“Berchtold knows his way around Switzerland’s second largest bank... he has steered Credit Suisse’s wealth unit to be within striking distance of UBS” -- WEALTH BULLETIN'S LEADERS
Friday, 21st November 2008
UBS’ private wealth management unit has added nearly $11bn (€7.5bn) in assets by recruiting more than two dozen wealth advisers from Lehman Brothers’ private investment management brokerage arm this month, according to an InvestmentNews report.
The bankrupt Wall Street firm’s advisers switching to the Swiss bank are concentrated in New York, Los Angeles and San Francisco.
Sebastian + Barquet, a three-year old design gallery based in New York and Chelsea, is opening a new gallery showing museum quality pieces in Mayfair next month, the first in London to focus on international modernism from the 1940s to the 1960s. Its opening exhibition is dedicated to American modernist design and is curated by celebrated architect Eric Parry.
A newly launched private jet company, Jet Republic, which specialises in fractional ownership and member's cards, said it is benefitting from the economic turndown as businesses and governments sell their private jets and switch to temporary ownership.
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