Managers of Wealth Offshore

Asia-Pacific’s affluent puts money into “investments of passion”

An increasing number of millionaires in the Asia-Pacific region are showing interest in so-called investments of passion such as art, jewelry and collectibles

Wealth managers see turnaround in net new money

Scorpio suggests that the growing dominance of the top 20 reflects consumer demand for a single wealth manager proposition

FIBA Wealth Management Forum

The FIBA Wealth Management Forum 2013, will provide an overall perspective on the industry as well as explore the challenges and opportunities resulting from global and regional changes.

Moelis reveals $35m cash pot for bankers

The firm is hamstrung in rewarding staff because their ownership stakes cannot be traded in secondary markets like equity.

Big banks win the wealth offensive

The Scorpio Partnership Global Private Banking Benchmark 2013 indicates strong rebound among 209 global wealth management players; UBS takes ranking top spot as a “champions league” of firms emerge

Regulatory Legal partners with wealth manager to offer services to IFAs

Law firm Regulatory Legal has set up an alternative business structure with a wealth manager to package up legal advice for financial advisers to provide to their clients.

UOB first in Singapore to offer online access to gold, silver accounts

United Overseas Bank Ltd has become the first bank in Singapore to offer retail customers online access to their gold or silver savings account,

Quilter Cheviot adopts new corporate identity

he group has created a new logo and website and from now on the Quilter & Co legal entity will be renamed Quilter Cheviot Limited

The $50,000 financial plan: Wealth firms target the super rich

Advisers at UBS and some other wealth management firms are now moving into this market and charging wealthier clients the equivalent of a new BMW

Swiss banking exodus: Going (HSBC), going (Generali), gone (Lloyds, ING, Santander)

Rising costs and increased scrutiny have led foreign banks to conclude exit is the best option

Singapore unlikely to overtake Switzerland in wealth management

Singapore is unlikely to overtake Switzerland as the biggest wealth centre in the world any time soon, but it should strive to play to its strength in world of global finance, Prime Minister Lee Hsien Loong has said.

DBS to expand branch network 7 fold to build SME & HNI customer business

DBS does not plan to lend to retail clients which becomes difficult in the absence of local knowledge and when the local banks are strong.

Asset managers are putting huge efforts into looking to new areas of growth - BNP

Distribution management is even more complex for asset managers having multiple fund ranges in various domiciles, as they encounter regulatory nuances across locations, in various languages and with multiple points of contact.

Axa becomes IFP lead corporate member

We welcome the support and commitment of both AXA Wealth and Architas by becoming IFP platinum corporate members.

7IM unveils revamped platform pricing after FCA forces rethink

The company will now charge 25 basis points (bps) as a platform fee for investments in its 7IM funds.

Vestra Wealth buys out Goldman

Vestra now has 22 partners and controls £3.6 billion in assets under management.

Ashcourt Rowan opens Exeter office

Wealth management group Ashcourt Rowan has strengthened its presence in south-west England

Expats rush to send more cash home from UAE as value of dirham soars

Business at currency exchanges surged by as much as 25 per cent after the dollar hit a three-year high, boosting the value of dirhams sent home by expatriates.

UBP to shed 300 jobs after Lloyds unit purchase

Union Bancaire Privee (UBP) plans to cut around 300 jobs from the international private banking arm of Lloyds Banking Group Plc which it just bought

HSBC to exit from wealth management in Korea

That leaves behind its global banking and markets business, which serves corporate clients.

Wealth and Asset Management