03/29/2012
Investing in the art market
In the last couple of years, the art market has been enjoying a revival as investors begin to realise the importance of art as an alternative investment to diffuse risk
Wealth and Asset Management
03/29/2012
Merrill, Morgan Stanley seen losing grip on rich
The companies together had $2.1 trillion in assets from clients with at least $5 million to invest.
03/29/2012
UBS winning US race for top brokers, but at what cost?
That strategy has drawn at least 48 brokers with more than $6 billion in client assets under management since January, based on moves of top brokers tracked by Reuters, far more than the other top US brokerages.
03/29/2012
Pursuit of real estate by rich lifting up Hong Kong prices
It found that the prices of high-end properties in Hong Kong have increased at a 60 percent compound annual rate since 2009.
03/29/2012
Hong Kong private bankers seek less red tape
Hong Kong’s private banking industry is in talks with the government and regulators seeking the removal of some red tape and compliance requirements implemented after the financial crisis, to help it sell products to more of the region’s multi
03/29/2012
DBS Pays CEO Piyush Gupta S$8.08 Million on Record Net
Conner will retire as CEO next month after a decade running OCBC. He will be replaced on April 15 by Samuel Tsien, who has run the bank’s global corporate bank since 2007.
03/28/2012
Women executives in banks prone to more risk taking, says study
The report claims that the presence of women in senior roles across the German banking sector was a contributing factor to the banking crash, alongside the bonus culture and lack of sufficient regulation.
03/28/2012
A little austerity for the rich could go a long way
Cutting high wages would allow employers to take on many more employees.
03/28/2012
Cybercrime threat on the rise, says PwC report
The PwC report claimed that cases, and the perceived threat from the crime, had grown in the sector globally.
03/28/2012
AXA Wealth announces restricted advice model
The package, which will run alongside its existing independent advice model, is expected to be available in the market in Q2, and will offer a flexible, bespoke approach to what AXA Wealth currently offers by way of support and pricing.
03/28/2012
Swiss Bank UBS Rejects Allegations in French Book
The bank said the allegations in the book "Ces 600 milliards qui manquent a la France" — or "The 600 billion missing from France" — were "false and ungrounded."
03/28/2012
EU lawmakers want tougher rules on banker bonuses
The bloc's parliament and member states are approving a draft law to implement Basel III, global rules to toughen up bank capital and liquidity requirements from 2013 to plug regulatory gaps highlighted by the financial crisis.
03/28/2012
Adams Hall Asset Management Opens Dallas Office
Firm appoints experienced wealth management professional to lead expansion into Texas
03/28/2012
TV Journalist Starts Woman-Owned Advisory Firm in Manhattan
Back in 2010, Financial Planning featured Wong Ulrich on its cover with a story she authored about the changing face of financial planners. In the piece she argued that more planners of color are needed to serve the growing ranks of wealthy minorities.
03/28/2012
Citigroup Study Shows Asian Rich Topping North American
The number of Asians with at least $100 million in disposable assets overtook North America’s tally for the first time as the world’s “economic center of gravity” continued moving east, Citigroup Inc.’s private bank said.
03/28/2012
Citigroup Study Shows Asian Rich Topping North American
The number of Asians with at least $100 million in disposable assets overtook North America’s tally for the first time as the world’s “economic center of gravity” continued moving east, Citigroup Inc.’s private bank said.
03/28/2012
RBC Pushes to Double Wealthy-Client Assets in Emerging Markets
Royal Bank manages about $20 billion for customers living in those markets through local offices and wants to expand that to $50 billion, Barend Janssens, head of wealth management in emerging markets for the Toronto-based lender, said today in an intervi
03/28/2012
Private banking is huge but banks mustn’t overlook common folk
Private banking is now big business.
03/28/2012
Will the British Rich Stop Giving?
The U.K.’s new budget has ignited all manner of class warfare. Retirees say it’s a gift to the rich at the expense of the poor. The wealthy say it’s another attack on success and job creators.
03/28/2012
Coutts investment complaints up 32% on year
Coutts has continued to see a steady increase in the number of client complaints filed with it, with banking complaints up almost 10% on the year before and investment complaints up 32.1%.