Swiss Private Bank Posts Bumper Profits
While its interest income was stable, it benefited from a ten percent fillip in commissions and fees, which make for a weightier share of its income.
Wealth and Asset Management
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RBC Wealth Draws $327M Practice from JPMorgan
Knutson says the team was drawn by RBC Wealth’s ability to offer personalized tools to help serve clients.
Credit Suisse’s António Horta-Osório learns the rules aren’t just for the little people
The taxpayer’s 43 per cent stake had been sold off and Horta-Osório had bounced back from personal issues
Zoe Announces Their Partnership with Exencial Wealth Advisors
Excellence and accountability are two of the main values that each of their advisors works by and all of them are passionate about helping clients formulate plans to achieve their purposes.
Raymond James takeover of Charles Stanley gets final go-ahead
A month after regulator approved the acquisition
Is the term ‘private banking’ still relevant?
Surely - the blurring of the lines and business models between the different types of wealth management firms now operating in Asia raises important questions over whether ‘private banking’ is still relevant.
Why gold is the ultimate asset for wealth preservation
Many investors lost their shirts as market values plummeted quickly, and stayed low for a sustained period.
AIA Singapore merges wealth and health offerings
The move is meant to meet the ‘underserved needs’ of high net worth clients.
Swiss bank UBP boosts assets under management 8.8% in 2021
Revenue was 5.9% higher than in 2020
Citadele has agreed to sell its Swiss subsidiary
The closing of the acquisition is expected by year end 2022, subject to regulatory approvals.
Thomas Gottstein's Most Difficult Task
The praise from London is per se pleasing, but puts Switzerland's second-largest bank under massive pressure, namely its CEO Thomas Gottstein.
Moving past the peak
While economic growth and stimulus should become less positive this year, inflation and the virus impact should become less negative too. We’re tactically overweight US equities and a range of credit exposures