Managers of Wealth Offshore

UBS cuts bonus pool to $3.2bn, IB bonuses down 60pc

The comments were published overnight in the bank's annual report, confirming bonus pool figures outlined on February 7 when UBS gave earnings.

Nomura hires former Deutsche exec for wealth management role

He was previously Deutsche Bank’s Hong Kong-based head of investment advisory for North Asia, according to data compiled by Bloomberg.

RBS wealth head and Coutts' deputy chairman retire

He recently joined the board of Adam & Company. Pell has not been replaced.

RIT Capital and Edmond de Rothschild form fund firm

In the coming year, RIT and Edmond de Rothschild Group will work together to strengthen their co-operation on investment opportunities and fund management.

McKinsey’s Prescription for Private Banks: Look to Fast-Growing ‘Core Millionaires’

Serving this segment of the wealth market will require fundamental changes

How wealth management has changed since 2000

In the past 10 years, investors have seen several historic names absorbed by banking giants or rivals, while the survivors watched the rise of aggressive and ambitious boutique firms.

Wealth managers in fresh hit as FSCS levy rises to £60m

The likes of Brewin Dolphin, Rathbones and Charles Stanley will be forced to fork out for the collapse of a number of financial services firms after the FSCS interim levy was raised to £60 million.

Why Singapore Is Now a Haven for Some Investors

But a growing number of more adventurous investors are now seeking safety by buying bonds from a tiny, affluent nation 9,500 miles away.

Asia-Pacific Billionaires: Net-Net Negative

Choppy stock markets took the sheen off the world’s new billionaire factory, the Asia-Pacific region, with three dozen Chinese and nine Indians dropping from last year’s list.

Advisers back FSA crackdown on banks’ wealth units

Wealth managers welcome warnings over upselling by banking groups into private banking and wealth arms.

UBS Final 2011 Profit Lower than Preliminary Result

UBS's Annual Report for 2011 provides comprehensive information on the firm, its strategy, business, governance and financial performance. It contains both audited and unaudited information.

Arbuthnot Latham doubles its pre-tax profit

Profit before tax increased to £2.0m (2010: £1.0m) as the Bank continued to successfully implement its strategy of providing a full service banking and advisory product offering

UOB targets rising rich with wealth centres

United Overseas Bank Limited (UOB) today said that it has added $260 million in assets under management (AUM) and attracted 25,000 customers in the first three months since the launch of its wealth banking segment.

Wealth manager overtakes Kengeter in UBS pay stakes

A wealth manager, rather than an investment banker, received the largest pay package at UBS last year for the first time since the Swiss bank began disclosing its annual pay practices - a sign of the group's decision to shift its focus back to privat

Standard Chartered Private Banker Held by Police in China

“We are unable to comment on the reason for her detention -- this is a matter for the police,” Singapore-based spokeswoman Melissa Cheah said in an e-mailed response to queries today. “We can confirm that Standard Chartered is not being

Senior Credit Suisse banker gets bonus despite £210,000 fine

A senior Credit Suisse trader will be paid a bonus for 2011 despite being fined £210,000 by the Financial Services Authority for "improper market conduct".

Upbeat Brooks Macdonald defies markets

WEALTH manager Brooks Macdonald has continued to enjoy solid growth in the funds it administers, even as markets tanked in the second half of last year.

Close AM loses £2.6m as restructure continues‎

Close AM lost £2.6m in the period compared with a £6m loss in the previous six months.

Sterne Agee Expands Private Client Group

Sterne, Agee & Leach, Inc., one of the oldest and largest privately-owned investment banking firms in the country, has expanded its Private Client Group with the addition of an investment office in Chicago.

Washington Wealth lands Morgan Stanley broker

Washington Wealth Management LLC, a start-up firm that has grown by hiring away advisers from top U.S. brokerages, has added its latest recruit from Morgan Stanley Smith Barney.

Wealth and Asset Management