08/17/2018
Cantonal bank reports positive results despite increased expenses
However, operating expenses also increased by 5.7% due to the bank’s activities ahead of its 150th anniversary, the creation of new jobs and digitalisation expenses.
Wealth and Asset Management
08/16/2018
How to pass on wealth to the next generation and beat inheritance tax
More people are choosing to pass on their wealth while they are still alive and can see their loved ones benefit - and to take advantage of the seven-year rule that can keep it free of inheritance tax.
08/16/2018
JPMorgan private bank boosting staff in Columbus
Chase is the second largest bank in Columbus, according to Business First research.
08/16/2018
China’s wealth managers eye expansion to compete globally
Buttressed by China’s ever-expanding economy, Chinese wealth managers and private banks are adopting unique expansion strategies to secure a slice of the action
08/16/2018
DeVere UK losses deepen amid FCA probe
DeVere UK said its decision to discontinue its pension report-writing service had led to turnover falling from £3.08m in 2016 to £2.14m in 2017.
08/16/2018
ESG portfolio off to a good start in HK, says UBS
Bank officials said they are seeing both new money and current clients switching to the new portfolio.
08/16/2018
Set Sail Trust Brings Butterfield Bank On Board
The charity’s work helps to make these privileges accessible to the widest possible audience, and it is always wonderful to witness the children’s enjoyment of the water and our coastline.
08/16/2018
AAA-rated Pictet-Robotics manager ups cash stack
The Pictet-Robotics fund returned 58.6% in US dollar terms over the three years to the end of July 2018.
08/16/2018
Evercore Wealth Management expands US presence
Mr. Palles was previously a Managing Director and Senior Portfolio Manager at U.S. Trust, Bank of America Private Wealth Management.
08/16/2018
AFH Completes Tenth Deal Of Current Financial Year
The purchase adds £80m to AFH's funds under management.
08/15/2018
A world of opportunity in an ever-changing world
Experts gave their views on the best way to position client portfolios and manage their expectations in preparation for the various potentialities that lie ahead.
08/15/2018
Hong Kong philanthropist Tin Ka-ping was a man of true humility
Here’s a quote from his obituary (from Tin’s speech during his baptism at age 94) that impressed me: “Frankly speaking, I’ve been acting out of my conscience all my life. I can say without blushing that I am a good person."
08/15/2018
A guide to private banking
This may have been the case historically at some private banks, but Investec Private Bank does things differently.
08/15/2018
Speakers’ success in China should inspire more Guernsey practitioners
GF will provide a market update, with Wendy and Dorothy also discussing their latest activities and achievements in their respective regions.
08/15/2018
How Lombard Odier got into the Islamic investment space
Islamic Business & Finance sits down with Arnaud Leclercq, Limited Partner at Lombard Odier Group about the launch of a certified Shari’ah-compliant mandate aimed at GCC individual investors.
08/14/2018
How a Swiss bank was toppled by a financial scandal in Malaysia – and what can be learned from it
When in 2014 it was reported that 1MDB had amassed US$11 billion in debt, posing a threat to the Malaysian ringgit, the scandal began to unravel.
08/14/2018
Report Suggests Wealth Managers Should Offer Clients Self-Directed Planning
Financial planning will continue to be an advisor-led process but Aite Group says firms are missing out on an opportunity to target other client segments.
08/14/2018
Credit Suisse Is Splitting Its Main Wealth Unit Into 7 Regions
An announcement about the split, dubbed “Project Momentum,” could come as early as this week, the people said.
08/14/2018
JPMorgan to Shut Investment Accounts for Foreign Retail Clients
JPMorgan’s private-bank clients won’t be affected, the people said.
08/14/2018
Wilmington Trust Announces Leadership Appointments to Wealth Advisory and Private Banking
Buccella earned an MBA from Babson College, and a bachelor’s degree from Boston College.