Saturday, 7th November 2009

 

23 May 2008 - Press Briefing

Vontobel enters new wealth market with alliance

Vontobel, the Swiss private bank, has signed an agreement with the Chilean brokerage Vantrust Capital to develop a private bank in the South American country, according to a report in Business News Americas.

As part of the deal, Vantrust Capital’s wealthy clients will be able to access Vontobel’s products and services.

Vantrust Capital was launched in June 2006 and last year began offering portfolio management services, said the report.

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Brummel

Relocation, relocation, relocation

Banks have never been shy of firing staff at the merest whiff of a downturn. First the fat, then the muscle and finally the bone. In the past, cuts have been so deep that firms have found it hard to benefit when the markets rebounded, paying over the odds to restaff at speed. Such wild oscillations in staffing numbers are known as “doing a Merrill”.

Rich Monitor

Sotheby's 3Q loss widens

Sotheby's third-quarter loss widened as the art auction house posted a worst-than-expected decline in revenue and a tax expense.

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  4. Citigroup to rebrand embattled alternative investments arm
  5. Debt defaults hit record but expected to slow

Related Content

  1. Hiring spree yet to pay off for Vontobel
  2. Swiss bank chiefs optimistic on new money flows

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