06/24/2012
StanChart Forays Into Islamic Private Banking
With the fast development of this industry, Muslim High Net Worth Individuals (HNWIs) are increasingly expecting Shariah compliance in managing their wealth, making Islamic wealth management solutions a key market need.
06/23/2012
Julius Baer is interested in the acquisition because of the unit’s strong presence in Asia and Latin America, Collardi said, according to the newspaper.
06/21/2012
Covenant deconstructs family office model, brings institutional management and boutique services to high net worth clientele
06/21/2012
The United Arab Emirates’ second-biggest bank’s Geneva- based unit oversees about 2 billion francs after it started in 2007 to provide wealth-management services for international clients with at least 10 million francs of investable assets, T
06/21/2012
The banks sought to quell speculation of a rift after Sarasin's two independent board members said on Tuesday they would resign as soon as Safra's acquisition was completed.
06/21/2012
This is particularly evident in the UK and other similar jurisdictions which host a significant number of financial services firms, many of them private banks and wealth managers serving retail, affluent and high net worth individuals.
06/21/2012
Each high-net-worth individual has a unique situation and goals related to their wealth, and therefore a specific set of needs.
06/21/2012
At regional level, ABN AMRO is ranked favourably by high net worth clients. It is among Top 5 Best Global Private Banks in Asia, for the US$5.01 million - US$25 million AUM category, and among the Top 10 Best Global Private Banks in Asia, for both AUM ca
06/21/2012
Three commercial segments in the state-owned "Latvian Mortgage and Land Bank" have been acquired by Swedbank,
06/20/2012
Executives who oversaw trust officers and private-client advisers at the firm’s U.S. Trust unit were dismissed this month amid a companywide review of expenses (BAC) at the Charlotte, North Carolina-based bank, said the people, who requested anonymi
06/20/2012
Hong Kong had leapfrogged Singapore in 2010 after falling behind in 2008.
06/20/2012
According to US asset managers Madison Dearborn and Hellman & Friedman have expressed an interest. Dearborn declined to comment. Hellman and Clayton failed to provide a response.
06/20/2012
Financial planning-led IFAs will pose serious competition to traditional wealth management firms that have been slow to adapt to regulatory change, a report from KPMG has claimed. Financial planning-led IFAs will pose serious competition to traditional we
06/20/2012
Deutsche Bank AG and Guggenheim Partners have ended negotiations on the potential sale of RREEF, the German bank's global alternative asset management business, after failing to agree on terms, Deutsche Bank said on Wednesday. Deutsche Bank AG and Gu
06/20/2012
RBC Wealth Management’s British Isles Trust and Fiduciary Services business has been named on Private Client Practitioner’s list of the Top 25 Trust Companies for the second successive year.
06/20/2012
Swiss private bank axes 100 jobs
Switzerland's $2.1 trillion wealth management sector has been consolidating since the financial crisis, as an increase in costs and regulation coupled with lower asset values and pressure on margins force some institutions to trim staff costs.
06/20/2012
Leading private bank launches philanthropy consultancy
Dame Stephanie Shirley OBE, a British businesswoman, and Haldun Taşman, a Turkish businessman and the founder of the Turkish Philanthropy Foundation (TÜSEV) were also in attendance.
06/20/2012
Thailand's largest securities firm set to focus on wealth management
The brokerage has about 80,000 accounts, of which 50,000 are actively traded.
06/20/2012
MWM scores well on both these counts. It gives you an overview of your account that groups holdings according to the broad asset class they fall into – shares, bonds, funds, ETFs structured products and cash – and it also illustrates how your
06/20/2012
income earners gathered for a private fashion show at the Plaza Hotel in Midtown Manhattan for the latest line from designer Douglas Hannant.