place.
12/21/2018
Credit Suisse Is Setting Its Sights on a New Generation of Wealthy Australians
Less than 20% of wealthy Australians use a private bank
12/21/2018
Netwealth forms wealth data partnership
Adviser Ratings chief executive of wealth Mark Hoven said the aim is to increase overall system transparency while lowering transaction costs through smart data and analytics for a range of activities that occur between participants in the channel.
12/21/2018
UBS Intensifies Succession Planning for CEO Sergio Ermotti
Ermotti said to tell investors that bank is working on a plan
12/21/2018
‘We still have a long way to go’: offshore bosses tackle the future of wealth industry
This evolution of the offshore wealth industry was one of the key topics addressed during a panel session at Citywire’s inaugural International Financial Advisor Summit in late September.
12/21/2018
Unibank Privé named best private banking and wealth management bank in CIS
Unibank Privé is actively developing Private Banking in Armenia and expands the range of its services across the CIS countries and Europe.
12/21/2018
Swiss private banks dominate takeovers in Luxembourg
EU access key for Swiss banks as costs, regulation drive consolidation in private banking
12/20/2018
Citigroup said to face $180 million loss on Asia hedge fund loan
The matter was escalated to Citigroup's board, one person said. The bank is also reorganizing its prime brokerage business as a result of the expected financial hit, the person said.
12/20/2018
Wealth managers need to provide sound advice spanning multiple jurisdictions
It found that HNW investors are increasingly seeking new homes for their wealth to achieve benefits from global diversification and gain tax efficiencies.
12/20/2018
19 people who will change wealth management in 2019
To help you prepare for a year of heady change, we’ve created a cheat sheet of key industry leaders to keep an eye on in 2019.
12/20/2018
Raymond James Financial reports November 2018 operating data
Record net loans at Raymond James Bank of $19.7 billion were up 13% over November 2017 and 1% over October 2018.
12/20/2018
Geneva and Zurich WMs merge
Schnurrenberger said: 'The merger makes it possible to expand the existing offering and to take further targeted growth steps.
12/20/2018
5 interesting Kenyan CEO’s who are cut from a different cloth that you need to know about
Commercial Bank of Africa is the largest privately-owned bank in East Africa
12/20/2018
Schroders-owned wealth business buys 49% of ratings firm RSMR
In turn RSMR will give Benchmark Capital stronger research muscle.
12/19/2018
Discretionary Portfolio Management and the Advice-Led Revenue Generation Model
Another expert noted that there are three elements to portfolio management - market return, asset allocation returns in excess of market return and lastly the active management return.
12/19/2018
Swiss group acquires Brazil boutique
It was reported that the firm already had clients from Brazil and Argentina and that it was looking to cement its presence in the region.
12/19/2018
Family offices switching to Guernsey supports island’s approach
Nicholas Donnithorne, head of the trust and pensions team at Guernsey law firm Babbe, said that sizeable family offices have been relocating to the island in recent months.