Amundi subsidiary CPR Asset Management has named a new chief executive, with Cazenove’s new chief investment officer joining from Architas. Northern Trust AM has a new head of Asia Pacific, while the chief executive of newly rebranded Al Hilal is to depart.
Thousands of Dutch citizens face having details of their Swiss bank accounts combed over by tax authorities despite a court ruling that they should not have been disclosed.
UBS Wealth Management, part of Swiss bank UBS, said income from its Asian operations rose in 2015 while other regions were down.
HM Revenue & Customs (HMRC) has shut down a major tax avoidance scheme used by bankers at UBS and Deutsche Bank to avoid paying around £135m in tax.
The US Internal Revenue Service (IRS) wants Singapore to waive its bank secrecy laws and push UBS into releasing financial information of a US citizen.
A Belgian judge has charges Swiss bank UBS with money laundering and serious and organised tax evasion, according to media reports.
Lombard International has named former UBS Deutschland chief executive Axel Hörger as head of its European operation, succeeding current incumbent John Van Der Wielen.
Eight out of 10 wealthy investors across the Americas believes the economic recovery has met or exceeded expectations but remain hesitant to invest, with Millennials the most conflicted.
Outflows from Europe and emerging markets dented UBS Wealth Management’s fourth quarter results, while annual inflows ebbed dramatically standing at less than a third of their 2014 levels.
UBS Wealth Management is targeting its senior ultra-high-net-worth (UHNW) advisers with the launch of the investment bank’s UHNW Academy in Asia Pacific, as part of the training programme’s global roll-out.
A strong overweight on equities in Europe and a surprising move on emerging markets are among UBS’s allocation calls for 2016, according to Patrick Grossholz, Asia-Pacific head of investment management.
MUFG Investor Services, the global asset servicing arm of Tokyo-based Mitsubishi UFJ Financial Group, has acquired UBS Asset Management’s Alternative Fund Services (AFS) for an undisclosed sum.
