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.
Wealth and Asset Management
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.
12/19/2018
Tilney looking to tap into Northern Ireland wealth market
The firm’s move into the region is a testament to ‘the growth of private wealth’ in the country
12/19/2018
Julius Baer reports Assets under management at CHF 395 billion
Assets under management at CHF 395 billion – Net new money growth close to 5% – Drop in client activity in Q3 affecting gross margin and cost/income ratio – Enhancing focus on core markets and reducing complexity
12/19/2018
Credit Suisse Tells Wealthy Clients to Move Assets Out of U.K.
The bank told finews.asia in a reply that the «House View» of the bank did not currently advise clients to move assets because of Brexit or other political developments.
12/19/2018
Looking Ahead: Capital Markets & Structured Products
A structured products expert commented that they allow investors to manage and express any views on the markets.
12/19/2018
Falcon Private Bank: Green Light From the Middle East
The company in the first half of this year was on the brink, having lost a string of executives, relationship managers and – as a consequence – assets under management.
12/19/2018
UBS Wealth Has Hedge Fund-Like Playbook to Combat Market Mayhem
Swiss private bank pitches strategies akin to relative value
12/19/2018
Octopus launches restricted advice firm to serve younger market
‘Octopus Wealth’ will build technology to help plug the financial advice gap in the UK
12/18/2018
UBS Agrees to Pay $15 Million Over Money Laundering Lapses (1)
Bank brokerage moved more than $9 billion in two-year period
12/18/2018
Standard Chartered spins off private-equity arm
Bank expects to take a restructuring charge of about US$160 million related to the transaction.
12/18/2018
UBS managed Zurich Italian property fund buys Eurcenter for €90.3m
Coima said the sale price represents a premium of 13% to the asset acquisition price in August 2016 2016 and a 4% premium to the last book value of the property as of 30 June.
12/18/2018
Credit Suisse reportedly advises ultra-wealthy clients to consider shifting assets out of the UK
The FT reported Tuesday that ultra-high net worth individuals (UNHWI), were advised they might want to "accelerate" plans to move their investments out of London before Brexit chaos.
12/18/2018
Dubai wealth fund ICD announces six-month net profit of $2.7bn
Investment Corporation of Dubai says revenues boosted by oil and gas and transportation during first six months of 2018
12/17/2018
Citi to open new 'wealth centres' to attract well-heeled customers
The global bank is planning to have four new "wealth centres" open within two years
12/17/2018
Top 10 countries the super-rich call home
Canada is one the ten most actively trading nations.
12/17/2018
CI Financial to buy majority stake in Canadian robo-adviser
“We are delighted to enter this strategic partnership,” said Tea Nicola, Co-Founder and Chief Executive Officer of WealthBar.
12/17/2018
Vintage Violins’ 8% Gain Fuels Returns for Ex-Banker’s Clients
String-instrument broker now plans to launch his first fund
12/17/2018
Indosuez Wealth Management opens office in Barcelona
The move is in line with Indosuez WM's expansion plans in Europe with a focus on Spain, where the firm has increased its assets under management by 33% over the past year amounting to €4bn at the end of September 2018.
12/17/2018
New Partner Firm to Join Focus Financial Partners; Two New Firms to Join Buckingham Strategic Wealth
Focus also announced that Alpern Wealth Management, LLC and Griffon Financial Planning, Inc. have entered into definitive agreements to join Focus partner Buckingham Strategic Wealth.