151 articles found within the last year.
Displaying results 41 - 60
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Private banks positive on global recovery
A consensus has developed among chief investment officers ... Equities were favoured, with private banks either positive, ... Although private banks agreed that the appetite for ... Here Financial News looks at the investment views ... Wealth managers were in agreement that global economic...
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UBS May Not Gain New Money Until 2011-Citigroup
UBS AG's investment-management arm may not be able ... "Assets under management attrition relating to the unforced ... "Combined with the envisaged offshore outflows, a return ... For five straight quarters, clients have withdrawn money ... Some of it also followed the bank's legal...
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JO Hambro Investment Management benefits from parental guidance
During a recession, it helps to have a ... Although Johim has not been immune to the ... Grootenhuis, the former marketing manager, is keen to ... He said: “No doubt it has been beneficial ... About 10% of Johim’s income comes from Credit ... But the relationship is two-way. Credit Suisse, like...
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Swiss bankers embrace the advance of transparency
Swiss private bankers have accepted that banking secrecy ... Speaking at the European Private Banking conference in ... Walter Berchtold, head of Credit Suisse’s private banking ... Pierre de Weck, head of Deutsche Bank Private ... Switzerland hosts about a third of the estimated...
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RBC's wealth unit hires for LatAm expansion
RBC Wealth Management, part of the Royal Bank ... Santiago Cedron and Patricio Demaria join from UBS ... Year to date, RBC Wealth Management has hired...
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STREET MOVES: Merrill Lynch Hires Financial Advisers
Merrill Lynch Global Wealth Management, a unit of ... On Aug. 14, John Licciardello, Charles Wharton ... Before joining Merrill, Licciardello worked at UBS for ... UBS advisers Vincent Condon and Carl Cascella joined ... According to Finra records, Condon was an 18-year ... Other new hires from UBS include Jonathan Hungerford,...
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Welcome to the world’s most expensive hotels
Amid the recession, rock stars, diplomats and other ... While many of us are tightening our belts, ... In an annual survey by Financial News’ sister ... The hotel’s management puts the rise down to ... Last year’s winner, the iconic Ty Warner Penthouse ... New entries this year were the third-placed Presidential...
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Income tax ‘tipping point’ sparks exodus from UK
A stream of hedge fund managers and other ... Lawyers estimate hedge funds managing close to $15bn ... “In the past, managers would say they’d move ... Hedge fund Amplitude Capital took its $735m in ... From next April, individuals in the UK who ... Private equity manager Guy Hands, founder of Terra...
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Christie's drops bid for fund amid art market downturn
Christie’s International has ditched its plans to set ... At least seven staff working on financial projects ... Christie’s spokesman Toby Usnik declined to comment to ... The decision to drop the plans comes after ... Peter Stern, a lawyer at McLaughlin & Stern ... Christie’s had been examining a plan to create...
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Wine investors enjoy vintage year
An index that tracks the cost of fine ... The Liv-ex Claret Chip index, which tracks the ... Under UK tax rules, fine wine is classed ... Sotheby's Fine and Rare Wines auction last month ... At a sale in July, a case of ... The Wine Investment Fund, which asks for a ... Rodney Birrell, director at the fund, said: "Our...
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More US wealthy opt to surrender their citizenship
Private client lawyers and relocation specialists are reporting ... Although such a move means they have ... Jay Krause, a partner at private-client specialist law ... The level of interest is set to increase ... Because of this, many ultra-wealthy individuals who have ... This implies the quantity of money outside the...
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Wegelin embraces transparency as its assets increase
The expected settlement between the US and UBS ... Wegelin & Co, which claims to be the ... The US Government, eager to track tax evaders, ... Konrad Hummler, managing partner of Wegelin, said: “Regardless ... Hummler believes his bank is well positioned to ... Hummler pointed to impressive first quarter inflows as...
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Deutsche hires for UK private bank
Deutsche Bank's wealth division is launching its new ... They include Melanie Cassoff, formerly an executive director ... Joseph Knight, a vice-president working in Credit Suisse's ... Natasa Williams, a former executive director and senior ... Beatrice Rates, previously associate director and junior client...
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UBS private banker quits for Deutsche
A member of UBS' key clients group within ... Natasa Williams has quit her role as a ... A source said she was a "top producer ... Deutsche Bank's wealth management arm is looking to...
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Collins Stewart Wealth Management sees inflows rise
The wealth management division of UK broker Collins ... Collins Stewart Wealth Management said total operating profit ... Neil Darke, head of wealth and fund management ... He said: "The division is also now receiving...
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BNY Mellon’s private clients boost use of internet reporting system
BNY Mellon Wealth Management is rolling out an ... According to Tim Tully, head of specialty business ... The systems bear resemblance to those offered to ... Individuals are also becoming keener to use technology ... This is the result of risk aversion in ... Individuals are also using Private Workbench to brief...
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Wealth manager launch new property venture for UK market
The former head of real estate from a ... Iain Keys, who was director of £800m (€941m) ... The company’s website says “there are signs of ... It will eventually provide open-ended and closed-ended funds, ... Clavis Walden is the latest in a string ... Other investors making the most of the decline...
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Smaller rivals chase the big Swiss banks
Credit Suisse continues to be the star-performing wealth ... Second-quarter results released last month by Credit Suisse ... Net new money flows – one of the ... That compares favourably with its big rival UBS, ... Rather than UBS, Credit Suisse might be more ... Tobias Brütsch, a bank analyst at private bank...
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The superyacht crowd get that sinking feeling
Superyachts are joining private jets and entering a ... Laurent Perignon, director of marketing at yacht builder ... A record number of owners put their superyachts ... Buyers will be scarcer than last year. Global ... How far prices have dropped is illustrated by ... Put on the market for €115m in March...
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Private jet owners have their wings clipped
There are few things that better symbolise the ... But the credit crisis ripped the heart out ... Thomas Flohr, chairman of chartering company VistaJets, said: ... Air Charter Service, a private jet chartering company, ... Jonathan Breeze, chief executive of the London-based private...
