05/11/2012
Rothschild in major Middle East scale back
The cutbacks signal the extent to which some global banks are struggling to win business in the region, after launching ambitious plans during the boom years.
05/11/2012
Lloyds TSB Private Banking has streamlined its high and ultra-high net worth private client divisions by merging the two departments into a single unit.
05/11/2012
Credit Suisse makes senior management changes
Credit Suisse today ( May 11) announced the following changes to its Executive Board, effective May 31, 2012.Credit Suisse today ( May 11) announced the following changes to its Executive Board, effective May 31, 2012.
05/10/2012
Portfolio Team Continues to Recommend Munis; Favors U.S. Large Cap Equities and Frontier Market Exposure vs. Developed European Stocks
05/10/2012
Nearly 46 per cent of the revenue received by Merrill Lynch's Global Wealth Management unit last year came from just 21 per cent of its top-producing brokers, about 2,500 people, according to copies of the reports reviewed by Reuters.
05/10/2012
The independent provider of personalized investment and wealth management services stated that net operating income in Investment Management increased 11.8 percent year-over-year during the first quarter to 37.9 million pounds from 33.9 million pounds rep
05/10/2012
The U.K.-based bank didn't elaborate on the talks or give financial details in a brief statement to the Hong Kong stock exchange, but said it will make a further announcement "if and when appropriate."
05/10/2012
Noah Holdings Limited, the leading independent service provider focusing on distributing wealth management products to the high net worth population in China, today announced its unaudited financial results for the first quarter of 2012.
05/10/2012
Stifel Financial Corp.'s first quarter profit increased 11 percent in the first quarter.
05/10/2012
Wealth management chiefs have hit out at the lack of transparency over how the Financial Services Compensation Scheme arrived at its £265 million levy for 2012 and 2013.
05/10/2012
Ashcourt Rowan has made its discretionary fund management services available on Axa Wealth’s Elevate platform.
05/10/2012
Fidelity Investments Canada ULC today announced the launch of three new investment solutions, spanning fixed income, capital yield and Canadian equity categories.
05/10/2012
The latest deal was prompted by the retirement of co-founder John Pratt
05/09/2012
The JV enables AFH to access the influential South Wales market and grow the new brand quickly and efficiently.
05/09/2012
Philanthropy: Rich seek better guidance on how to give away cash
In less than a decade, philanthropy offices have become an integral part of the world’s largest private banks and wealth management providers.
05/09/2012
That is the view of Francesco de Ferrari, Asia-Pacific head of private banking for Credit Suisse, who is faced with tripling the size of the business in a testing climate and a competitive landscape.
05/09/2012
Warren Buffett Calls for 90% Billionaire Wealth Tax (Satire)
Buffett and Munger have avoided paying taxes by keeping much of their wealth tied up in unsold Berkshire Hathaway shares that have risen in value and made them wealthy men.
05/09/2012
Moscow Is The Home For The Super Rich?
What makes this even more astonishing is that there will be even more billionaires living in Russia in the very near future. Last year, there were only 32 billionaires and 62 almost-billionaires.
05/09/2012
Oppenheim expands asset management team
As Dr Wolfgang Leoni, member of Sal. Oppenheim's Executive Board and Chief Investment Officer responsible for the bank's investment strategy, explained, “These two experienced experts represent a logical development of our integrated asset
05/09/2012
Wang and billionaire investor Liu are part of a new generation of wealthy Asians that is better known for splashing out on extravagant toys