Managers of Wealth Offshore

Singapore Rides Wave of Asian Wealth

City-State Is Surging as a Center for Private Banking as More Chinese Seek a Home for Their Cash

Quarter of Swiss Private Banks No Longer Profitable, KPMG Says

A quarter of Swiss private banks are no longer operating profitably, with smaller wealth managers facing a “critical” situation, a KPMG report showed.

Too big to fail? China’s wealth management products stir debate

It’s not yet clear how many, and to what extent, others have defaulted. But analysts say that if more flop and generate headlines like the Hua Xia case, a crisis in confidence could ensue, sparking a run on the wealth product market.

Julius Baer brings forward realignment of management structure

Gregory F. Gatesman, designated Chief Operating Officer, will join on 1 February 2013 at the expected formal completion of the acquisition.

Vistra announces rebranding of Corporate Services Belgium CVBA

Vistra now has two offices in Belgium - Brussels and Antwerp - from where it is able to offer local clients access to its network of 25 offices spanning 19 jurisdictions worldwide.

Rich Chinese Flee, Bringing Their Wealth With Them

Most countries worry about brain drain. China is worried about millionaire drain

ANZ's Chief Granted A$3.2 Million Pay Bump

But chairman John Morschel defended the scheme, which was packed by 95% of shareholders, said Mr. Smith's pay packet was "perfectly reasonable" given Mr. Smith's track record in steering Australia's third-largest lender by market

Skandia’s unbundled platform goes live

Skandia is now in a transition phase, helping advisers with the new platform.

Liontrust lifts Brooks Macdonald stake above 12%

Liontrust has bumped up its exposure to Brooks Macdonald.

Schroders hits US acquisition trail

The transaction is expected to be completed in the first quarter of 2013.

Fletcher and Beckwith join forces to form ‘London Wall Partners LLP’

Launched today with full FSA authorisation, the firm is partner-owned and funded, and will provide conflict-free advice based on a thorough and unbiased assessment of the market – principally to individuals, but also to trusts.

Aberdeen AM boardroom pay-out tops £13m for second year running

The payments came after another strong performance for the group, which entered the FTSE 100 index earlier this year.

ADIB and Campden Wealth present the Middle East first philanthropy awards

"The work of these philanthropists and foundations in the context of the Middle East and beyond is truly inspiring,"

FSA vows to keep pressure on wealth firms amid new probe

FCA has already said it will break with tradition to name and shame errant individuals as soon as a probe begins.

Fat cat crackdown as bankers' bonuses could be capped at twice salary

Bankers' bonuses would be capped at double the level of basic pay under plans being drawn up in Brussels

Target Tomorrow's Star Brokers, Not Yesterday's

According to PriceMetrix Inc., a Toronto-based company that advises U.S. and Canadian brokerage firms, the recruiting criteria that companies typically use could tilt them toward advisers whose best years are behind them.

U.K.’s Biggest Broker Takes on Funds That Made Him a Billionaire

Now, as planned rules threaten his business model, he intends to raid fund managers’ profits.

Van Lanschot takes 122 mln euro charge on goodwill

The impairment does not relate to Kempen's current activities.

Ruffer's profit soars 40% on £2bn asset rise

Ruffer Management Limited has seen a 39% rise in profit after tax.

Brewins merges Bradford and Leeds offices in branch 'tidy up'

As well as the Bradford office moving to join its colleagues in Leeds, Brewins’ Elgin office in Moray, Scotland, has relocated to Inverness, while its Dumfries hub has moved to Penrith.

Wealth and Asset Management