Business Profile: Itaú Private Bank
For four consecutive years now, Itaú Private Bank has won PBI’s award for ‘Outstanding Private Bank – Latin America’. Oliver Williams asks Carlos Albertotti, it’s head…
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How the future of wealth in the Middle East will change private banking
Never has wealth management in the Middle East been more urgent. Oliver Williams looks at the future of private…
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Business Profile: Plato Capital
In the last of our series of articles looking at the Middle East, Oliver Williams speaks with Farnoush Farsiar,…
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Arbuthnot Latham averages 40 new clients per month
Arbuthnot Latham says that a change in strategy in attracting new clients this year has resulted in around 40…
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Nearly half of young HNWIs are switching wealth managers
Just under half of wealth management clients under the age of 55 "have considered switching, or already switched, wealth…
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Private Banker International Global Awards: The Winners
Winners of the Private Banker International Global Awards were announced on Friday evening at a ceremony in Singapore. The…
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Swiss banking secrecy unravels one year after it officially ended
One year ago, the Federal Tax Administration (FTA), the Swiss tax agency, officially started exchanging bank account data with…
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Schroders brings private equity to the masses
British asset manager Schroders has launched a new specialist private equity fund designed for HNWIs and professional and qualified…
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Book Review: The Banker Who Died
When, last week, Credit Suisse's former head of wealth management, Iqbal Khan, found he was being followed through Zurich…
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The Middle East’s future wealth spots: Four regions to watch
In the first of a series of articles looking at wealth management in the Middle East, Oliver Williams highlights…
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Another report finds Asia UHNWIs are poorer
A report on Tuesday found the total net worth of ultra high net worth individuals (UHNWIs) around the world…
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Credit Suisse COO resigns over spying scandal
Pierre-Olivier Bouée, the chief operating officer (COO) of Credit Suisse, has resigned, with immediate effect, after an investigation found…
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Swiss bank to close robo advice service following “low demand”
Glarner Kantonalbank, a Swiss bank, will close its robo advice service, investomat.ch, at the end of November, citing a…
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MIFID II helps UK investors save £70m
Research from the Financial Conduct Authority (FCA) has found that investors in UK-managed equity portfolios have saved £70 million…
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UK wealth manager woos Chinese with golden visas
Henderson Rowe, a British wealth manager, has formed a partnership with Elivisa Consulting to help clients applying to the…
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DBS plans to double Thailand wealth business by 2023
DBS Private Bank plans to double its assets under management and number of relationship managers it employs in Thailand…
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Dealing with difficult clients: A guide to conflict resolution
Complex conversations are part and parcel of private banking. But few relationship managers are equipped to deal with them.…
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Business Profile: Dolfin Wealth Management
Dolfin believes it has found the ultimate solution to marrying technology with the individual service of a bespoke wealth…
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Geopolitical uncertainty sends HNWIs to the Caribbean
Could Caribbean countries now be home to more HNWIs than other island nations? Oliver Williams looks at a region…
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Tiedemann Constantia: Zurich’s latest wealth manager targeting HNWIs
US-based Tiedemann Advisors have announced they will open a new office in Zurich together with Constantia Partners, a Swiss…
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Family offices boom as Asia’s wealth matures
The number of family offices in Asia has increased dramatically as the age of many family patriarchs or matriarchs…
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Private banking in the Philippines: Asia’s next frontier?
In the past two months, HSBC and Maybank have both ramped up their wealth management offerings in the Philippines. Oliver…
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Business Profile: JP Morgan Private Bank UK & Ireland
The UK and Ireland arm of the American banking giant behemoth is a surprising leader in environmental and social…
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Wealth management recruitment heats up as wealth creation slows
The relationship manager brings more millions through the door than any other marketing means. But as wealth creation slows,…
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Volatility drives demand for golden visas
A spike in geopolitical uncertainty, a fall in HNWI wealth and a rise in the number of countries offering…
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Rise of the Club Deal: Why HNWIs are clubbing up on investments
More and more UHNWIs are bypassing traditional investments and instead ‘clubbing up’ with their fellow multimillionaires. Oliver Williams looks…
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Is automation really replacing jobs in private banking and wealth management?
Consultants and tech advocates have long predicted the wave of redundancies that will accompany the inevitable automation of the…
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How much is a private banker worth?
It is a fortunate irony that while looking after HNWIs money, private bankers can become a millionaire in the process.…
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In pictures: Singapore’s private banking branches get creative
In a rebuke to digital wealth management in Singapore, a string of banks have opened new premises for their…
ByArbuthnot doubles H1 profits with new mortgage purchase
Arbuthnot Banking Group, the holding company of British private bank Arbuthnot Latham has announced half-yearly profits before tax of…
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Are corporate art collections appropriate in this day and age?
Last year Abraaj, a Dubai-based private equity fund with a preference for emerging markets, went into administration. Poor returns…
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What is Hybrid Wealth Management?
Hybrid is the way forward for wealth management. So concluded the majority of speakers at Private Banker International’s London…
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Personal connections make wealth managers more profitable, report finds
Personal connections between client and advisor are increasingly important to wealth management firms' profitability according to the 'World Wealth…
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Private Banker International Global AuM ranking
Private Banker International has joined forces with GlobalData to produce its second annual Global Private Wealth Managers AUM Ranking.…
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The Largest Private Banks in Asia
Wealth in Asia is rapidly growing and so are the private banks needed to manage it. About time, then,…
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Societe Generale eyes sale of Kleinwort Hambros
French banking group Societe Generale is planning the sale of its UK private banking arm Kleinwort Hambros, Bloomberg has reported.…
The largest private banks in the US
The US is home to some of the largest private banks in the world. But which actually are the…
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Credit Suisse feels John McDonnell’s ire
Swiss bank Credit Suisse has come under attack from the UK's shadow chancellor, John McDonnell, for reclaiming £239 million…
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A fifth of Asian assets are in sustainable investments but China leads the way
The average portfolio allocation to sustainable investments in Asia has reached 19%, according to a new report from Standard…
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Why European private banks might become less international
A combination of political concerns twinned with the availability of foreign citizenships means that wealth is crossing European borders…
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Global rise in wealth “came to a sharp halt in 2018” says BCG report
"The steady rise in global wealth growth came to a sharp halt in 2018", is the opening line of…
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What should HNWIs expect from another term of Modi?
BJP has won another term as the governing party of India. But should investors and HNWIs celebrate the election…
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Business Profile: Mirabaud
For over a century and a half since it was founded, Mirabaud was typical of many family-run Swiss banks:…
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Investec closes online investment platform as costs increase
Investec Group has closed its online investment platform, Click & Invest, as operating costs at the British and South…
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UK private banking and wealth management families lose £1.1 billion
Some of the UK's richest bank owners have lost a collective £1.1 billion of their net worth, according to wealth…
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The future of private banking in Germany: Four trends shaping the market
Following Private Banker International's second Germany conference at the end of April, and a collapsed merger between two of…
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The succession swindle: Why advisors should do more to help the next-gen
Private banks often say they focus on succession planning and engaging the next generation. But do they really have…
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Private Banking and Wealth Management Germany 2019
Private Banker International's second Germany conference took place in Frankfurt at the end of April. Oliver Williams chaired the…
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UBS shareholders vote against top management
In a heated annual meeting on Thursday, UBS shareholders voted against the performance of board directors and senior management. Just…
By Why family offices are the biggest threat to private banking
A growing dissatisfaction of private banks is driving more and more UHNWIs to join a family office or set…
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Activist investors hit out at private banking pay and appointments
Activist investors are putting the pressure on British bank Schroders to reverse a director appointment and cut bonus pay. But…
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Five facts about HNWI asset allocation to property
With property markets in flux, Private Banker International looks at HNWI property investment as an asset allocation and asks…
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Business profile: J. Stern & Co
Most family offices are either a ‘single’ or ‘multi’. J. Stern & Co. has been both. Oliver Williams talks…
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Why Europe’s principalities, duchies and dependencies are courting entrepreneurs
Amidst a European power struggle, a handful of principalities, duchies, dependencies and islands are pulling out the stops to…
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The best and worst luxury investments of 2018
Investing in luxury goods has been a defining trend in private banking as wealthy investors buy up 'tangible' items…
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The advantages of private banks for millennials
Frequently perceived as an old-world and stuffy, private banks are reinventing themselves to stay relevant for a younger generation. Oliver…
ByEdmond De Rothschild appoints new leadership amid privatisation
Swiss banking group, Edmond De Rothschild, has named Vincent Taupin as its new CEO, just three weeks after announcing…
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Europe sees jump in mobile wealth management account openings
Europe has seen the number of wealth management account openings on mobile devices almost double in the past year.…
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EU demands an end to ‘golden visas’
The EU has urged member states to cease schemes that provide citizenship or residency in return for investment -…
ByArbuthnot Latham profits increase by a third in 2018
British private bank Arbuthnot Latham recorded a profit before tax of £14.6m in 2018, a 33% increase from the…
By Family office Sandaire launches private equity business
London-based multi family office Sandaire has announced a new private equity business to serve existing and prospective clients. The…
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Giving the Givers a hand: Why private banks need to do more to help philanthropists
Private banks are not doing enough to help clients that are interested in philanthropy, experts say. Oliver Williams finds…
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Profile: Weatherbys Private Bank
As Cheltenham Festival kicks-off today, Private Banker International talks to a bank which with a centuries-old tie to horseracing...…
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UK Home Office toughens up on money laundering
High net worth investors looking to live in the UK will now face tougher tests after the Home Office…
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These countries lead the way for global UHNWI growth
The global UHNWI population is forecast to grow by 22% in the five years to 2023, meaning an extra…
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New study finds financial advisors make gender-based assumptions
A new study has found that financial advisors assume female high net worth investors have less control over their…
By China has 213 fewer billionaires after market meltdown
As many as 213 Chinese tycoons have lost their dollar billionaire status after poor market performance and the effect…
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The future of private banking in Switzerland
The future of private banking in Switzerland is at a critical juncture. The industry faces threats from Europe, competition…
By UK Swiss trade deal boon for private banks
Britain announced on Monday that it has signed a trade deal with Switzerland, in what could be a pre-Brexit…
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How will Asian emerging markets perform in 2019: Experts give their opinion
India is facing a contentious election. And China trade tariffs from the US. Is the party over for Asia’s…
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The belated rise of the Asian family office
Wealthy Asian families are opening offices to manage their personal wealth in increasing numbers. Oliver Williams asks why now,…
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How likely is a no deal Brexit? Financiers weigh up the possibilities
Following the historic defeat of Theresa May's withdrawal agreement to take Britain out of the EU, the likelihood of…
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Northern Powerhouse gives hope to Brexit Britain
Undeterred by Brexit, many private banks started opening offices in the North of England last year. Oliver Williams investigates…
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A look inside Maybank’s new Wealth Academy
In June last year, Maybank announced it was partnering with Nanyang Technological University (NTU) in Singapore to launch a…
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Wealthy urged to invest in waste as one of ten themes for 2019
BNP Paribas Wealth Management is advising its clients on investments in waste management, as it identifies the sector among…
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Five ways wealthy are preparing for a Corbyn government
Wealthy Brits might be unlikely to vote for the Labour Party and its leader Jeremy Corbyn in any forthcoming…
By Five ways HNWIs are preparing for a Corbyn government
Wealthy Brits might be unlikely to vote for the Labour Party and its leader Jeremy Corbyn in any forthcoming…
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PBI Switzerland Conference 2018: A Review
A record number of people attended Private Banker International’s Switzerland conference and awards in December. That meant a diverse…
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Global art market returns to growth driven by US buyers
Sales in the global art market reached $63.7 billion in 2017, up 12% from 2016, according to a new report…
By China wealth managers allowed to buy shares for first time
The China Banking and Insurance Regulatory Commission (CBIRC) has allowed China wealth management subsidiaries of domestic commercial banks to…
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Succession bought into 21st century with leadership and constitutions
Ultra high net worth families are moving away from traditional succession practices and instead focusing on leadership, family constitutions…
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Exclusive: Asian millionaires underserved by Private Banks
High net worth individuals are underserved by Asian private banks according to data compiled by Private Banker International. Oliver Williams…
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Wealthy entrepreneurs put their faith in tech stocks
A bull market has caused wealthy entrepreneurs to flock to equities in the past year, with tech stocks being…
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Bank of China to create wealth management offering
Bank of China (BOC) is to become the first of the 'big four' state-owned banks to create a wealth…
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Next-gen HNWIs flock to Britain despite Brexit
Wealthy individuals will continue to send their children to be educated in the UK regardless of Brexit a new…
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Goldman Sachs to repay Malaysia as US extradites 1MDB banker
On Wednesday Malaysian police said that a former Goldman Sachs banker mired in the 1MDB scandal would face extradition to…
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Online wealth manager Nutmeg rolls out personalised financial advice
Nutmeg, the UK online wealth manager, has announced plans to roll out personalised investment advice. The new offering is…
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Responses to the UK Budget 2018 and its effect on HNWIs
The UK budget 2018 released on Monday promised an end to austerity cuts, a new digital services tax and…
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Is fintech getting personal? Why online wealth management needs a human hand
The appeal of fintech to HNWIs is simple: It is an efficient and hassle free means for them to…
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Maitland launches South African multi family office as HNWIs look to move wealth offshore
The global trust and administration firm Maitland has announced it is launching a multi-family office to service high net…
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High earning females prefer face-to-face financial advice
High earning females prefer face-to-face financial advice much more than their male counterparts according to a recent report. Just…
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Murdoch children to become world’s youngest billionaires after Fox-Disney deal
Each of Rupert Murdoch’s children are set to receive at least $2 billion from the sale of 21st Century…
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Billionaire Roman Abramovich denied Swiss residency after British visa withdrawal
The Russian billionaire Roman Abramovich has been denied residency in Switzerland after federal police stalled the application process, saying…
By Family offices cost their owners an average of $11.4m as CEO salaries rise 11%
The cost of running a family office stood at an average of $11.4m over the last year, which includes…
ByWestern European private banks saw record profits in 2017
Western European private banks saw record profits pools of EUR 15 billion in 2017, following a disappointing 2016. The…
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Trade war impact on private banking
Weathinsight head Oliver Williams analyses the trade war impact on private banking the effect of Brexit and how banks…
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How multi-family offices are preparing for millennials
WealthInsight head, Oliver Williams, reviews how multi-family offices (MFOs) are responding to generational and technological challenges. Like other areas of…
ByThis summer’s top private banking sponsored client entertainment
Like swallows, HNWIs travel from the furthest corners of the globe to Europe for the summer. But while some…
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How the Oxfam Scandal: How it will affect HNW Philantrophy
The Oxfam scandal has shaken the UK charity sector to its core causing many of its donors to rethink…
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Unexplained Wealth Orders: How will it affect HNWIs?
Law enforcement agencies in the UK now have the power to seize the assets of wealthy individuals suspected of…
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How private banks can solve China’s family succession crisis
A host of surveys and studies have revealed that more and more Chinese successors want nothing to do with…
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Digital dilemmas for private banks: PBI Global Wealth Summit highlights
WealthInsight's head Oliver Williams highlights key takeaways from the recent Private Banker International Global Wealth Summit in Singapore and…
By Smarter Money: private banks and universities
Head of WealthInsight, Oliver Williams, explains why private banks should work closely with leading universities to attract new clients,…
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Smarter money: Why private banks should work with leading universities
This month data from WealthInsight reveals the universities that have the highest number of HNWI alumni (see the full…
ByHow can private banks reach more UHNWIs? Marketing to millennials and more
In a fragmented media landscape, marketing to wealthy audiences is harder than ever. Head of WealthInsight, Oliver Williams, looks…
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Targeting female HNWIs: Who and where are they?
Private banks have gone to lengths to attract wealthy women, yet new data from WealthInsight shows female HNWIs amount…
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When will private banking reach peak digital?
At the recent annual PBI London Conference and Awards, the prevailing theme was, once again, the threat and opportunity…
ByPrivate Banking in Africa: Wealth taxes and amnesties
The boom-years seemed unstoppable. Africa was once the new China. Private wealth was surging and a new entrepreneurial class…
ByCOMMENT: Wealthy Americans are getting richer under the Trump administration
As the world watches every move (and tweet) of the new Trump administration, they may have not noticed one…
ByNo Golden Egg during Chinas Year of the Rooster
As Chinas wealthy weigh up the size of their red envelopes the traditional gift presented at Chinese New…
ByWhat will President Trumps reign mean for millionaires?
In what ways will the US election impact the wealthy community? Oliver Williams, head and founding member of WealthInsight,…
ByData in the digital age how and why private banks should address data
The amount of data accessible to the modern banking industry is compelling, yet can be overwhelming. Head of WealthInsight,…
ByBrexit’s impact on HNWIs (part II)
Nearly three months after the UK voted to leave the EU and WealthInsight first wrote of its implications on…
ByTurks & Coups: How Turkeys attempted coup affects HNWIs
A recent report from WealthInsight has shown that Turkey now has a high net worth (HNW) community of 96,768…
ByA Brexit Guide for HNWIs
In light of the UK's vote to exit the European Union, Oliver Williams, head of WealthInsight, assesses the implications…
ByBanking on Nigeria
Its currency is struggling, its infrastructure is underdeveloped and its corruption record recently made headline news in the UK;…
ByDefining a Family Office
Several family offices do not call themselves a 'family office'. This has led to confusion around what being a…
ByEXPERT COMMENT: Finding the Smoking Gun – Triggers of Wealth Movements in Asia
HNWIs will grow at a faster rate in Singapore than in Hong Kong over the next five years, at…
ByWhat the emerging market currency collapse means for HNWIs
Latest data from WealthInsight this week confirms a widely assumed fact: London is the most popular city in the…
BySmall-time Oligarchs shun Europe
It could be claimed that, were it not for Russias oligarchs, central London would not be the place it…
ByInheritance, Iran and Investors: What the summer holds for Middle Eastern HNWIs
Welcome to the monthly instalment of news and views from PBI's sister company, WealthInsight - the leading provider of…
ByEncrypted phones not solely for news of the world victims
Technology is often seen as an underappreciated side of private banking. Online banking was slow to introduce during the…
BySwitzerland: Can new money fix old banks?
Oliver Williams reports that Switzerland is looking to the Middle East, hoping that the strong ties will provide lifelines…
ByMirabaud hires former BlackRock’s Tubbs to start EM fund
Mirabaud Asset Management has hired the former co-head of BlackRocks global emerging markets team to head a long-only UCITS…
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