Managers of Wealth Offshore

Entrust Private Wealth Management ramps up its wealth management business

Entrust manages about $500 million of client funds under a discretionary trust model.

Kleinwort Benson wins admin business for high profile €200 million Russian fund

Kleinwort Benson has been appointed administrator for a landmark €200 million fund that aims to invest in clean energy technology projects in a bid to boost Russia’s economy.

Wealth tax to span watches, paintings...

Deposits in foreign banks, paintings, sculptures and expensive watches may come under the wealth tax net as part of the government's drive to unearth black money.

Family offices set to boom in Asia says landmark UBS and Campden study

The new study finds that the rapid growth of the number of ultra-high net worth individuals in Asia – with for example, China having the second highest concentration of billionaires in the world— coupled with the upcoming intergenerational tra

IFA acquisition brings Web £20m in funds

The acquisition of another Surrey-based firm adds two more IFAs to Web’s personnel, corporate specialist Stuart Smillie and private client expert James Child.

Norway’s wealth fund wants less of Europe, more of Asia

The fund, which holds nearly 2 per cent of all European shares, also has to adjust to lower real-return expectations and the government must cut back on how much of the oil money it spends if it wants to preserve the fund, Norges Bank, which manages the f

Classic cars as a viable investment choice

With property prices floundering and returns falling on cash and equity, it suggested that alternative investments have seen renewed interest following the recession.

New bond programmes being launched for charity groups

Third Sector reports that the organisation's chief executive Geoff Burnand announced the development of these new funds, worth up to £10 million.

It wasn't such a sacrifice after all: RBS chief Stephen Hester gets £600k shares windfall weeks after giving up £1m bonus

Under complex City pay arrangements, Mr Hester is only now receiving shares relating to his work in 2010.

Julius Baer cuts CEO Boris Collardi’s pay after profit declines

Collardi also voluntarily reduced his base salary by 10 percent for the 10-month period through June 2012, according to the annual report. That salary totaled 943,467 francs last year.

Private jet makers woo Asia's super rich

The Hong Kong-born martial arts movie star, who has a massive following in China, was appointed this month as the company's first ever brand ambassador.

US retail banking groups are harmonizing UHNW business

The US wealth management market benefits from the vast scale of many industries that are global leaders, including the pharmaceutical, aerospace, technology, and defense industries.

Islamic wealth industry grew 15pc-20pc over the past decade

The Islamic funds industry has grown sharply over the past decade thanks to the growing number of institutions structuring products as Shariah-compliant alternative investments.

Barclays Wealth hires UBS veteran to lead FX arm‎

He joins from UBS, where he has spent the last 25 years of his career.

Lloyds Bank strips five directors of more than £1 million in bonuses

Lloyds Banking Group is to strip five directors of more than £1 million in bonuses as a penalty for a financial scandal that cost the taxpayer-backed bank £3.2 billion last year.

BMO boosts wealth management capability in China

BMO Deepens Commitment to China with Strategic Investment in COFCO Trust Co.

Iveagh launches into Northern Ireland

The fund range offers investors access to the investment team who manage the private investment portfolios of key members of the Guinness family office, including Lord Iveagh.

Guinness Asset Management launches RDR share classes

Independent Financial Advisors (IFAs) will receive no trail commission from the new ‘X’ share class, which have a 75 basis point annual management charge (AMC), and distributors will not be able to rebate any charges back to consumers.

Bonuses of Asian bankers likely to be smaller this year

Asian bankers are expecting their bonus payouts over the next few weeks

Chinese move to wealth products may undermine bank stability

At the same time, deposit growth at Chinese banks last year slowed to 12.7 percent after rising 20 percent in 2010, central bank data show.

Wealth and Asset Management