10/30/2012
Sberbank releases solid-gold bankcard
There is no word yet whether Sberbank plans to release a local variant for the Russian market.
Wealth and Asset Management
10/30/2012
Standard Life sees 37% annual wrap growth
Long-term savings new business sales of £14.4bn
10/30/2012
Societe Generale Private Banking receives three awards
Societe Generale Private Banking has received 3 awards at the Private Banker International Awards ceremony in Singapore on 24 October 2012.
10/30/2012
Brand new Wealth Management Centre now in service
To meet the diverse needs of customers, the high net-worth customers in particular, the Centre provides a comprehensive range of professional and premier Wealth Management services.
10/30/2012
Wealthy deal for Liverpool financial services firm
Liverpool-based financial services company Wealth at Work has bought a stake in a Yorkshire rival.
10/30/2012
Targeting corporate wealth on divorce
The Court of Appeal has made a landmark ruling on spouses’ ability to break through complex structures to deliver a divorce settlement.
10/30/2012
Banque Privée Edmond de Rothschild sponsors Geneva Watchmaking Grand Prix
Seventy preselected watches made by the world's greatest manufacturers have been exhibited in Zurich, Hong Kong and Shanghai and are now going on display in Geneva.
10/30/2012
Should Brokers Be Forced to Disclose Their Bonuses to Clients?
Reports suggest some firms are offering substantial inducements to potential registered representatives
10/29/2012
Mariner Wealth Advisors gets majority stake in Cincinnati firm
“We’ve really concentrated this year on growing the wealth division to help it catch up to the asset management side."
10/29/2012
Wealthy Still Giving, Just Less
“Since 2006, this has become the largest and one of the longest running studies of its kind, offering key insights that help to inform nonprofit organizations’ donor engagement strategies.”
10/29/2012
UBS targets wealth management opportunity in major overhaul
UBS AG, Switzerland’s biggest bank, boosted its profitability goal and announced plans for about 10,000 job cuts as Chief Executive Officer Sergio Ermotti scales back the investment bank to focus on wealth management.
10/29/2012
Investment banking buoys Deutsche Bank
Deutsche Bank has reported flat profits for the three months to September that still beat analyst expectations.
10/29/2012
AXA Elevate's assets hit £5 billion
The growth in Architas assets to £11.3bn is a reflection of the growing popularity of its offering.
10/29/2012
Investors are too focused on executive pay: BlackRock
“I think pay takes up a disproportionate amount of boards' time,” BlackRock's head of corporate governance and responsible investment for Asia Pacific, Pru Bennett, said, according to The Australian.
10/29/2012
HSBC restructuring wealth management business in India
HongKong Shanghai Banking Corp is restructuring the consumer banking and wealth management business of its India operations, a top executive told ET.
10/29/2012
Bank Sarasin-Alpen only private bank recognized by Arabia CSR awards
Bank Sarasin-Alpen has the honour of being the only private bank to be recognized by the Arabia CSR awards since it was launched five years ago. This is the second year Bank Sarasin-Alpen has been recognised with the prestigious Arabia CSR Awards.
10/29/2012
Barclay and Coutts criticise 'bigot' award
Other high profile sponsors of the Stonewall awards include PwC and Google.
10/29/2012
Coutts dropped Gulf clients after UK pressure
The FSA found Coutts did not apply robust controls when starting relationships with high-risk customers and did not consistently apply an appropriate level of monitoring.
10/29/2012
Standard Chartered profit up
Asia-focused bank Standard Chartered Plc said its operating profit grew by a mid-single digit rate in the first nine months of the year, keeping it on track for a 10th straight year of record earnings.
10/29/2012
Monaco Tops First Ultra High Net Worth Wealth Density List
Wealth generated in countries rich in natural resources helped three countries stake their claims with Kuwait, Norway and Brunei taking their places among the top 10.