141 articles found within the last year.
Displaying results 61 - 80
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Pressure grows for big changes at UBS after write-downs, buyback, tax probe
When Marcel Ospel was forced out as chairman ... Now, as UBS prepares to announce its second-quarter ... The pressure is growing to make some radical ... The bank's write-downs on bad credit investments are ... A settlement was announced Friday with US regulators ... The bank's private-banking business is fighting to keep...
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Vestra battles to regain poise after UBS victory
After taking more than $40bn (€26.6bn) in writedowns ... But UBS takes any threat to its core ... UBS won an injunction against Vestra on the ... The verdict, announced last Monday, could not have ... A visitor to its office on London’s Cornhill ... Analysts wonder whether the London-based wealth manager can...
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Wealth bootcamps to kick Gen Y into shape
Private banks are gearing up for a record ... In the US, Generation Y stands to inherit ... Private banks are salivating at the prospect of ... According to research commissioned by advisory firm Carte ... Zoe Couper, managing director of Carte Blanche, said: ... This week, UBS will launch an education service...
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Closed-end trusts offer discounts on shares
The discounts to assets at which closed-end UK ... In the past, trusts were listed vehicles for ... But the majority have been converted into long-only ... Trust discounts have widened to 30% or more. ... Banks are operating with the minimum of working ... Independent financial advisers to retail investors are nervous...
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Emerging markets see rapid increase in wealth generation
The proportion of wealth generated by emerging economies ... The rise marks a contrast to the 30 ... High net worth investors hold a disproportionate share ... The trend is certain to lead to the ... Investment products are multiplying, typified by Lyxor’s launch ... City of London Investment Management forecast emerging market...
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MaxCap Partners makes it a multi-family affair
Private bankers are a long-suffering breed. They are ... To make matters worse, their pre-eminence in the ... They have evolved out of single-family offices, used ... MaxCap Partners is the newest multi-family office in ... George said: “This is all about running your ... Other multi-family offices in the UK include Stanhope...
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Taiwanese wealth firm likely to miss fee income target
First Financial, Taiwan's No 8 financial holding firm, ... "Our business has slowed down in the first ... Earlier this month, the company had said it...
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NorthStar study reveals gaps in wealth management offerings
The vast majority of wealth managers are unable ... The report, titled NorthStar Wealth Manager Challenge Quiz, ... The study, according to a Bobsguide report, also...
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The stakes rise in UBS vs Vestra
Judgement on a court case brought by UBS ... The four former advisers are Duncan Carmichael-Jack, David ... The Swiss bank is seeking a "springboard" injunction ... UBS Wealth Management of the UK and UBS ... The Swiss bank has also alleged that Vestra ... A former UBS banker told Financial News, "In...
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The UAE voted most luxurious expat destination
The United Arab Emirates tops the list of ... Investment bank HSBC's Expat Explorer Survey questioned 2,155 ... The best expat locations overall in the survey ... The report judged destinations on 11 categories of ... The UAE was the most luxurious destination, with ... The UK was ranked the least luxurious with...
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Private banks boost risk controls
After Citigroup’s International Personal Bank faced anti-money laundering ... Industry sources agree private banks are having difficulty ... He said: “Many private banks are struggling in ... In a report last year, the Financial Services ... However, private banks say the regulator is too...
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Billionaire family targets 15% return from real estate debt fund
The Pears family, owners of real estate valued ... About €50m has been committed to the fund, ... Expectations of falling values in the real estate ... It will be targeting net returns of between ... The Pears family, active in property since 1952, ... Telereal has displayed interest in the Trillium property...
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Cheviot campaigns to win UBS clients
Cheviot Asset Management has raised the stakes in ... It follows the decision of 18 wealth advisers ... Another team of former Laing advisers, led by ... The Cheviot letter has been sent to former ... It said UBS was not amused by the ... More than 3,000 clients with assets worth £2.5bn...
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UK wealth manager eyes acquisitions for growth
Premier Wealth Management, the independent financial adviser, is ... The IFA, which specialises in investment, taxation and...
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KBL concentrates on Europe wealth business
When just about every European private bank of ... Etienne Verwilghen, chief executive of the Luxembourg-based private ... He added: “We haven’t opened any offices outside ... Through its platform whereby KBL owns a series ... KBL has private banking subsidiaries, either locally branded,...
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Rothschild targets £10bn in UK
A recruitment drive at the UK arm of ... The private bank last week announced it had ... The UK private bank manages £2bn in assets ... He said the Rothschild family wanted to grow ... As well as Rothschild Private Banking & Trust, ... Edmond de Rothschild was one of the fastest-growing...
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Ansbacher benefits from cutting equities
A decision to cut its clients’ exposure to ... Ansbacher’s sterling cautious portfolio has performed strongly in ... ARC’s reports are viewed as independent by wealth ... Mike Hollings, chief investment officer at Ansbacher, said: ... He added: “Currently the portfolio has between 45%...
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Horlick reviews strategy for Bramdiva
Nicola Horlick, chief executive of Bramdean Asset Management, ... Bramdiva opened for business in 2005, initially accessing ... It is contemplating going more upmarket, using contacts ... The listed $256m (€162m) Bramdean Alternatives trust could ... However, since launch a year ago, Bramdean Alternatives,...
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Tax havens get an altered image
Offshore locations are striving, with some success, to ... Over the past year there was an 11% ... The initiative follows a toughening of attitudes by ... In October 2006, all offshore locations were declared ... The effect of the task force blacklist was ... Jurisdictions were listed because they showed an unwillingness...
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Coutts gets serious about strategy
Royal Bank of Scotland has asked its adviser ... Kingsmill, a lawyer, is a former deputy chairman ... A Coutts spokeswoman said Kingsmill will work with ... The capture of first-generation business helps explain a ... But one analyst said: “A brand like Coutts ... According to some of Coutts’ clients, a strategy...
