07/04/2013
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
Wealth and Asset Management
07/04/2013
HSBC to exit from wealth management in Korea
That leaves behind its global banking and markets business, which serves corporate clients.
07/04/2013
Monetary Authority of Singapore sets out post FAIR adviser industry concerns
The Private Banking Advisory Group launched the Private Banking Code of Conduct in 2011
07/04/2013
Fitch Affirms 3 Swiss Private Banks; EFG International's Outlook Revised to Stable
Fitch Ratings has affirmed Pictet & Cie's (Pictet) and Lombard Odier & Cie's (Lombard Odier) Long-term Issuer Default Ratings (IDRs) at 'AA-' and Viability Ratings (VRs) at 'aa-'. The Outlooks on Pictet's and Lom
07/03/2013
Where Arbuthnot believes the best growth opportunity lies
Arbuthnot Latham expects to receive its full Dubai banking licence next month and is eyeing further international expansion to boost growth.
07/03/2013
TCC responds to Clive Adamson’s speech on the FCA’s approach to supervising wealth management and private banking firms
The FCA will be delving deep into the firms they are supervising to better understand the market and understand fully the end to end process that a customer experiences.
07/03/2013
Wealthy individuals 'see education as asset'
Wealthy Chinese are showing their appetite and spending patterns in luxury markets.
07/03/2013
Wealthy Appetite: HNWIs gobbling up European prime property
Very few agents can go toe to toe with Beauchamp Estates on sheer net-worth-per-client.
07/03/2013
Wealth manager apathy leaves investment trusts ‘vulnerable to corporate raiders’
This lack of demand for the funds’ shares has left them trading on wide discounts to the underlying value of their portfolios,
07/03/2013
Edmond de Rothschild in major restructure
Following news its Paris-based fund selection chief was leaving
07/03/2013
Seven IM teams up IFAs, accountants and solicitors
Seven Investment Management has started a programme of bringing solicitors, financial planners and accountants together
07/03/2013
Oldest French-Swiss private bank bulks up with merger
The oldest private bank in French-speaking Switzerland to offer a variety of investment funds alongside its traditional wealth management services.
07/03/2013
Tax relief for charities and donors increased to £4.09bn in 2012/13, HMRC reveals
Figures show that charities claimed £3bn and donors claimed £1.09bn, including £510m from inheritance tax and £40m in payroll giving
07/02/2013
PCI and Charity Estimates – Q2
The Q2 2013 performance estimates for the ARC Private Client Indices and ARC Charity Indices are now available.
07/02/2013
BNP Paribas Wealth Management wins prestigious awards
In addition, BNP Paribas Wealth Management was awarded as one of the Top 3 Best Private Bank in China and Top 3 Best Private Bank in Taiwan, in the foreign category.
07/02/2013
2plan Wealth Management post first profit
Keeping on top of overheads and investing in technology, particularly “bespoke” software, had also improved the firm’s financial performance,
07/02/2013
Bonus Limit for Fund Managers Rejected in EU Parliament Vote
The European Parliament narrowly rejected proposals to ban fund managers from receiving bonuses amounting to more than their annual salary
07/02/2013
AWD Chase de Vere profits hit as it braces for Keydata fight
Independent financial adviser Chase de Vere has posted a £11.6m loss for 2012
07/02/2013
McManus & Associates Named Finalist for STEP Private Client Awards
The STEP Private Client Awards highlight excellence among private client solicitors/attorneys
07/01/2013
Syz Group positions for better days with expansion plans
Swiss-based Syz & Co Group, encompassing the three business lines of private banking, institutional asset management and Oyster Funds