06/03/2013
Swiss private bankers feel the pinch
A corruption-fighting Nigerian politician points a gun at a Swiss banker and demands the names of his rich Nigerian clients.
Wealth and Asset Management
06/03/2013
Reliance Financial Corporation Completes Citigroup Trust-Delaware, N.A. Transaction
A privately held diversified financial services and wealth management company, announced that it closed its previously announced agreement to acquire 100 percent of the stock of Citigroup Trust-Delaware, N.A.,
06/02/2013
UBS France put under formal investigation -judicial source
UBS France is being investigated by the French judiciary on whether it offered potential French clients investments that were allegedly designed to evade taxes.
06/02/2013
UBS’ Top Wealth Management Advisers May Start A Rival Business
UBS Wealth Management lost two of its top private client advisers on Friday.
06/02/2013
Asia set to become center of world wealth: senior Thai politician
Korn pointed out that China's economic achievements in the past 30 years have shown that the country has found a right path to growth and prosperity and has set a good example for other Asian countries to follow
06/02/2013
Heartwood Investment Management’s Managed Portfolio Service awarded 5 Star Rating
Independent financial research company Defaqto rates the Heartwood Investment Management offering as among best in market
06/02/2013
Kleinwort Benson owner RHJI: ditching BHF bid may incur charges
The company has existing contractual commitments in respect of the BHF transaction to both Deutsche Bank, as the seller, and to our co-investors," RHJ said in the letter.
06/02/2013
Strategic partnership of Julius Baer and Kairos commences as planned
Since November both partners have closely and successfully collaborated to reach this important milestone.
06/02/2013
Credit Suisse sees more shakeups in Asia private banking
The industry at the current cost-to-income ratio is not really sustainable,
06/02/2013
Credit Suisse sees more shakeups in Asia private banking
With a cost-to-income ratio of at least 80 percent, most private banks are losing money even as the ranks of the rich explode in fast-growing Asia,
06/02/2013
Kleinwort Benson owner slams rebel hedge fund break-up calls
'In our view, the board of RHJI has presided over an erratic strategy, which has resulted in consistent and substantial value destruction.
06/02/2013
Banyan Partners to Acquire Wealth-Management Firm
Banyan Partners, a fast-growing RIA based in Palm Beach Gardens, Fla., is acquiring Silver Bridge Advisors, the wealth management arm of global law firm WilmerHale.
06/02/2013
UBS doesn't want to hive off investment bank
Knight Vinke, a shareholder in UBS, launched a campaign a month ago to marshal other investors into supporting a breakup of the Swiss bank. UBS, which last year said it will let 10,000 staff go as it largely withdraws from fixed income, had not responded
06/02/2013
Coutts not up for sale by parent RBS: Classen
RBS is getting in better and better shape and they won't need to sell Coutts to raise capital,
06/02/2013
HighTower Adds First Firm to Network
HighTower deploys its proven transition resources so advisors and their clients can seamlessly realize the robust resources available on HighTower's platform.
06/02/2013
Walker Crips completes sale of corporate adviser subsidiary
Walker Crips Group has completed the sell-off of its subsidiary Keith Bayley Rogers and Company Limited to BWV Investments Limited.
06/01/2013
Central Bank Not Mandated to Rescue Banks -Report
The Swiss National Bank is responsible for maintaining the stability of the country's financial system but isn't obligated to rescue banks
06/01/2013
The philanthropy debate: Are the wealthy giving their share?
We are becoming a society in which more emphasis is placed on philanthropy as a social good. It’s often portrayed as much more noble and efficient than paying taxes (especially to “untrustworthy” politicians).
06/01/2013
Britain can no longer afford to bankroll the rich
A generation of "opinion formers" has assured us that the rich are none of our business. If others become extremely wealthy, it is self-defeating to criticise them.
06/01/2013
Wealth management: UBS seeks Brazilian growth through family offices
We are looking at the family offices segment as an opportunity for growth,