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Julius Baer confirms purchase of Merrill Lynch private bank outside US‎

Approximately two thirds of IWM AuM are from clients domiciled in growth markets in Asia (more than half), Latin America and the Middle East.

BNP Paribas wins global private bank custody contract

Following an extensive tender and due diligence process to rationalise the business and optimise costs, the Bank’s management chose to consolidate its assets under custody with BNP Paribas based on the custodian’s global reach, technology offe

OCM Wealth Management expands with Hertfordshire firm merger

Stather-Lodge said he planned to attract more advisers to work under the OCM brand and use its centralised investment proposition.

Germany's Wealth Grab

The impulse to soak the rich isn't exclusively French.

Canaccord Open to Making Smaller U.K. Wealth Acquisitions

Paul Reynolds, president and chief executive of Canaccord, said the independent brokerage firm would "take a look" at small acquisitions in the U.K. that would prove "fairly attractive or highly accretive" to the company.

SocGen to offload TCW

The transaction, which will see Amundi sell its holding in the company, is subject to receipt of all required regulatory approvals. The financial terms of the agreement were not disclosed.

French bank woos women with handbag insurance, handyman hotline

What does every woman want? One French bank thinks it knows the answer: Handbag insurance and a handyman hotline.

The Wealth Manager for Rich Geeks

Financial advice is a tricky sell in the Valley. The place is full of Ph.D.s with problem-solving skills, an unusually strong aversion to fees, and no clue what to do with their money.

Cazenove set for Asia push with Hong Kong office plans

He said Cazenove had found its investment approach had gained traction in the market.

Skandia International offshore bond sales fall by a quarter in H1

Skandia International’s offshore bond sales fell 26% in the first half of this year compared with the same period in 2011.

France's richest citizens to flee President François Hollande's proposed 75 per cent tax on one million euros

The 75 per cent tax plan for the rich to "pay extra tax to get the country back on its feet again" will come before the Parliament next month.

Credit Agricole’s Emporiki Gets Bids From Greece’s Biggest Banks

National Bank of Greece SA and Eurobank Ergasias SA submitted offers for Emporiki, they said in statements Wednesday.

Two thirds of fs practitioners retain little or no trust in the UK banking industry - CISI survey

That compared with only 2% who consider the under-fire sector to be totally trustworthy.

Super rich return to real estate

The report shows residential property is currently the most popular asset class among wealthy investors, with real estate accounting for one third (33%) of the investment portfolios of HNWIs worldwide.

Erste Hungary CEO: Buys BNP Paribas Private Bank Arm

. Banks have been forced to narrow their network of branches and the number of employees.

City calls for heads to roll at Standard Chartered

Mr Sands has been chief executive of Standard Chartered since 2006.

Sanlam Private Wealth snaps up three advisory books

The firms has acquired Oakdene Practice in Bristol, Parkgate Financial Solutions in Warrington and Libra Associates in Dorset.

Game changes for foreign banks in Switzerland

While foreign banks do not make much of a splash in the Swiss media, in relative terms this inconspicuousness hardly seems justified.

Vestra partner and ex-Blair adviser Derek Scott passes away

Vestra Wealth partner and former economic adviser to Tony Blair, Derek Scott, has passed away.

Intesa Sanpaolo Private Banking posts 48% increase in net profits

Intesa Sanpaolo private banking posted positive H1 results, with net profits at €68.8m, a 48.1% year on year increase.

Wealth and Asset Management