All articles by Anthony Climpson-Stewart
Anthony Climpson-Stewart
The Swiss Squeeze
Regulation and compliance is plaguing Swiss private banks, with profits and reputations suffering. This comes as London and Singapore challenge its leading position as an offshore centre. Anthony Climpson-Stewart looks at how this banking powerhouse can navigate the turmoil
The Great Slimdown
Switzerland’s heavily saturated banking market has meant getting a solid footing domestically is a major challenge. The competition comes not just from local banks, but from foreign players who have bought numerous Swiss banks to enter into the market.
North America number one for HNWI population: RBC/Capgemini
North America reclaimed the top spot for high net worth individuals (HNWI) population in 2012, with 3.73m residing in the area according to the 2013 RBC/Capgemini world wealth report.
RBC linked to Lloyds SWIP acquisition
Royal Bank of Canda (RBC) has emerged as a possible buyer of Lloyds Banking Group’s asset management arm Scottish Widows Investment Partnership (SWIP).
Growing wealth, growing dissatisfaction
The amount of high net worth wealth in Greater China is rising in at between 15-30% a year, but commentators tell Anthony Climpson-Stewart client dissatisfaction is also on the rise. Banks are failing to grab a larger share of wallet as clients in the region become increasingly frustrated by staff inexperience and turnover.
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Local banks dominating Chinese wealth industry, struggling offshore: Bain & Co
Local Chinese banks are dominating the private banking market in China, but are struggling to perform in the offshore stakes.
Julius Baer AuM up 16% for first four months 2013
Swiss private banking group Julius Baer has seen a 16% rise in assets under management (AuM) in the first four months of 2013.
RBC recommends active management in fixed income, questions ‘great rotation’
Low yields are still dogging the fixed income market but it remains an asset class high net worth clients need to be in, according to a panel of speakers from RBC’s UK wealth management unit.
Regulation and compliance top concerns: Smith & Williamson
Concerns about regulation and compliance remain a key issue for the financial sector, despite increased company’s reporting increase turnover, new research suggests.
FINRA hands down $900,000 in fines to three wealth managers
The US Financial Industry Regulatory Authority (FINRA) has handed down $900,000 in fines to three separate firms.