09/25/2015
UOB to boost manpower in private banking
UOB intensified its focus on its private bank last year to capitalise on growing wealth in Asia.
Wealth and Asset Management
09/25/2015
Bank of Singapore sees small Asia wealth managers under pressure
Though the business of managing money for Asia's rich is booming as wealth in the region has expanded, only large banks offering a variety of global products are likely to prosper
09/25/2015
Bank of Singapore sees small Asia wealth managers under pressure
Bank of Singapore gets most of its business from wealthy clients in Southeast Asia,
09/25/2015
Global estate planning forum STEP opens India chapter
The opening of the India chapter is significant as it marks the coming together of competitors
09/25/2015
Wealth firms call for FSCS reform
In his view, the Financial Conduct Authority (FCA) and FSCS cannot continue to raise fees and expect firms to pay up.
09/25/2015
SJP adds another boutique to its ranks
SJP has sought to actively recruit experienced wealth managers to launch partner practices under the SJP umbrella.
09/25/2015
The 2015 Wealth Management Industry Awards Winners
The Industry Awards recognize forerunners of innovation and leadership
09/24/2015
Swiss privare bank scoops up $1.3 billion Merrill private banking team
Group of three advisers produced $7.8 million in revenue
09/24/2015
Stifel's 'Transformational Acquisitions' Fuel Muni Growth
The acquisition of the Barclays unit will further expand Stifel's public finance role
09/24/2015
Axa Wealth CEO ‘ahead of plan’ on restructure
Mr Kellard admitted he had set some tough targets for Axa Wealth, especially given the regulatory hurdles such as RDR in January 2013 and the pension freedoms in April this year.
09/24/2015
Isle of Man-based wealth manager launches UK wealth business
The firm has filed for an FCA licence and is looking to build up teams in both its London and Manchester offices.
09/24/2015
Fund and private client services company acquires firm in Luxembourg
Their senior management team is additionally strengthened by Raphael Poncelet who is a partner in the firm.
09/24/2015
Standard Chartered's new chief awarded £6.7m in shares
Deal designed to compensate Bill Winters for leaving hedge fund he co-founded
09/24/2015
Management team buys RBS India private banking unit
The Royal Bank of Scotland announced the sale of the business
09/23/2015
Booming Art Market Paints a Picture of High Risk
Private banks typically offer these loans to their clients at a rate of 2% to 3%, lending up to 50% of an artwork’s value.
09/23/2015
Robots can't read your dreams, advice firm warns
The push towards more automated services is a huge wake up call for the industry
09/23/2015
Standard Chartered Bank to sell iconic office
The London-headquartered bank has announced a plan to save $1.8 billion cost globally by the end of 2017 and has simplified the organisation layers to deliver it
09/23/2015
Goldman CEO Lloyd Blankfein Has Lymphoma
Executive expects to work largely as normal while undergoing chemotherapy in New York
09/23/2015
Close Brothers could enter 'robo-advice' space by 2017
Following Nutmeg's move to offer advice, wealth managers have taken to robo-advice in order to capture smaller clients.
09/23/2015
How wealth firms can attract UK entrepreneurs
This is the view of Christian Fringhian, a partner at Reyl & Cie, who believes the time is ripe for non-investment banks to enter this space and attract cross-border entrepreneurs.