
AUM grows at Vontobel, restructures German business
Vontobel Group has reported a steady inflow of new money in the first ten months of 2012 and announced…
ByVontobel Group has reported a steady inflow of new money in the first ten months of 2012 and announced…
By LizabethDavisSociete Generale Private Banking (SGPB) reported a 42.9% drop in contribution to group net income, to 16m ($20m) from…
By LizabethDavisBNP Paribas wealth management unit reported a 7.1% increase in assets under management in its 2012 third quarter results…
By LizabethDavisStrong growth in income at RBSs wealth division drove a 44% leap in operating profit year-on-year to £65m ($104m)…
By LizabethDavisLloyds Banking Group said in its Q3 results that it was making good progress in strengthening its wealth, asset…
By LizabethDavisThe UKs Financial Services Authority (FSA) has taken action against two prohibited investment advisers in two separate investigations.
By LizabethDavisUK wealth manager Quilter has confirmed that it is in advanced discussions with Cheviot Asset Management, following plans for…
By LizabethDavisJulius Baer said today that it has raised 99.91% of the rights offer it set out in relation to…
By LizabethDavisSociété Générale Private Banking Japan (SGPBJ) has been reprimanded by Japans Financial Services Agency (JFSA) and forced to suspend…
By LizabethDavisFranco-Belgian bank Dexia has completed the sale of its asset management arm, Dexia Banque Internationale a Luxembourg (BIL), to…
By LizabethDavisGlobal household wealth dropped 5.2% to $223trn from mid-2011 to mid- 2012 due to the economic downturn Credit Suisse…
By LizabethDavisSociete Generale Private Banking (SGPB) has sold the Canadian subsidiary it bought in 2008, Canadian Wealth Management Group (CWM),…
By LizabethDavisThe Wealth Management Websites That Win Clients 2012 report conducted by Swiss research company MyPrivateBanking, found that the quality…
By LizabethDavisWealth management mergers and acquisitions (M&A) valuations benchmark has fallen to 2% of assets under management (AUM), and looks…
By LizabethDavisWealth managers have benefited from distributing and developing investment products allowing them to win business from asset managers, new…
By LizabethDavisSpeaking at the Barclays Global Financial Services Conference in New York, Credit Suisse finance chief, David Mathers, said that…
By LizabethDavisAlmost two-thirds of family businesses have reported revenue growth of at least 5% in the prior year outperforming many…
By LizabethDavisSan Francisco-headquartered Bank of the West, which is a subsidiary of BNP Paribas, has opened a flagship wealth management…
By LizabethDavisSkandia International, the offshore business of Old Mutual Wealth Management, has made three senior appointments in Singapore and Hong…
By LizabethDavisCitibank Korea has launched its firstCitigold Private Client centre, a wealth management service for high net worth individuals (HNWIs).…
By LizabethDavisBarclays has appointed Edward Moldaver as managing director of its wealth and investment management division in New York Moldavers…
By LizabethDavisRoyal Bank of Canadas (RBC) wealth management division reported a $36m year-on-year drop in net income to $156m ($157m)…
By LizabethDavisJenkins who currently heads Barclays retail and business banking (RBB) division has been appointed as a director and group…
By LizabethDavisThe international private banking and asset management group which saw a decline in profits at the same period last…
By LizabethDavisPaul Patterson is to become deputy chair ultra high net worth (UHNW) international at RBC Wealth Management following recent…
By LizabethDavisAsba, a subsidiary of Barclays, said that the two groups are currently in talks about combining the majority of…
By LizabethDavisBarclays has created an independent asset managers (IAM) team in Singapore in hopes of driving further, growth in its…
By LizabethDavisIT provider SunGard has identified ten key trends that are heavily influencing Asias wealth management and private banking industry.…
By LizabethDavisThere has been a sharp rise in investor sentiment this month the Bank of America Merrill Lynch (BofA) survey…
By LizabethDavisUK-based multi-family office Stonehage Group has warned investors in gold suggesting they take a neutral stance in investing in…
By LizabethDavisBNP Paribas reported a 28% pre-tax income slump at its wealth and asset management divisions on a year-on-year basis.…
By LizabethDavisSafra Group has completed its acquisition of Rabobanks majority stake in Bank Sarasin and has launched its offer for…
By LizabethDavisArbuthnot Groups private banking subsidiary, Arbuthnot Latham reported a 40% jump in profits year-on-year to £1.4m in the first…
By LizabethDavisHowever there was substantial growth reported in its wealth division where the retail bank made a profit of 17…
By LizabethDavisFormer HSBC employee Herve Falciani has been arrested in Spain at the request of Swiss authorities seeking his extradition…
By LizabethDavisEFG Internationals IFRS net profit dropped 5% in the first half of 2012 to CHF53.1m ($54.2m), down from CHF55.9m…
By LizabethDavisHSBC has closed its private bank and wealth management division in Ireland. HSBC confirmed to PBI that the Dublin-based…
By LizabethDavisCiti Private Bank revenues were to $570m as at 30 June, representing a 3% year-on-year growth, compared with $555m…
By LizabethDavisSocit Gnrale is to pay $11m to clients after the bank failed to inform them about the full fees…
By LizabethDavisUBS has reorganised its investment and products and services (IPS) division across the UK and Jersey The news, which…
By LizabethDavisThe double taxation agreement (DTA) between Switzerland and the Republic of Malta has come into force.
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