08/11/2016
Financial fertiliser - St. James's Place
Governor Mark Carney indicated that the BoE had chosen to prioritise supporting growth over taming inflation.
Wealth and Asset Management
08/11/2016
The conversation clients need to have with their wealth managers
This distinction is important because these two sets of clients approach risk in a significantly different manner.
08/11/2016
Old Mutual profit up on lower tax expenses
As part of its separation, the investment firm on Tuesday announced the sale of its Italian wealth arm to private equity-backed Ergo Italia for €278m.
08/11/2016
OCBC Bank set to disrupt wealth management and customer service with these 3 startups
As it turns out that objective wasn’t just ‘blue-sky thinking’ on OCBC’s part.
08/11/2016
Credit Suisse CEO says bank does not need to raise capital: Bloomberg
The bank's shares were down 48.8 percent this year up to Monday's close.
08/11/2016
Sale price of Swiss bank BSI plummets due to 1MDB scandal
EFG had earlier announced that it planned to pay roughly 1.33 billion francs for Lugano-based BSI, in a deal expected to close later in the year.
08/11/2016
Brexit Uncertainty Has Wealthy Asians Looking West
Increased uncertainty and volatility has accelerated the trend
08/11/2016
Old Mutual to cut jobs in London as part of restructure
The head office in London is being restructured to support a holding company focusing mainly on two functions.
08/11/2016
Chinese Lender Invests in Hong Kong Wealth Manager
We can form a partnership to develop high end wealth management for Chinese clientele.
08/10/2016
UBP Undeterred by Oil Price Drop
Geneva-based UBP is still upbeat on business with wealthy clients from the Middle East, despite a sharp drop in the price of oil, according to private banking head Michel Longhini.
08/10/2016
Deutsche Asset Management invests €490m in Spanish retail property
The company said, that since opening in 2001, the asset had maintained a solid performance and continuously increased sales and visitor figures.
08/10/2016
BTG Pactual’s Swiss unit BSI posts second-quarter USD6.4b outflows
The Malaysian fund known as 1MDB is thought to have carried out $4 billion in irregular deals in recent years.
08/10/2016
Raiffeisen – the Bank of Swiss Cities
Growth of interest income was above average in the cities areas where Raiffeisen traditionally hadn't been strong.
08/10/2016
Credit Suisse: Ultra-Rich Facebook Looking for Asian Investors
Credit Suisse has switched to spending and expansion mode for its private bank: it's «entrepreneur's bank» is taking shape in the U.S. And a planned social network for the ultra-wealthy harbours global ambitions.
08/10/2016
Rothschild & Co's revenue rises on increase in M&A business
The company said market volatility had adversely affected client activity in its private wealth and asset management business, resulting in a 5 percent drop in revenue to 89.4 million euros.
08/10/2016
The surge in wealth mergers
This analysis looking at the increasing trend towards M&A activity should also be balanced by a consideration of the other issues that are driving wealth management firms towards growth and consolidation.
08/09/2016
14 financial advisers banned in wealth management purge
Three of those banned are on a permanent blacklist and one faces criminal proceedings in the crackdown on dodgy advice.
08/09/2016
Standard Life's platform pushes profits to £341m
Standard Life said this drop was due to the impact of market volatility on investor confidence.
08/09/2016
Old Mutual sells Italian business for €278m
“I am extremely proud of the Italian team and what they have achieved. I believe that the growth prospects of Old Mutual Wealth Italy will be enhanced under Cinven and ERGO Italia’s ownership.”
08/09/2016
Van Lanschot and Achmea agree sale of Staalbankiers’ private banking activities
Staalbankiers clients and employees will be advised of the takeover today.