Managers of Wealth Offshore

Private banking: Wonder of world wealth

The global banks are allocating more resources to private banking and wealth management in a bid to capture the growing wealth globally and switch to more stable fee-based revenues.

Asian Millionaires Firing Private Bankers Take Control of Wealth

“I am very open to private banks for their propositions, but I want them to be relevant,” said Ang, who’s cut the amount of his family’s money managed by professionals to less than 5 percent from 25 percent three years ago. &ldqu

Former HSBC chiefs faces bonus clawbacks

One-time chief executive Michael Geoghegan and Sandy Flockhart, the head of the bank’s Mexican business for much of the period covered by the US investigation, are understood to be among former senior managers who face having parts of their bonus ta

KBC closes sale of private banking division‎

KBL epb remains one of the rare international banking groups to be headquartered in Luxembourg.

Standard Chartered 'a bridge between East and West' as profits jump 9pc

Standard Chartered said in its results statement that it has assisted clients in UK, Europe and the Americas, who are suffering with a debt crisis and government austerity measures, "to access the growth markets of Asia".

Modern Wealth Management Launches Model Portfolios for UK Clients

The Model Portfolios are now accessible to all clients as an integral part of the Saxo MWM platform.

F&C Asset Management H1 Net Loss Narrows

Net Revenue for the first half of 2012 declined to 120.6 million pounds from 137.0 million pounds reported for the same period last year.

H&R Block Tax Mogul to Leave Fortune to Family Foundation

Mr. Bloch, who tied for 39th on last year’s Philanthropy 50 list of the nation’s top donors, said the dollar amount of contributions to the foundation would remain private for now but that it would ultimately rank among the region’s larg

Urquhart Stewart: Family-focused IFAs to thrive post-RDR

The current economic and regulatory upheaval is providing opportunities for fee-based family financial planners and this trend is set to continue with the incoming Retail Distribution Review, the rise in technology and the current austerity, 7IM founder J

Australian Trustees forms Private Wealth Solutions business

Burns said the new division would come into effect from the beginning of August.

Wealth management industry not sufficiently in tune with the needs of young investors - research

More than 1,000 US investors surveyed reveal convenience and online tools are key reasons for Gen-Xers and Gen-Yers to shift assets between financial institutions

EFG International to sell Canadian subsidiary

EFG acquired the Wealth Management Group of Companies in 2007

Schroders urges Barclays to shrink investment bank in Agius letter

According to a letter seen by the Sunday Times, the asset management firm, one of the top 10 shareholders in the bank, said now is a great time to change the bank’s strategy.

Dubai Billionaire Staying Away From European Banks

But after the bank decided to cut its dividend, Al Habtoor felt it was time to go.

Deutsche Bank earns sag on crisis volatility‎

"The European sovereign debt crisis continues to eigh on investor confidence and client activity across the bank."

Erste Group Bank 1st Half Net Profit Down 13%

Risk costs rose 6.6% from EUR 920.8 million in H1 2011 to EUR 981.8 million in H1 2012, or to 146 basis points of average customer loans.

Ashcourt Rowan halves losses as restructuring pays off ‎

Wealth management service provider says £400,000 underlying profit has “reversed a trend of deteriorating profitability”.

UK Wealth manager eyes discretionary offering in HNW push

"The discretionary portfolio space may have £500,000 or more. They might want something that takes them in to a different space, [utilising] other instruments that we would never bring into our mainstream portfolios. Read more: http://www.ifao

Fidelity Worldwide makes more moves on board pay

The move is another advance for the growing move to curb excessive pay, as most company incentive schemes allow for shares to be sold after one to three years.

World’s Richest Gain $15.2 Billion as Global Markets Rise

The richest people on the planet added $15.2 billion to their collective net worth this week as global markets rose on speculation that Europe will move to ease borrowing costs in Italy and Spain.

Wealth and Asset Management