Managers of Wealth Offshore

Sanlam Private Wealth snaps up three advisory books

The firms has acquired Oakdene Practice in Bristol, Parkgate Financial Solutions in Warrington and Libra Associates in Dorset.

France's richest citizens to flee President François Hollande's proposed 75 per cent tax on one million euros

The 75 per cent tax plan for the rich to "pay extra tax to get the country back on its feet again" will come before the Parliament next month.

German State Buys More Data on German Investors From Swiss Banks - Report

A spokesman for the state's Finance Minister Norbert Walter-Borjans told Dow Jones Newswires the minister doesn't comment on single cases, and that the ministry receives and examines data regularly.

UBS, State St discussed asset managemt merger

It is unclear why the discussions fell through, although one of the sources said he believed it was because the two companies could not agree on pricing and succession.

Number of Turkish Millionaires Surpass 50,000, Vatan Reports

Turkish millionaires hold a total of 341 billion liras ($192 billion) in bank accounts, making up 47.5 percent of total deposits in the country, the newspaper said.

Bank of London and the Middle East celebrates fifth anniversary

In the last five years BLME has established its business platform and developed new business lines and products that provide diverse, sustainable and integrated wholesale banking and wealth management services.

Super rich return to real estate

The report shows residential property is currently the most popular asset class among wealthy investors, with real estate accounting for one third (33%) of the investment portfolios of HNWIs worldwide.

Erste Hungary CEO: Buys BNP Paribas Private Bank Arm

. Banks have been forced to narrow their network of branches and the number of employees.

City calls for heads to roll at Standard Chartered

Mr Sands has been chief executive of Standard Chartered since 2006.

Morgan Stanley 'could close offices and cut staff'

Morgan Stanley has told investors its wealth management business, weighed down by an expensive merger integration and a tough market environment, can deliver mid-teens pre-tax profit margins.

Vestra partner and ex-Blair adviser Derek Scott passes away

Vestra Wealth partner and former economic adviser to Tony Blair, Derek Scott, has passed away.

Intesa Sanpaolo Private Banking posts 48% increase in net profits

Intesa Sanpaolo private banking posted positive H1 results, with net profits at €68.8m, a 48.1% year on year increase.

Skandia sets out RDR product plans

Old Mutual Wealth Management chief executive Paul Feeney says: “Market conditions are undoubtedly challenging for the financial services market but I believe there are significant opportunities to focus on.

Millionaires reach the million mark

And the report showed how Chinese individuals with more than 10 million yuan (€1.27 million) broke through the one million mark for the first time, up 6.3 per cent on 2011.

BOCHK ramps up its private banking business

BOCHK AM is going to play a strategic role in supporting the development of BOCHK’s wealth management platform by developing into the preferred product provider and strategic partner of BOCHK’s private banking operation and by becoming a trust

Greek bank boss sent €8m savings to London as his bank faced collapse

Theodoros Pantalakis, former chief executive of Agricultural Bank (ATEbank), exported the funds last year as the bank headed for insolvency.

Wealthy Brits look to flee abroad to escape high taxes, crime and rain

Crime, high taxes and even the weather are driving a growing number of wealthy Britons to actively consider moving abroad, according to a financial advisory firm.

Wall Street bankers face severe pay cuts

Wall Street bankers look set to be hit by severe pay cuts this year as the industry's heavyweights come under pressure to axe costs, recruiters have warned.

AMP CEO Craig Dunn forfeits $3.2m worth of bonus shares

He is the second executive in less than a fortnight to forgo shares because of performance hurdles.

CIBC buys private wealth management firm

The business manages some $1.4 billion in assets for high net worth individuals families, endowments and foundations.

Wealth and Asset Management