09/02/2012
Citi's sales to retail and HNW's up 80% YoY
Net sales of investment products by Citi to individual retail and high-net-worth clients around the region are up 80% year-on-year through July, with over $3 billion of net inflows, the firm says.
09/02/2012
Hargreaves Lansdown founders Peter Hargreaves and Stephen Lansdown are set to receive a £40m dividend windfall as the company gets set to unveil its year end results this week.
09/02/2012
Wealthy expats in Asia are being targeted by banks rolling out exclusive credit cards offering high-end perks.
09/02/2012
Citibank first introduced its wealth management service in Korea with ‘Citigold’ brand to customers with 100 million won back in 1991."
08/30/2012
One of the advisers who does not cold call clients, Sarah Lord, wealth planning director for the Middle East and Asia at Killik & Co, said: “I am yet to come across any evidence to suggest that the Central Bank ruling has completely stopped cold
08/30/2012
Canada's biggest bank stumbled hardest, though the results included a C$29 million charge in the third quarter.
08/30/2012
The regulator issued on Thursday an alert about a firm offering investment advice and brokerage services under the names AW Associates, A Walker Associates and Andrew Walker Associates.
08/30/2012
So, in normal times, the Treasury jumps from a great height on anyone in government who speculates on tax policy.
08/30/2012
All jokes aside, could the board be considering a potential sale of Macquarie Private Wealth?
08/30/2012
Following the decision to drop its long-standing strapline, 'The World’s Local Bank' last year, HSBC has been moving to position itself as an authority on global trends, including through its 'In The Future' campaign, looking at
08/30/2012
Barclays has chosen the prestigious setting of this year’s Blair Castle International Horse Trials for the launch of its Female Client Group proposition in Scotland
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.