As a result of increases in the number of customers from outside the UK, the Swiss wealth management unit of Barclays had added client assets and recruited bankers last year, and is now reporting a rise in assets under management (AUM) by a low double-digit percentage.
Many single-family offices (SFOs) are diversifying their bespoke and concierge offerings to provide clients with family security services. The number of such SFOs is on the rise, says a report by the Rothstein Kass Family Office Group.
National Bank of Canada has completed its acquisition of the full service investment advisory business of HSBC Securities (Canada) and certain assets related to the segregated fund and insurance business of HSBC Securities Insurance Agency, which it says would help in serving the wealth management needs of investors.
China has been projected as the most prospective emerging market but many analysts are voting for India. According to Edward Bland, head of investment research at Duncan Lawrie, the UK-based private bank, India is the market to watch for within emerging markets in 2012.