Managers of Wealth Offshore

Goldman's golden egg turns leaden; bank plans cuts

In an environment the investment bank characterized as "tough," Goldman said it was embarking on a new round of cost-cutting, which will include laying off some senior employees.

Banks plan Shariah assets for Asian millionaires

Malaysia’s CIMB will market more instruments in the fourth quarter for clients with a minimum of 1 million ringgit (Dh1.15 million), Badlisyah Abdul Gani, chief executive officer of CIMB Islamic Bank Bhd., said.

National IFA acquires Barker Poland corporate arm

Barker underwent a restructure in December 2009 in a move which saw its private client wealth management business transferred to newly created Barker Poland Asset Management.

Barclays bankers party with strippers and massage girls

Despite Libor-mania, rogue trading and mis-selling scandals, our pin-stripped - sorry, striped - friends partied until 6am at the Square Mile’s 7th summer party at McQueen’s in Shoreditch.

Discrete Monaco family offices display substantial demand for hedge funds and alternative investments

About 34 banks operate in Monaco, a significant number by any measure for a country of 38,000 people – however, consolidation may be on the horizon.

The health of the global private banking industry - Research

Scorpio Partnership’s annual Private Banking Benchmark of the global wealth management industry released today shows international providers weathered the storms of 2011 more successfully than smaller players.

Investment Quorum is Private Client Practitioner 'Top 25 IFA' for third year in a row

Quorum has been assessed by leading wealth management data and analysis group ‘PAM Insight’ as one of Private Client Practitioner’s ‘Top 25 IFA Companies 2012’.

France Won’t Make Payroll Tax Retroactive to Jan. 1, Echos Says

Only overtime hours from Aug. 1 will be affected, the newspaper said.

Goldman Sachs to build up private banking arm

Shift Into Lower-Margin Lending Reflects Harsh Climate Facing Wall Street

JPMorgan Cuts Investment Banking Compensation

Bloomberg reports that the unit set aside $4.91bn for pay in the first six months of the year, enough to compensate each of the 26,553 employees an average of $184,989 for the period, according to figures posted on the firm's website.

Banks plan Shariah assets for Asian millionaires

Standard Chartered, Malaysia’s CIMB tap prospects for Islamic private banking

Wealth management advisers counsel clients on remaining calm

A good deal of their job is managing emotions.

SWFs go shopping for managers

The asset management arms of banks, many of which are keen to sell, are likely to head the list of acquisition targets.

Citi awarded title of 'Best Bank in Asia'

The award process is increasingly more competitive and for Citi to continue to win the best bank award is a reflection of Citi's continued commitment, growth and investment in Asia.

Barclays reassures staff that Bob Diamond's 'baby' is safe

"This is inevitable in a situation such as this – but it is simply speculation. In the face of that, it is important that you hear from us, on behalf of the Board, an unequivocal statement: our strategy and business model were right for Barclay

Queen's Bankers Deny Breach In Security

Royal Bank of Scotland-owned Coutts, which has served as banker to the Royal Family since the 18th century, said it had no evidence that client confidentiality had been compromised.

Danger of sign-on bonus expectations

Increased adviser poaching by means of large sign-on fees could result in a growing expectation such bonuses will remain, a number of recruiters said.

Chinese bank wealth management products boom

Analysts have begun to express concern that the extraordinary rise of WMPs over the last year is creating hidden risks in China's banking system.

FirstRand duplicates private banks

BANKING group FirstRand has repeatedly been asked why it maintains two private banking brands in RMB Private Bank and FNB Private Clients.

Citigroup Private bank revenues increase 3%

Citigroup Inc. today reported net income for the second quarter 2012 of $2.9 billion, or $0.95 per diluted share, on revenues of $18.6 billion.

Wealth and Asset Management