Managers of Wealth Offshore

Bank of England warns banks not to waste spare cash on bonuses

Banks were yesterday ordered to put their houses in order to stop a new financial crisis crippling the country.

UBS Revamps Leadership in Americas Wealth-Management Unit

UBS AG, the Zurich-based investment bank, shifted leadership roles within its wealth-management Americas unit, according to a memo today from Americas Chief Executive Officer Robert McCann.

Morgan Stanley wants to buy out Citi from wealth JV

Morgan Stanley is interested in buying all of Citigroup Inc's stake in their wealth management joint venture this year in what could be a roughly $10 billion deal, said people familiar with Morgan Stanley management's thinking.

Nicola Horlick to launch £2m film fund

Ms Horlick said: "Because we are able to work with top producers in Hollywood, the risk of failure looks as though it will be lower than we originally anticipated, which is reassuring for our investors."

Singapore aims to become non-profit hub

Singapore has long courted international banks and companies in its drive to become a financial hub but it is also wooing a very different sector: non-profit groups including campaign charities.

Is Hong Kong Asia's Next Trust Centre?

Historically, setting up private trusts offshore has been a preferred vehicle for Asia’s wealthy families and individuals to manage their assets as they crave the discreetness and protection that offshore trust laws offer in times of war or major li

BofA Merrill Lynch Launches New DC Investment Consulting Services

The firm also plans to help its plan sponsors educate participants on the 401(k) and defined benefit plans they participate in.

Charities threaten to boycott donors’ summit over tax plans

Leading charities are considering boycotting a high-profile philanthropy conference hosted by Downing Street this spring and a number of wealthy individuals have warned their own giving will fall as anger grows over Budget plans to cap tax relief on donat

Major product changes ahead for planners

Product providers are reassessing their offerings to the independent adviser market, according to ANZ Wealth, with new strategies under development to address massive issues.

Australia’s Richest Query Private Equity Morals

It’s rare that questions of honor are raised in the buyout industry. But according to Tom Murphy, who manages investments for as many as 40 of Australia’s richest families, it’s time they were.

FSA fines UK private bank £8.75

The FSA identified deficiencies in nearly three quarters of the PEP and high risk customer files reviewed.

Barclays Targeting Super-Rich in Middle East, Africa, Russia

Barclays Plc (BARC) is targeting millionaires in emerging markets and squeezing more revenue from super-rich clients with at least 50 million pounds ($79.3 million) of investable assets.

Aberdeen assets soar £10.5bn in two months‎

Aberdeen says the latest figures reflect “the continuing theme” of flows into higher margin products across the business.

Private Investors Have More Confidence in the Stock Market-Research

According to the research, many investors think stocks are good value after a period of weakness and are starting to invest once again.

UBS grabs Merrill rainmaker to head investment bank

"It's a great hire. He is a relationship man, not a manager and (UBS's chief executive Sergio) Ermotti knows him well", said a top UBS banker in London.

Value for money? private client satisfaction falls

Concerns over whether wealth managers are delivering value for money drove client satisfaction lower in 2011, according to consultants MDRC.

Philanthropy tax: Charities enraged as Chancellor targets big donations

Rich philanthropists will be deterred from making large donations to charities following a change to tax relief rules, the Government was warned last night.

30% Club renews efforts to get women on UK boards

The 30 per cent Club Investor Group is stepping up its commitment to get more women on the boards of UK companies.

The Focus of Corporate Philanthropy

It’s not surprising that CEOs and other decision makers would want to promote these issues. The skeptics can say that this is self-serving and benefits business.

48pc of Americans pessimistic about financial markets - survey

Bleak Outlook Creates Investor InertiaThe survey, conducted between February 9 and 12 of this year, found that worries about the markets and the economy are leading investors to delay making investing or planning decisions.

Wealth and Asset Management