Managers of Wealth Offshore

AUM at Schroders still on the rise

Clients continued to put investment funds under the jurisdiction of asset manager Schroders during the third quarter, but the group is seeing a slowdown in Institutional flows.

Vontobel, Raiffeisen at loggerheads over Wegelin unit

Vontobel said on Wednesday the banks had failed to come to an agreement over whether Notenstein Privatbank, which Raiffeisen bought in January, could provide certain services directly to Raiffeisen.

Germany's second biggest lender may cut up to 6,000 jobs

Without naming sources German weekly Die Zeit reported on Wednesday that the job cuts are part of a multi-billion euro cost-cutting programme running until 2016.

Société Générale Profit Falls

"The group faces complex and demanding challenges in 2013. However, the group's transformation and limited exposure to extreme risk scenarios in the euro zone place it in a strong position to deal with these challenges," the bank said in a

Charles Stanley adjusted pre-tax profits down 17.6%

Charles Stanley has seen its pre-tax profits tumble by 34.6 per cent in the first half of this year, much of it blamed on the FSCS levy and the cost of building its direct platform.

France and Belgium to pump €5.5bn into struggling lender Dexia

Belgium will inject €2.92bn, or 53% of the total, with France providing the remaining €2.59bn

Rich move valuables East, spooked by West's economic woes

"We have a lot of enquiries from European banks, not because they want to move the assets necessarily to Asia, but because their clients are asking them to," said Joshua Rotbart, general manager of Malca-Amit Precious Metals Ltd.

New Singapore wealth managers’ group gains traction

An association of Singapore wealth managers with ultra-high net worth clients is gaining in size and visibility, as it enters its second year of existence.

RBC recognized as "Best Private Bank in Canada"

RBC has the distinction of being the first winner in this new category of the awards that celebrate excellence in wealth management, presented today at a ceremony in Singapore.

Kleinwort Benson rationalises multi-jurisdiction global fund range

The merger allows for a consistent investment process aimed at enhancing returns while minimising risk, the company stated.

Chinese wealth management products threaten banks' liquidity

The increasing popularity of wealth management products in China has the potential to reduce banks' deposits and destabilize the banking system more generally, says CreditSights.

Aussie banks grateful for wealth management income

"From the perspective of asset quality, the best point in the credit cycle is now behind Australian banks," said Fitch Ratings.

BNP Paribas doubles third-quarter profit, boosts capital

BNP Paribas doubled third-quarter net profit on the back of a bond-trading rebound and a drop in euro zone losses, helping it meet balance-sheet targets ahead of schedule despite the economic slowdown.

ING Q3 profit falls

ING Group's 3Q12 net result was EUR 609 million, or EUR 0.16 per share, including divestments and special items.

Rathbones acquires Taylor Young IM's wealth business

TYIM funds under management were £337 million at 2 November 2012 and Rathbones expects to pay a total of up to £10million for the firm.

Funds under management rise at Old Mutual

Funds under management in core operations up 4% to £263.3 billion

Leading global financial services firm selling its Indian private bank

Wealth management platforms are usually sold for about 2 to 3 per cent of the assets under management, although the sources said it was not yet clear what price tag the unit could fetch.

Skandia platform assets hit £21.8bn despite sales drop

Skandia, which has since begun to rebrand as Old Mutual Wealth, saw UK platform gross sales of £900 million, down from £1.2 billion in the third quarter of 2011.

Wealth Management Reigns Supreme at UBS

CEO of UBS Group Americas and the head of Wealth Management Americas, held a quarterly conference call yesterday with wealth management employees to brief them on the direction of the unit.

Swiss Private Bank opens ME office

The bank is one of the oldest Swiss Private Bank authorized by FINMA

Wealth and Asset Management