02/27/2013
Private banks see AUM surge as Asian wealth keeps growing
In the meantime, Asia's powerful economies continued to churn out thousands of new millionaires.
Wealth and Asset Management
02/27/2013
Austrian Private Banking Market Consolidates
Austria continues to be an interesting growth market in private banking
02/26/2013
DPZ Capital loses senior management less than 12 months in
DPZ Capital has lost half the senior management team
02/26/2013
Wealth Manager signs strategic partnership agreement with IFA network and national 'ON Line Partnership Group'
Managed Portfolio suite available through national network for the very first time
02/26/2013
Standard Life Wealth acquires Newton's private client division
The transaction is expected to more than triple SLW's discretionary assets, creating a private client wealth manager in the UK with increased profitability, significant scale and market presence.
02/26/2013
Singapore's United Overseas Bank Q4 net profit up 25 pct
"This set of results represents a very positive end to 2012. We achieved record profits, record fees and record contribution from our key regional markets," UOB's chief executive officer Wee Ee Cheong said in a statement on Wednesday.
02/26/2013
Standard Chartered in talks to buy Morgan Stanley India wealth unit
The sale of the unit underscores a growing trend of consolidation in Asia's wealth management industry as private banks struggle to earn profits in the face of rising regulatory costs and wafer-thin advisory fees.
02/24/2013
Swiss private bank eyes Saudi market as it seeks to expand
The wealth manager, which has CHF200bn in assets under management, is considering opening an office in the kingdom as it views to tap the growing pool of prospective wealthy clients
02/24/2013
RBI Sets Guidelines For ‘Wannabe’ Private Banks Entering Indian Market
The new guidelines give confidence to non-banking corporates who may want to enter the market.
02/24/2013
BOC sets sights on private banking expansion
It comes as BOC points to a trend of Chinese high-net-worth individuals switching from foreign private banks to domestic firms
02/24/2013
Australian wealth management and accounting firm in merger talks
The acquisition would see it broaden its services to its clients, adding 55 advisers and accountants to the SFG network and a further $606 million in funds under management.
02/24/2013
Brewins merges teams in research revamp
Research head Matthew Butcher said it would bring greater efficiencies and consistency to the group’s investment decisions.
02/21/2013
PAM Winner - Northern Trust Named "Best Private Wealth Manager"
“Private Asset Management magazine selected Northern Trust for the award because of its expertise in the private wealth arena and its ability to provide clients with top of the line investment, wealth planning and servicing capabilities.”
02/21/2013
PAM Winner - Marsh Private Client Services Awarded Best High Net Worth Insurance Firm
The winners of the 2013 awards were chosen by an outside panel of industry experts and were announced in a ceremony at Cipriani in New York on February 12, 2013.
02/21/2013
PAM Winner - Atlantic Trust Named Best Wealth Manager: Long-Term Performance
Atlantic Trust was recognized by Private Asset Management for the firm's long-term investment excellence.
02/21/2013
PAM Winner - U.S. Trust Wins Best Private Bank – Client Service
“We take great pride in being recognized for what U.S. Trust is most committed to: service to our clients and their families."
02/21/2013
Nick Travis and Kevin O’Shea named in Citywire Wealth Manager’s Top 30 under 30
The entrants are decided on a combined basis of academic success, professional qualifications, and the impact they have had on the business they work for.
02/21/2013
Swiss private bank opens London office
“It fits very much within our strategy of chasing global entrepreneurs,”
02/21/2013
East Midlands-based IFA moves £70m to Novia
Steve Moseley said that cost, functionality and usability dictated the platform switch.
02/21/2013
Julius Baer Most Hurt by Kickbacks Ban
Julius Baer Group Ltd. (BAER) would probably be the most affected by the elimination of retrocession fees, or kickbacks, that are paid to banks in Switzerland for selling fund products, Morgan Stanley analysts said.