RBC joins the banks seeking to flee Switzerland
Royal Bank of Canada, one of the fastest growing banks in global wealth management of recent years, has done…
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John Evans
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Wealth is corporate wealth, Standard Chartered decides
Hard-pressed Standard Chartered, which appeared at one point to be downgrading private banking as a significant revenue stream, has…
ByInsight: Barclays and Coutts caught in a tough bear hug of parent companies
The two biggest names in UK private banking are under pressure from their parent companies. Barclays Wealth's downsizing has…
ByInsight: Swiss initiative offers solution to the Catch-22 of client identity disclosure
A Swiss-based network has been created to assist banks to switch clients between themselves as part of pressing need…
ByAnalysis: The demise of the standalone private bank
Flag-bearer names in private banking like Coutts and Barclays Wealth are being eclipsed as their parent companies reign in…
ByExclusive: Safra Sarasin swoops on Bank of Singapore to hire Indian client team
In one of the biggest team moves in Asian private banking of late, J. Safra Sarasin has lured a…
ByExclusive: How Coutts became queen of the private banking catwalk
After an intensive programme of upgrading, Coutts has seen a satisfying payback for its makeover- it ranks as the…
ByTapering, budget standoff overshadow earnings
John Evans takes an in-depth look into the latest Q3 results. Client concerns about economic dislocation sparked by the…
ByWhy the private banking partyÂ’s really over
The great global private banking expansion party has been the one everyone wanted to come to. Now the hangover,…
ByIndependent asset managers on the rise in Asia
A whole new slew of independent asset managers are making their mark with clients in Asia in a trend…
BySolving the trusted adviser conundrum
Client perceptions about their wealth manager have improved significantly since the depths of the credit crunch, but perception gaps…
ByPrivate banks compete to lend in London
Prime London real estate has become the investment of choice for many investors worldwide who are scared about the…
BySarasin, Rabobank marriage looks certain to end in divorce
The strategic pact and virtual merger between Bank Sarasins and Rabobank seems bound to end in divorce, according to…
ByCoutts to become global wealth brand
RBS Wealth head Rory Tapner has refocused the UK banks international branding to emphasise Coutts as its leading brand…
BySuspected Citi fraud unnerves Indian wealth management industry
Clients across India have been deluging private banks in India with requests for checks on their accounts after an…
ByFlavel jumps to JP Morgan for Asian HNW push
The founding head of Standard Chartered (StanChart) Private Bank, Peter Flavel, has quit to take up a new position…
ByMore state-supported banks head for the private banking exits
More than 100 billion ($147 billion) of private banking assets are coming up for disposal as more troubled banks…
ByA strong second half for UK industry
Private banking revenues in the UK dropped sharply in the last two years amid the financial and economic upheavals…
ByThe new power in the wealth land?
Multi-family offices like Stonehage argue that factors like the tougher tax and regulatory environment for the very wealthy, particularly…
ByA target too far?
UBS has mapped out its path to strategic reconstruction, based on reaching $14.9 billion in pre-tax earnings annually in…
ByLet the IFA carve-up begin
The Retail Distribution Review will mark the biggest shake-up in Britains independent investment advisory sector in living memory Private…
ByM&A dominoes start to tumble
John Evans reportsThe sale by ING of its Swiss and Asian private banking assets and divestment by Commerzbank of…
ByChannel Islands become latest target
The so-called zero-10 corporate tax system operated in Guernsey, Jersey and the Isle of Man is to be abolished,…
BySwitzerland scarred by UBS settlement
The Swiss and US governments have settled on a deal to bring an end to a tax evasion dispute…
ByDeutsche lights a fire under UK operation
The international private banking markets based in London are seen as the acid test of prowess in wealth management,…
BySyz launches in Spain, ponders Asia push
Genevas private banks have had a dreadful couple of years, particularly in the badly-mangled funds of hedge funds business…
ByFounding an offshore flight to quality
Foundations, which originally emerged as wrappers for philanthropic works for the wealthy, are being promoted as the new vehicle-of-choice…
BySG close to family office launch
The aim is to outwit private banking rivals in tapping into the ultra-wealthy, composed of super-rich individuals as well…
ByOffshore alive and kicking
The business of managing undeclared money has been killed off following the international push to promote the exchange of…
ByBetween the Rock and a hard place
Gibraltar has been successful in attracting high net worth tax residents, and a flourishing local financial industry caters for…
ByQI seems to be missing IQ
Business dealings on behalf of US clients through foreign investment managers and other institutions are shaping up to be…
ByChina’s ever-expanding rich list
Business dealings on behalf of US clients through foreign investment managers and other institutions are shaping up to be…
ByAll change at Coutts and RBS
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ByRobin Hood’ tax raids go global
John Evans reports.From Britain to the US, governments are punishing the wealthy with higher taxes and sharp reductions in…
ByNo end in sight for margin squeeze
Private banking will find it difficult to return to the rip-roaring profitability that prevailed prior to 2007 and before…
BySurviving under fire
Rathbone Brothers, one of the top five discretionary asset managers in the UK, is faring better than many of…
ByHelp clients come clean – private bankers
A programme of co-ordinated international tax amnesties, allowing worried investors to repatriate their cash from offshore jurisdictions, may be…
ByThe blacklist holdouts fold
Leaders of the Group of 20, after their London summit, bravely declared the era of banking secrecy over But…
ByLatino clients take big Stanford hit
Wealthy investors across Latin America are believed to be among the main victims under the $8 billion fraud case…
ByHSBC’s breakaway brand
HSBC has launched an ambitious re-branding exercise, taking advantage of its global scale to put clear water between itself…
BySingapore, HK feel heat from EU
Now, both cities are being forced to fall into line with the global opening up of banking secrecy, and…
ByUK super-rich ‘apathetic’ amid collapse
Surprisingly, most wealthy individuals in Britain have taken little or no action in the past year to shelter their…
ByDisquiet over banking state ownership
Some high net worth investors have been displaying concern at the sweeping state ownership of a number of banks…
ByEU campaigns against banking secrecy
The EU has introduced two proposals for new directives aimed at combating tax evasion, which have been described as…
ByFirst adviser layoffs hit Asia
The last month has demonstrated wealth management is far from immune from job cuts Even the fastest growing parts…
ByAnsbacher joins list of sellers
Ansbacher Banking Group, the UK private bank, is looking for a buyer or strategic partner for its investment management…
ByEFG model sees it through torrid year
Jean-Pierre Cuoni, chairman of EFG International, tells PBI that firms which allow client relationships to flourish and can simplify…
ByAnd the winners are.
Merrill Lynch has been voted the Outstanding Global Private Bank for 2007 by the readership of Private Banker International,…
ByThe 29 days that shook the world
The changes have been seismic - who could have thought that Wall Street would now have no major investment…
ByOffshore centres face fresh scrutiny
International momentum is growing for tough new action against offshore centres, including intensifying pressure on Swiss banking secrecy which…
ByUK’s wealthy to head for the exits
A swelling exodus of the wealthy from the UK is expected by private banks in the wake of a…
ByStepping into the Unknown
Some map makers, embarrassed by their paucity of information, would add notations like Here be monsters to the blank…
ByLeveraging the Barclays brand
Barclays Wealth, a bank which has been rapidly moving up the ranks of the top-tier wealth managers, took the…
ByCredit crisis drives IT advances
The credit crisis and plunging markets have led many wealth managers to look at the implications for products, advisers…
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