The Switzerland-based banking group reported a broadly positive set of results for last year, in terms of assets under management, income and its client inflows.
Figures show that the group's consumer and wealth management business now accounts for 13 per cent of revenues. Goldman Sachs has expanded into the wealth business over recent years, for example, via its United Capital acquisition of more than a year ago.
The Japanese firm has appointed more than 20 private bankers and other persons for its IWM arm as it builds its franchise across Asia.
While still ruled by a Communist Party, Vietnam has for some time been one of the emerging/frontier market hotspots and is attracting banks, wealth managers and other financial bodies.
Private bank revenues rose in the fourth quarter; the parent group's net income dipped in Q4.
Citi Global Wealth - as the new entity is called - is a "single, integrated platform serving clients across the wealth continuum, from the affluent segment to ultra-high net worth clients." The US bank is not alone in overhauling its business models.
The Swiss regulator is to start proceedings in one case and has decided to halt another, while also reprimanding two more persons in a case linked to alleged money laundering lapses. ...
The Zurich-based private bank has appointed a CEO who had previously held the same post at the now-defunct Falcon Private Bank. ...
The AI Insight platform offers advisors investment research, training, qualification, and compliance support for a range of alternative investments, including private capital, hedge funds, nontraded REITs and BD...
The latest senior moves in wealth and asset management from across Asia. ...
The global hedge fund sector has ended up having a robust 2020, pushing back against some of the difficult times it has experienced in recent years, new figures show. A recent poll of family offices worldwide al...
A new book by a UK journalist challenges a number of economic ideas that he says have damaged living standards, fostered inequality and other problems. It describes the world that the wealth industry inhabits, a...
As we sign off ahead of the holiday, group editor Tom Burroughes looks back at an extraordinary 12 months for the wealth management industry and wider world. ...
As one of the world’s great emerging market economies, how should India figure in the portfolios of high net worth individuals, particularly when considering the risks and consequences caused not just by the p...
In this latest video we take a look at what the industry thinks investors should be doing next year in terms of how they position their portfolios. Vaccine roll-outs and US politics are among some of the topics....
Here is an updated forward features list for our global coverage. The list may be revised on occasions depending on major news events. ...