07/28/2017
Bangladesh black money in Swiss banks--a reality check
Switzerland is not the only place where the fugitive money takes wings from our capital-starved country.
Wealth and Asset Management
07/28/2017
Citigroup to move part of private banking to Madrid due to Brexit
Madrid has been seeking to lure global banks after Brexit.
07/28/2017
Credit Suisse Draws on Private Bank, Swiss Unit for Profits
Net profit: $312.6 million vs. expected $311.3 million, according to Thomson Reuters.
07/28/2017
UBS Asset Hiring in China Amid Race for Private Funds Share
The stakes are high as foreign funds race to gain a foothold in China’s burgeoning fund management industry.
07/28/2017
Zurich wealth manager names new CIO
Commenting on the new appointment, Maurizio Genoni, CEO at the firm, said Müller will be able to contribute his hedge fund know-how in his new role.
07/28/2017
Coutts supporting US expatriates to break through investment barriers
The Coutts US Investment Management Service provides two portfolios – balanced and growth
07/28/2017
Basellandschaftliche Kantonalbank launches digital wealth manager
The new product sits within the cantonal bank’s e-banking system and allows customers to implement online asset allocation via ETFs.
07/28/2017
Hyposwiss Private Bank acquires Zurich wealth manager
Hyposwiss CEO Niels Bom Olesen will chair Fimanor’s board of directors alongside new vice-chairman Solly Alain Lawi.
07/27/2017
Swiss banks must cut costs despite healthy 2016 performance
One of the larger parts of the wider Swiss economy, representing 10% of the economy in 2014, with the banking sector representing more than half of the amount.
07/27/2017
Swiss bank EFG now expects to hit growth target in 2019
Assets under management end-H1 138.4 bln Sfr, down 4 pct
07/27/2017
Raymond James posts 3Q profit
The results generated in the quarter were largely attributable to growth of client assets as a result of both net recruiting of financial advisors and market appreciation, strong investment banking revenues, and the positive impact from higher short-term
07/27/2017
Barclays Acquisition Boosts OCBC
Oversea-Chinese Banking Corporation's private banking business continued to achieve strong growth.
07/27/2017
Inflows at Schroders beat expectations
Profit before tax and exceptional items up 23% to £361.5 million (H1 2016: £293.7 million)
07/27/2017
Charles Stanley discretionary assets rise as clients transfer from advisory
Charles Stanley’s total funds under management and administration at the end of June were £24.1 billion
07/27/2017
Worried wealthy drive St. James's Place funds to record high
The number of advisers, who form part of the group’s Partnership network, also grew, rising by almost 4 per cent since the start of the year to just over 3,500.
07/27/2017
Brooks Macdonald FUM rises 26% to break £10bn mark
"Strong organic growth takes FUM through £10bn; further investment in underlying business."
07/27/2017
Belfast wealth firm makes finals of top industry awards
An advisory board of figures from the investment and SME community will judge entries ahead of the final.
07/27/2017
Vontobel's Asset Locomotive Stalls
Total assets under management rose 6 percent to 146.5 billion francs in the first six months of the year, slightly ahead of a poll forecast for 145 billion francs.
07/27/2017
Goldman Partners With Fidelity to Offer Loans to Wealthy Clients
The effort is the latest from Goldman Sachs to take advantage of a banking license it acquired during the financial crisis
07/27/2017
Continued wealth management support fuels rising ETF assets
A survey published earlier this year from BBH found that some 54 per cent of respondents believed that robo-advice presents an opportunity for their business as opposed to a threat.