09/20/2018
Brooks Macdonald in-house advice a ‘major introducer’ of funds into DFM
The FCA asset management market study noted the potential for conflicts of interest to arise when advisers are recommending funds at related companies.
Wealth and Asset Management
09/20/2018
China Allows Wealth Management Products to Buy Stocks Directly
Regulatory change comes as stock indexes hit multi-year lows
09/20/2018
Swiss private bank buys Luxembourg bank
The transaction is subject to the approval of the relevant regulatory bodies and is expected to complete during the first quarter of 2019.
09/20/2018
BCGE goes digital with new '4.0' branch
This was an opportunity to remind companies and individuals of the importance of the cantonal bank's role in the regional economy.
09/20/2018
Succession gets back on IFA acquisition trail with two deals
Chartered financial planner McKenzie Investments has four planners including one trainee and has offices in both Inverness and Elgin.
09/19/2018
Absa’s pan-African strategy for high net worth customers
Absa had decided to have a good offshore wealth offering.
09/19/2018
Wealth Management Firm Reaches £4BN Milestone
Chief executive Alan Hudson said: "In January 2017 the company set out a number of financial aspirations, including having £5bn of funds under management by 2021, an increase of 150 per cent above the £2bn level at that time.
09/18/2018
Credit Suisse Scolded for Its Oversight of Rogue Wealth Manager
Lescaudron’s activity, which began in 2007, went undetected by Credit Suisse and his clients until a massive wrong-way bet on a Californian drugmaker in 2015 exposed his behavior.
09/18/2018
HSBC to Bolster Asia Private Banking, Double Client Assets
On September 11, 2011 HSBC displayed its logo at its headquarter in HONG KONG china, the private banking plan for expansion
09/18/2018
Societe Generale Private Banking (SGPB): Embracing phygitalization
Over the last five decades, Societe Generale has been synonymous with innovation, says Jean-François Mazaud, Head of the group’s private banking unit (SGPB).
09/18/2018
Credit Suisse eager for Thai wealth pool
Credit Suisse's Asian Family Business Report also finds that 66% of all listed companies in Thailand with market capitalisation above $50 million are family owned businesses
09/18/2018
The New Ultra-Wealthy Benchmark Is $50 Million
According to Knight Frank and Wealth-X, in part, it’s the “growing momentum of the global economy since the start of 2017”.
09/18/2018
UBS has chosen Frankfurt as its post-Brexit EU base
Major financial organisations are being forced to rethink their European strategies as a result of Brexit and the coming end to financial passporting arrangements.
09/18/2018
Rich Asian family-owned firms create more wealth
Financials, consumer staples and consumers discretionary makes up the top three sectors in terms of the sector contributions towards the total market capitalisation.
09/18/2018
Wealth management firm to create 12 jobs with office move
The new headquarters in Luke Lane, Brailsford, will keep many of the historic features of the corn stores barn conversion which was the former showroom of tile company, Stoneworks.
09/17/2018
Hawksford refines its offerings and its corporate personality to build its presence in Asia
The needs of highnet- worth (HNW) clients in Asia are ever more complicated, requiring intricate structuring of their business and family affairs, which require a deep understanding of concerns and the wealth planning ‘toolkit’ of solutions.
09/17/2018
Credit Suisse heralds calmer years ahead as overhaul ends
Thiam’s pitch is that the bank would use its investment-banking expertise to serve the ultra rich and their companies.
09/17/2018
Standard Chartered Private Bank integrates tech and tradition for new UK Resident non-Domiciled service
Standard Chartered’s UK RND service uses technology based safeguards to automatically segregate cashflows.
09/17/2018
Germany's Berenberg sells Swiss private bank to investor consortium
The acquired business has 100 staff in Zurich and Geneva, offering private banking, asset management and family office services
09/16/2018
Do-it-yourself deals are all the rage among rich investors
Ultrawealthy look beyond hedge funds and private equity to making direct investments in businesses