07/22/2013
BofA creates new retirement unit
Bank of America Corp. has combined its retirement planning and wealth management capabilities.
Wealth and Asset Management
07/22/2013
New names are weighed up for JO Hambro Investment Management
JO HAMBRO Investment Management is considering a name change to honour co-founder Richard Hambro
07/21/2013
Wegelin Chief Takes Blame for Bank's Collapse
Konrad Hummler Took full Responsibility for the closure of Wegelin & Co., after it paid US penalties of $57.8 million for helping clients avoid some $20 million in taxes.
07/21/2013
Preliminary results for 2Q 2013; UBS reaches agreement in principle to settle industry litigation with FHFA for RMBS offerings
UBS estimates that for the second quarter of 2013 its operating profit before tax was approximately CHF 1,020 million and its net profit attributable to shareholders was approximately CHF 690 million.
07/21/2013
Bellpenny acquires Entire Wealth Management
This has enabled us to remain very selective in our acquisition strategy.
07/21/2013
South African-headquartered wealth manager Sponsors Prestigious International Opera Awards
South African-headquartered wealth manager has taken up exclusive sponsorship of the newly launched International Opera Awards
07/21/2013
Arrested Vatican Prelate Aced as Private Banker
Magistrates’ says Prelate Used Web of Contacts Illegally
07/21/2013
Mayfair Mews Pays Out for Property Mogul
The Property Tycoon Wrapped up in a Legal Battle with the Serious Fraud Office Has Had One Piece of Good News of late
07/21/2013
New Economic Study Reveals Global Built Environment Wealth Tops $193 Trillion
EC Harris is today publishing a landmark global study which provides fresh insight into the current and future prosperity of nations across the world based on analysis of investment in infrastructure and the built environment.
07/21/2013
The Sullivan Wealth Management Team Leaves Morgan Stanley for BHWM; Firm Expands CA Presence
The move marks the 11th advisor team to join BHWM, and will bring a projected asset transition of approximately $110 million to the firm.
07/21/2013
Julius Baer CEO Expects Swiss-U.S. Accord to Resolve Tax Dispute
Julius Baer Group Ltd. Chief Executive Officer Boris Collardi expects talks between the U.S. and Switzerland to produce an agreement that will allow Swiss banks to resolve a tax-evasion dispute
07/21/2013
ABN Amro gets ready for Privatisation, if the Timing is Right
Nationalised Dutch Bank ABN Amro will be ready to be privatised again by Next Summer
07/20/2013
HSBC not Willing to let go its Private Banking Business
Reshaped European structure could help the private bank expand in markets of Asia and Latin America
07/20/2013
Cost of weeding out criminals and tax cheats hits private banks
Private banks managing the financial affairs of the world's wealthy face spending millions of dollars every year on vetting new clients
07/18/2013
Abu Dhabi sell £2.2bn stake in Barclays
Abu Dhabi has sold its entire holding in Barclays worth more than £2bn, it has been revealed.
07/18/2013
Seymour Pierce buy helps WH Ireland hang in the black
WH Ireland’s acquisition of Seymour Pierce’s private client business helped the firm posted a tiny profit in its first half.
07/18/2013
UBS Leading Southeast Asia Stock Sales on Billionaires
UBS AG Jumped to the Lead among Share-Sale Underwriters in Southeast Asia for the first time in six years,
07/17/2013
Bank of Singapore picks M&C Saatchi to reach out to more HNW's
Bank of Singapore, the wholly owned subsidiary of OCBC Bank, has selected M&C Saatchi Singapore as its creative agency.
07/17/2013
Arbuthnot Private Bank assets surge 28% in H1
Profit for the period decreased to 1.40 million pounds from 10.43 million pounds prior year.
07/17/2013
Morgan Stanley Q2 profits up 66%
Morgan Stanley said second-quarter profits rose 66%, as higher revenue from executing client trades and growth in its wealth management unit more than offset the impact of rising interest rates.