03/20/2012
Does sales culture pose a wealth management risk?
Boutique wealth managers have blamed the findings on the aggressive sales culture present in certain institutions, while private banks have been quick to refute the claims.
Wealth and Asset Management
03/20/2012
Swiss banks still draw rich despite secrecy blows
Swiss bankers are on the defensive with their secretive industry under sustained attack for sheltering tax dodgers. Some cannot travel abroad for fear of arrest in tax investigations.
03/19/2012
French investment house out to conquer the City
The French are coming. One of France's leading asset management houses, Carmignac Gestion, launches in Britain this spring.
03/19/2012
Shining Shoes Best Way Wall Street Women Outearn Men
Female personal care and service workers, which include butlers, valets, house sitters and shoe shiners, earned $1.02 for every $1 their male counterparts made in 2010, according to census data compiled by Bloomberg.
03/19/2012
New private bank stores £25m war chest for buys
Chief executive Ray Entwistle, former chairman of Adam & Co, said if the firm’s next round of fund raising was successful and the team decides to go ahead with the venture, the private bank will build a dedicated investment capability.
03/19/2012
Affinity founder Stearn on why he left the security of Fairbairn
Throw in an ongoing eurozone debt crisis, volatile markets and growing regulation simmering in the background and you have definitely set yourself a challenge.
03/19/2012
Barclays Wealth launches intermediary DFM service
Barclays Wealth has launched a discretionary portfolio management service to be offered through the intermediary market.
03/19/2012
QNB Group and Harrods Estates Host London Luxury Property Investment Event
QNB Group is represented at the event through its Private Bank and priority banking arm, QNB First.
03/19/2012
Banks strive for concessions in Asia
KEB is considering enhancing “the private banking business, focused on wealthy Koreans residing in countries such as Japan, Indonesia and Hong Kong.”
03/18/2012
Barclays Said to Plan Dropping Barclays Capital, Wealth Names
Barclays will drop the Barclays Capital name from its securities unit after 14 years as it tries to offer clients more services from across the bank.
03/16/2012
More banks to tap into emerging wealth segment in Asia
According to reports, the number of wealthy Asians will grow 140 per cent and reach 2.8 million by 2015.
03/16/2012
China 'wealth exodus' underestimated
The scale of the exodus of wealth from China caused by investor immigration is much larger than previous estimated, according to China Daily's interviews with emigration agents and experts.
03/16/2012
UBS cuts bonus pool to $3.2bn, IB bonuses down 60pc
The comments were published overnight in the bank's annual report, confirming bonus pool figures outlined on February 7 when UBS gave earnings.
03/16/2012
Nomura hires former Deutsche exec for wealth management role
He was previously Deutsche Bank’s Hong Kong-based head of investment advisory for North Asia, according to data compiled by Bloomberg.
03/16/2012
RBS wealth head and Coutts' deputy chairman retire
He recently joined the board of Adam & Company. Pell has not been replaced.
03/16/2012
RIT Capital and Edmond de Rothschild form fund firm
In the coming year, RIT and Edmond de Rothschild Group will work together to strengthen their co-operation on investment opportunities and fund management.
03/16/2012
McKinsey’s Prescription for Private Banks: Look to Fast-Growing ‘Core Millionaires’
Serving this segment of the wealth market will require fundamental changes
03/15/2012
How wealth management has changed since 2000
In the past 10 years, investors have seen several historic names absorbed by banking giants or rivals, while the survivors watched the rise of aggressive and ambitious boutique firms.
03/15/2012
Wealth managers in fresh hit as FSCS levy rises to £60m
The likes of Brewin Dolphin, Rathbones and Charles Stanley will be forced to fork out for the collapse of a number of financial services firms after the FSCS interim levy was raised to £60 million.
03/15/2012
Why Singapore Is Now a Haven for Some Investors
But a growing number of more adventurous investors are now seeking safety by buying bonds from a tiny, affluent nation 9,500 miles away.