05/14/2012
High earners say au revoir to France
The annual mass exodus from the French capital sees the city's inhabitants while away the August heat in the countryside.
Wealth and Asset Management
05/14/2012
RBS boss: Life is not about money (and this from a man who pockets £1.2m a year)
Mr Hester told pupils at a South London school that life ‘is about doing things that make you feel valuable, not necessarily measured by money’.
05/14/2012
Family Office Exchange Expands Its Audience
New FOX Wealth Center website offers non-members access to proprietary FOX research for the first time
05/11/2012
Butterfield seeks to cash in on London high-end property boom
The Bermuda bank’s UK operation is among a growing number of foreign private banks entering the London mortgage market by offering home loans in excess of £1 million.
05/11/2012
Heartwood’s Lough: FSA has got RDR independence wrong
While the wealth management chief is largely supportive of the regulation’s underlying principles – not least upping professional standards and the removal of trail commission – he says the FSA has got it wrong when it comes to its crite
05/11/2012
Clients not fleeing Swiss banks over tax deals
In the wake of the financial crisis, Switzerland has come under heavy global pressure to weaken its tradition of strict bank secrecy to help cash-strapped governments hunt tax dodgers who have hidden their assets in vaults in Zurich and Geneva.
05/11/2012
IMF Identifies Risks In Swiss Banking Sector
The risk of a real estate bubble is growing, the IMF has reported, with domestic mortgage credit and real estate prices rising, exacerbated by monetary policy pressures, and presenting dangers for exposed domestically-oriented banks and insurance companie
05/11/2012
deVere Group comes out in support of increased industry scrutiny by FSA
The deVere Group is publicly championing the Financial Services Authority’s latest plans to tighten-up regulation within the wealth management sector.
05/11/2012
Buyout Firms Drop Out Of Auction For Dexia Asset Management
At least two private-equity firms have dropped out of the auction for Dexia Asset Management ahead of the second round, people familiar with the situation told Dow Jones Newswires on Thursday.
05/11/2012
Lloyds private bank merges ultra and HNW units
Lloyds TSB Private Banking has streamlined its high and ultra-high net worth private client divisions by merging the two departments into a single unit.
05/10/2012
Credit Suisse opens German property fund for 1 day
If they exceed the available net liquidity of 25 percent of the fund's volume, all of the fund's assets will be liquidated, which is what will happen in the case of SEB ImmoInvest.
05/10/2012
Rathbone Brothers Reports Rise In Q1 Net Operating Incom
The independent provider of personalized investment and wealth management services stated that net operating income in Investment Management increased 11.8 percent year-over-year during the first quarter to 37.9 million pounds from 33.9 million pounds rep
05/10/2012
Barclays Swiss Bank’s Loss Widens as Expenses Increase
Barclays’s Swiss private bank reported a second consecutive annual loss last year as fee and commission income declined.
05/10/2012
HSBC In Talks To Sell South American Operations
The U.K.-based bank didn't elaborate on the talks or give financial details in a brief statement to the Hong Kong stock exchange, but said it will make a further announcement "if and when appropriate."
05/10/2012
Old Mutual Wealth Management reports 8% increase
"Nedbank maintained the momentum it established last year by delivering positive margins, strong growth in non-interest revenue and continued reductions in credit losses.
05/10/2012
Axa Wealth teams up with Ashcourt Rowan
Ashcourt Rowan has made its discretionary fund management services available on Axa Wealth’s Elevate platform.
05/10/2012
Shipman Financial acquires rival IFA
The latest deal was prompted by the retirement of co-founder John Pratt
05/09/2012
AFH launches wealth management venture
The JV enables AFH to access the influential South Wales market and grow the new brand quickly and efficiently.
05/09/2012
Business models: New entrants pose challenge to old guard
But in recent years, an unheard of trend has emerged: new rivals have entered the fray, challenging the business models of longstanding incumbents. Some
05/09/2012
Philanthropy: Rich seek better guidance on how to give away cash
In less than a decade, philanthropy offices have become an integral part of the world’s largest private banks and wealth management providers.