Managers of Wealth Offshore

US justice department probes Swiss bank Pictet

Pictet & Cie., Switzerland’s biggest closely held private bank, said the U.S. Department of Justice has made a “general inquiry” into its wealth management business with U.S. clients.

Bullish bankers struggle to adjust to bonus cutbacks

Self-confidence and betting on long odds are part of their DNA and so, while expecting the financial industry to slash bonuses this year, many bankers think it will not happen to them.

Generali Said to Pitch Sale of Private Bank BSI to Apax, RBC

Assicurazioni Generali SpA is seeking offers for its Swiss private bank

Close Bros AM chief: 'We will be restricted and proud of it'

What we did not want to do is to find a way just to be independent, which goes against what the FSA is trying to achieve.’

UK private bank appoints head of the private office for North Asia

joins Coutts from Merrill Lynch, where he was a Managing Director responsible for building the private investment banking group in Hong Kong.

Scoban makes home in Adam & Co's former headquarters

In a sign of the Scoban management team's commitment to the programme, it said it aimed to have prestigious offices to complement its private banking offering.

ABN AMRO Private Banking Creates Dedicated Philanthropy Team

The philanthropy service is available for all 25,000 customers of the private bank, that have a million Euro's.

UBS’s Orcel Says Investment Bank Revamp Will Take Up to 5 Years

The Zurich-based bank will need time to show progress because it won’t be hiring expensive teams from rivals or using its balance sheet to win more business

Summa cum laude for the BKB-Private Banking

Of the initially tested against 400 institutes Basler Kantonalbank counts in the standings in the top 30 asset managers in German-speaking Europe and across Switzerland to the eleven best private banking providers.

Credit Suisse targets the richest of the rich in Asia

The private bank seeks to attract clients through providing solutions or helping make social connections

Close Brothers has solid first quarter

The group has made a solid start to the year with a strong performance in the Banking division although the market environment for Securities remains challenging. The group has maintained its strong funding position and capital base.

Falcon Private Bank takes stake in Austrian Signa Prime

Falcon bought the 13.63% stake for €50m.

Coutts selects CHI for global ad brief

In the past, Coutts has worked with M&C Saatchi, which was appointed in 2001 to revamp the bank’s image.

Rathbones: how we plan to spend £24m cash pile

Finance director Paul Stockton (pictured) said the firm had raised £24.7 million in a share placing, representing 4.6% of its share capital, to fund a multi-faceted growth strategy.

A New Kind of Private Bank

“A venue for clients where they can come in and feel like it’s a private club, a university, a wealth management shop, and a boutique hotel – all at once.”

Germany’s largest bank to slash jobs at wealth management unit

The wealth manager will use more services offered by its parent.

FSA research: Only 12% of IFAs to go restricted

Only 1 per cent of restricted advisers say they are likely to offer independent advice

Intesa Sanpaolo Private Banking posts 62.4% net profits increase

At the end of the third quarter, Intesa Sanpaolo Private Banking confirmed €99.6m net profits

Azerbaijan bank launches private banking collaboration with Swiss bank

We are very pleased with the start of cooperation with one of the key Swiss financial institutions. After recent opening of our Bank’s representative office in Georgia, this cooperation is another move in direction of our international development.

UK private bank opens new UAE office

Because it is located in the DIFC, it is able to operate as an “authorised firm”

Wealth and Asset Management