bloomberg quietly drops plan for wealth
Bloomberg, the New York-based, international supplier of financial news and data, has quietly stopped work on a project that would have seen it provide online investment advice to individuals.
Wealth Management
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financial advisers most trusted wealth managers
Most HNW individuals trust financial advisers over all other types of wealth manager, according to a report published today by private bank and wealth manager Coutts.
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bcg report offshore wealth grew
Offshore wealth defined as assets booked in a country where the investor has no legal residence or domicile rose by 6.1% in 2012, with Western Europe the predominant source and Switzerland “the most popular destination”.
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london capital reports success with
London & Capital, the London-based wealth management firm, said a new division launched last year to cater for high-net-worth immigrants to the UK is off to an “impressive start”.
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reyl opens london office
Reyl & Co is opening a London office which will focus predominantly on wealth management, the Swiss bank has announced.
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tony shah leaves christchurch
Tony Shah has left Christchurch Investment Management to join OakTree Wealth Management in Henley-on-Thames where he will head a new international division.
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deutsche bank launches dividend chasing fund
Deutsche Bank has launched a fund specifically seeking to identify stocks most likely to continue to pay dividends to investors.
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increasing polarisation between global
The distance between the worlds largest international wealth management firms and its smaller, boutique players widened in 2011, as the bigger institutions weathered the storms of 2011 more successfully, according to an annual assessment of the industry by Scorpio Partnership.
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deutsche bank intl names peake to risk mgmt role
Deutsche Bank International has promoted Jonathan Peake to head of operational risk management for private wealth management of its Channel Islands and Cayman Islands operations.
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hsbc sells thai wm arm to krungsri
HSBC has entered an agreement to dispose of its Thailand-based retail banking and wealth management arm, and expects the deal to be completed in the first half of 2012.
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barclays wealth plans china desk in singapore
Barclays Wealth will expand its Hong Kong-based banking team and set up a Greater China desk in Singapore.
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ubs wm hires three in mexico
UBS has bolstered its wealth management division in Mexico, with the appointments of Jaime Lopez Hidalgo Preciado, Gabriel Gomez Zaragoza and Enrique Ignacio Morales Abiega.