02/09/2018
Ultrahigh-net-worth wealth unit of U.S. Bank expands into new region
The new office in La Jolla will serve individuals and multigenerational families "who aspire to make an impact with their wealth," Ascent said.
Wealth and Asset Management
02/08/2018
DBS Matches Swiss Wealth Peers
Citing recent reports from the Asian business of Switzerland's UBS, Gupta claimed DBS' wealth unit enjoyed comparable performance in attracting new money.
02/08/2018
Pro-EU campaign secures £400,000 from George Soros
A campaign group fighting to keep the UK in the EU has received £400,000 from billionaire investor George Soros.
02/08/2018
Singapore's DBS expects higher margins as fourth quarter profit jumps
Kicking off the reporting season for Singapore’s banks on Thursday, DBS said its fourth-quarter net interest margin, a key gauge of profitability, rose seven basis points to 1.78 percent.
02/08/2018
Société Générale ekes out quarterly profit despite charges
Results helped by an improving trend in bank’s French and international retail units
02/07/2018
Equities Might Matter So Much Less For Your Wealthiest Clients
For most affluent families, Desjardins finds that primary residences and vehicles are the most "massive" components of wealth at the beginning stages.
02/07/2018
For China’s Wealthy, Singapore Is the New Hong Kong
It’s farther from the authorities in Beijing—and a nice place to keep an apartment. By Chanyaporn Chanjaroen , Keith Zhai
02/07/2018
deVere to expand its graduate programme to meet growing and evolving demand
Mr Green goes on to say: “Like the industry itself, the deVere Group Graduate Programme is known to be hard work and intense.
02/07/2018
Edmond de Rothschild nets €345m for biotech fund
Fundraising comes as private-equity unit looks to spin out from parent company
02/07/2018
Harwood Wealth to manage Frenkel Topping mandates
As volumes of funds managed by Frenkel Topping increase, the percentage fee payable to Harwood Wealth will reduce.
02/07/2018
For China’s wealthy, Singapore is the new Hong Kong
The rich may be feeling exposed by changing banking practices.
02/07/2018
Pictet Profit Surges Ahead of Collardi Entrance
The discreet bank recently raided rival Julius Baer of its CEO, who will become one of seven partners at the discreet 213-year-old Genevan bank.
02/07/2018
Bank of Singapore eyes more private bankers in Dubai as assets jump
The bank has close to 50 relationship managers in Dubai, up by around a 40 percent since 2016, and is targeting further growth by 2020.
02/07/2018
Some bankers in Asia will live to regret becoming MDs this year
UBS, Asia’s largest wealth manager, is ahead of the game as usual.
02/07/2018
Alternative assets used as 'a means to an end' - 7IM
Bonds won’t help in the next bear market
02/07/2018
Man Group Forms First Onshore Fund in China
Man Group’s first onshore fund in China marks a positive turn for the British firm.
02/06/2018
Partnership Breakthrough for Lombard Odier's Asian Chief
Asia is a key strategic growth market for the Swiss bank and Magnenat will continue to be based in the region, according to an internal announcement by the bank.
02/06/2018
BNP Paribas profit hit by lower revenue
This low level is due in particular to the good control of risk at loan origination, the low interest rate environment and the continued improvement in Italy thanks to the repositioning on better corporate clients.
02/06/2018
Wells Fargo Advisors Assures Brokers They Can Keep Growing
Managers also can continue recruiting brokers to the firm.
02/06/2018
Hargreaves Lansdown pretax profit, assets under administration rises
Net new business was £3.34bn during the period, up 43% compared to the same period a year ago as the financial services firm reported 61,000 increase in active clients to a total of 1,015,000 active clients since 30 June 2017.