08/30/2012
Higher costs plus the repatriation of client funds to onshore networks that generate lower fees are cutting profit margins at Swiss private banks, the biggest managers of offshore wealth.
08/29/2012
WEALTH manager Perpetual said the trend in net fund outflows continued to slow in the first two months of 2011-12, after funds under management fell 17 per cent last year.
08/29/2012
Royal Bank of Canada today reported record net income of $2,240 million for the quarter ended July 31, 2012, up $946 million or 73% from the prior year.
08/29/2012
Private banks Berenberg Bank and Bankhaus Lampe have increased their stake in Germany's Universal Investment to 50%, in a vote of confidence in the fund platform model.
08/29/2012
This new 20% minimum is believed to reflect some dissatisfaction on the part of Liechtenstein’s wealth management industry with the amount of permanent business it is retaining as a result of the LDF scheme, as many of those making disclosures are
08/29/2012
Bankers are facing a backlash from EU lawmakers determined to cut variable pay as part of a quest to reshape lenders as utilities rather than money-making machines.
08/28/2012
Who says that Picasso on the wall can't help earn its keep?
Earlier this month, UBS Wealth Management America unveiled to its brokers a plan to offer loans of up to US$150 million ($187 million) collateralised by works of art, rare musical instruments and fine silver.
08/28/2012
Much Of Disparity Likely Has To Do With Traditional Gender Norms
08/28/2012
The bank, which was founded in 1472, on Tuesday said in a statement that the bulk of the writedown was taken on its CGU Privati BMPS unit as well Banco Antonveneta, a 2007 acquisition analysts had deemed overpriced.
08/28/2012
Weiss is understood to have been shopping the deal around for about a year, ever since he parted ways with GPG, the Ron Brierley-led corporate investment firm he ran for two decades.
08/28/2012
Revenues soar at UK wealth management firm
Assets under administration and advice rose 31.3% to £3.02bn.
08/28/2012
In a challenging market environment, the international private banking and asset management company LGT Group increased group profit for the first six months of 2012 by a substantial 58% to CHF 130 million as against the same period of the previous year.
08/28/2012
In the overview of our analysis of this year's Top Wealth Managers, insights into a changed industry
08/28/2012
More than half of Dubai financial recruiters plan to hire more permanent staff before the end of the year - the second-highest percentage globally.
08/27/2012
Investment trusts hope to see increased popularity once a ban on adviser commission comes into force next year, but perceptions of liquidity problems still plague the sector, say analysts.
08/27/2012
The financial markets division profit is down 4 per cent on the previous result, and the wealth management result is up 10 per cent compared to the first six months of 2011.
08/27/2012
With the rising level of entrepreneurial wealth in Asia, it may be timely for these investors to note some of the recommendations and ask additional questions to the private banker of their choice.
08/27/2012
But as Kevin Sidders, a former investment banker at Credit Suisse (CS) and Blue Beacon Capital, starts talking about his new business, VinConnect Inc., over our ceviche lunch in New York, I become seriously intrigued.
08/27/2012
Credit Agricole had said on August 9 it was assessing offers from Greek banks for Emporiki.
08/27/2012
Thorntons will have input on asset allocation across both services.