10/08/2012
Global banks jostle to tempt the rich in the Arabian Gulf
Money to spend: HSBC and Barclays are bolstering their presence in the GCC countries in an attempt to manage more cash from wealthy investors.
Wealth and Asset Management
10/08/2012
Where Do the Wealthiest Expatriates Live?
A small island state in Southeast Asia has come out tops in a listing of countries that boast of the richest expatriates.
10/08/2012
Julius Baer to cut 1000 jobs after takeover
Julius Baer is targeting to reduce the pro forma combined staff base of approximately 5,700 in over 50 locations by 15% to 18%.
10/08/2012
Seven Investment Management joins SUGGESTUS
Following an extensive due diligence process, 7IM has also been awarded the ARC Approved Due Diligence Kitemark.
10/08/2012
Needs of Advisors and Investors in Asia Not Being Fully Met - RESEARCH
New Research from SunGard Reveals Needs of Advisors and Investors in Asia Not Being Fully Met
10/08/2012
Garber and Hannam to Buy FF&P’s Russian Assets
The value of the transaction wasn’t disclosed
10/08/2012
More than 400 €1million homes put on the market in Paris since socialist Francois Hollande elected to power
Many of France's super-rich want to escape to 'wealth-friendly' countries like Britain, Switzerland and Luxembourg.
10/08/2012
Van Lanschot successfully issues EUR 500 million of senior unsecured bonds
The bonds have a 4-year term
10/08/2012
HNW join ranks in not trusting banks
Some 70% of the UK’s wealthy with over £250,000 investable assets have less faith in the banking industry compared to one year ago.
10/08/2012
Boris courts French wealth
"We say to the people, not since 1789 has there been such tyranny in France," Mr Johnson joked, referring to the French Revolution. "I am very keen to welcome talented French people to London."
10/08/2012
Boris courts French wealth
"We say to the people, not since 1789 has there been such tyranny in France," Mr Johnson joked, referring to the French Revolution. "I am very keen to welcome talented French people to London."
10/08/2012
Online private banking service aims to offer portfolios ‘for everyone’
The start-up is hoping to take advantage of this with its online service for anyone with at least £1000 to invest.
10/07/2012
Credit Suisse readies more New York-area layoffs
Credit Suisse Group will lay off another 78 employees in the New York region by year-end, its fourth round of cuts for the area this year.
10/07/2012
Wealthy Russians turn to private banks for lifestyle solutions
Various Russian asset managers and private banks offer art banking solutions.
10/07/2012
Sweden gets tough on millionaire tax dodgers
Over six billion kronor have come in from Switzerland and Luxembourg alone.
10/07/2012
Wealthy cut spending and limit investment
Leeds-based wealth management company Pearson Jones consulted 847 clients, most of them from Yorkshire and the North East.
10/07/2012
50 years of James Bond: Evening charity auction totals $1,214,448 at Christie's
Within the first 90 minutes of the auction every item listed had received bids originating from over 40 countries.
10/07/2012
Life’s Luxuries Cost a Packet for Wealthy Asians
The bank also published a lifestyle index based on a ‘basket’ of 20 luxury brands for sale in Hong Kong, Shanghai, Singapore, and Mumbai.
10/07/2012
EFG Financial Products announces initial public offering
Listing and commencement of trading is expected on 19 October 2012.
10/07/2012
Julius Baer gives details on rights issue
Julius Baer announced the acquisition of Merrill Lynch's overseas wealth management business in August as it seeks to expand in fast-growing emerging markets.