StanChart launches unified account for NRIs
Standard Chartered has launched a new unified account aimed at making it easier for non-resident Indians (NRIs) in the…
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Thomas McMahon
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Asian private banks overlook key $1-5m segment
Private banks in Asia are overlooking key segments while they chase ultra-high-net-worth individuals (UHNWIs) and are missing out on…
ByNorthern Trust consolidates UHNW business
Northern Trust has consolidated management of its divisions serving UHNW clients and family offices in the US and EMEA…
ByTech boom changing face of global UHNW wealth
The growing global technology sector is a game changer for family involvement and the way fortunes are founded and…
BySwiss franc strength hits profits at BSI
BSI Group, the private bank belonging to the Generali insurance group, saw net new money inflows rise by 8.8%…
ByLondon and New York to remain top for 10 years
Global wealth continues to shift to Asia, but London and New York are likely to remain the most important…
ByBarclays opens new client experience portal
The Little Book of Wonders offers 16 lifestyle sections such as sport, philanthropy, literature and style and will offer…
ByFSA slaps Coutts with record £8.75m fine
Coutts has been slapped with its biggest ever fine from the UKs Financial Services Authority (FSA) for serious, systemic…
ByHNW clients rise sharply at CCB
China Construction Bank (CCB) has reported a sharp rise in the number of HNW clients it handles. The bank…
ByDeutsche Bank confirms de Weck’s replacement
Deutsche Banks head of private wealth management, Pierre de Weck, will stand down from the banks group executive committee…
ByMerrill Lynch expands mobile services
Merrill Lynch Wealth Management is expanding the range of online services it offers clients on a number of portable…
ByMirabaud launches unit aimed at sportsmen and artists
Swiss private banking group Mirabaud is to set up a new business unit in Spain, Mirabaud Sports, Art &…
ByUK Budget targets tax avoidance and property
A crackdown on stamp duty and tax avoidance measures in this years UK budget could make wealthy non-doms think…
ByCoutts sells emerging markets business to RBC
Royal Bank of Canadas (RBC) wealth management armis to buy the Latin American, Caribbean and African private banking business…
ByBarclays Wealth rebrands
Barclays has rebranded its private banking, investment and corporate businesses, which will from now on all operate under the…
ByJulius Baer chairman steps down
Raymond Baer is stepping down from his position as chairman of Swiss private bank Julius Baer, and will lead…
ByAsian wealthy increasingly sophisticated, remain aggressive
A survey last autumn of the sentiment of 2,700 affluent Asians with an average $1.4m assetsin nine markets showed…
ByStanChart banker arrested in China
A private banker at Standard Chartered has been arrested in China over allegations against a wealthy client. Wu Yidian…
BySwiss companies collaborate on FATCA compliance
PwC Switzerland and banking software company Avaloq will collaborate to help clients comply with Foreign Account Tax Compliance Act…
ByBahamas passes BEE offshore structure into law
A new legal entity making it easier for family members to manage offshore trusts has been passed into law…
BySocGen targets UHNW entrepreneurs
Socit Gnrale Private Banking (SGPB) has launched a new offering for UHNW entrepreneurswho have a holding company or a…
ByFSA fears products still being mis-sold
The UK Financial Services Authority (FSA) remains concerned that private banks and the wealth management industry may be mis-selling…
ByMorgan Stanley secures banking licence in Singapore
Morgan Stanley has received a wholesale banking licence in Singapore, signaling a reorganisation and expansion of its Asian private…
ByJulius Baer moves into Israel
Julius Baer has opened a representative office in Tel Aviv, moving into Israel for the first time The office…
ByJP Morgan launches EMEA Family Office Team
Morgan has announced the launch of the JP Morgan Family Offices Solutions Team in Europe, Middle East and Africa,…
ByVineet Vohra HSBC’s new head of Asia Pacific Wealth Development
Based in Hong Kong,Vohra will drive the delivery of the Banks wealth management strategy by leading the build out…
ByFrench regulators probe SocGen on control systems
French financial regulators launched disciplinary proceedings against Socit Gnrale last September, following an investigation into its private bank, the…
ByEFG ends interest in MBAM
EFG International has sold its remaining interest in hedge fund manager Marble Bar Asset Management, as the group continues…
ByRothschild names private client co-heads
Rothschild Wealth Management has named Jon von Planta and Riccardo Petrachi co-heads of its private client business in Zurich,…
ByUBP to acquire Nexar Capital Group
Switzerlands Union Bancaire Prive (UBP) has signed a deal to acquire alternative investment manager Nexar Capital Group, saying the…
ByPrivate banking pessimism on Greek rescue deal
Barclays Wealth believes there is a 40% risk that politicians will continue to muddle through poorly in their approach…
ByJ.P. Morgan appoints EMEA investment head
Morgan has appointed Peter Gabriele head of investments for private clients in Europe, Middle East and Africa (EMEA) Based…
ByUBS names new head of UHNW Europe
UBS has appointed Eva Lindholm as the new head of ultrahigh net worth (UHNW) Europe, recruiting her from JP…
BySarasin Group suffers profit dip
a fall of 10.3%, with Joachim Straehle CEO of Bank Sarasin, describing the overall result as very modest. Assets…
ByCompliance costs hit UK wealth managers
Total estimated compliance costs for private banks in the UK equated to 47% of the sectors profits in 2010,…
ByBarclays Wealth Advisory opens in Monaco
Barclays Wealth has extended its wealth advisory services to clients in Monaco as part of its increased focus on…
ByLDF’s benefits underlined in Singapore
Wealth management firm Kaiser Partner has highlighted the relevance of the Liechtenstein Disclosure Facility (LDF) for UK individuals in…
ByAltaira Wealth Management launches Middle East subsidiary
Altaira Middle East has been licensed by the Central Bank of Bahrain to perform Category three activities.A Category 3…
ByPositive 2011 result for Bank of Singapore
Assets under management (AUM) at Bank of Singapore a subsidiary of OCBC Bank rose by 19% in 2011, ending…
ByAUM net inflow dips sharply at Nordea
Nordeas Nordic private banking business generated a net inflow of 100m ($131.8m) in assets under management for 2011 representing…
BySingapore set for family offices boom
Singapore is expected to fully embrace the more traditional family office model, according to a report written by Richard…
ByFranco Morra to lead HSBC’s Euro private banking business
Franco Morra has been appointed to succeed Alexandre Zeller as the CEO of HSBC Private Bank (Suisse) In addition…
ByCBA posts rise in private banking income
Commonwealth Bank of Australias (CBA) income from private banking rose to A$128m ($137.3m) in the second half of 2011…
ByAsset inflows boost for BNP Paribas
BNP Paribas reported asset inflows of 3.5bn ($4.58bn) in private banking as at 31 December 2011, up 9.4% compared…
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