12/28/2018
Wells Fargo adds more EU offices in Brexit plans for fund management
Wells Fargo makes Brexit plans for its funds arm, following a new banking license in Paris in October
Wealth and Asset Management
12/23/2018
Tilney acquires UK wealth management business
Clients with assets of £340m to transfer to Tilney, along with 11 staff
12/23/2018
Superyachts – it’s not all plain sailing
Owning a superyacht brings great rewards but may also bring significant costs, one of which is tax unless detailed tax advice is sought before the yacht is purchased.
12/23/2018
Caledonia Investments acquires minority stake in Stonehage Fleming
Stonehage Fleming is a highly successful firm with an outstanding, award-winning proposition and a client-centric approach.
12/21/2018
Unibank Privé named best private banking and wealth management bank in CIS
Unibank Privé is actively developing Private Banking in Armenia and expands the range of its services across the CIS countries and Europe.
12/21/2018
Global fund assets amount to €47trn in third quarter
Japan recorded the largest net sales of equity funds (€36bn), followed by Europe (€20bn) and the US (€17bn).
12/21/2018
Swiss private banks dominate takeovers in Luxembourg
EU access key for Swiss banks as costs, regulation drive consolidation in private banking
12/20/2018
Top 5 Christmas Reads From Team Sanlam
No matter how jam-packed my shelves are there’s something about buying a book that always makes me feel there’s room for one more.
12/19/2018
Tilney looking to tap into Northern Ireland wealth market
The firm’s move into the region is a testament to ‘the growth of private wealth’ in the country
12/19/2018
Julius Baer reports Assets under management at CHF 395 billion
Assets under management at CHF 395 billion – Net new money growth close to 5% – Drop in client activity in Q3 affecting gross margin and cost/income ratio – Enhancing focus on core markets and reducing complexity
12/19/2018
Credit Suisse Tells Wealthy Clients to Move Assets Out of U.K.
The bank told finews.asia in a reply that the «House View» of the bank did not currently advise clients to move assets because of Brexit or other political developments.
12/19/2018
Family offices switching to Guernsey supports island’s approach
Nicholas Donnithorne, head of the trust and pensions team at Guernsey law firm Babbe, said that sizeable family offices have been relocating to the island in recent months.
12/19/2018
Octopus Group to unveil 'tech-enabled' wealth manager
Two advisers so far
12/18/2018
Standard Chartered spins off private-equity arm
Bank expects to take a restructuring charge of about US$160 million related to the transaction.
12/18/2018
UBS managed Zurich Italian property fund buys Eurcenter for €90.3m
Coima said the sale price represents a premium of 13% to the asset acquisition price in August 2016 2016 and a 4% premium to the last book value of the property as of 30 June.
12/18/2018
Credit Suisse reportedly advises ultra-wealthy clients to consider shifting assets out of the UK
The FT reported Tuesday that ultra-high net worth individuals (UNHWI), were advised they might want to "accelerate" plans to move their investments out of London before Brexit chaos.
12/17/2018
Barclays expands ethical investment options for Gulf clients
Barclays said the indices’ transparent design makes them particularly attractive for structured products while offering a simple alternative to the Eurostoxx 50 benchmark.
12/17/2018
The Power of a Penny! Interview with Alison Hutchinson, CEO, Pennies – The Digital Charity Box
Raising c. £15 million from 60 million small donations since its conception in 2010, the venture has been a resounding success, proving that human values can triumph in the digital age.
12/17/2018
“We see continued, above-trend growth…” Coutts
Having a similar investment in US dollars means you are really taking a credit risk only.
12/17/2018
Indosuez Wealth Management opens office in Barcelona
The move is in line with Indosuez WM's expansion plans in Europe with a focus on Spain, where the firm has increased its assets under management by 33% over the past year amounting to €4bn at the end of September 2018.