Wealth Business
-
Aberdeen takes control of Horlick's Bramdean
Aberdeen Asset Management has started managing the listed alternatives fund founded by Nicola Horlick two years ago, drawing a line under one of the highest profile management battles the City of London has witnessed in the past year.
-
KKR's deal maker and truffle hunter
Earlier this year, private-equity investor Joseph Bae helped his firm, Kohlberg Kravis Roberts seal the $1.8bn (€1.2bn) acquisition of Korea's second-largest beer maker, Oriental Brewery. Earlier this month, he aided in a decidedly posher acquisition.
-
Stanhope Capital grows staff by 50%
Stanhope Capital, the private investment manager, has taken the opportunity to cherry-pick staff from rivals during the downturn, growing its headcount from 26 to 40 over the last year.
-
London & Stamford profits up but still 'cautious'
Aim-listed London & Stamford, which has been one of the most active investors in the depressed real estate market in the past year, has said it is now taking a "cautious" approach in the UK, as rivals continue to push billions of pounds into the sector.
-
Hildebrand urges stricter regulations for Swiss banks
Switzerland needs “higher-than-average” regulatory standards for its financial sector compared to other nations, since total banking assets are more than seven times gross domestic product, Swiss National Bank vice-chairman Philipp Hildebrand said, according to a Reuters report.
-
Swiss cantonal banks continue to attract net inflows from UBS
Swiss cantonal banks continued to enjoy net inflows from UBS in the third quarter, but likely at a pace less than half the SFr14bn (€9.3bn) figure recorded in the first half of 2009, Hanspeter Hess, the head of the banks' association, told Reuters.
-
BCG predicts Chinese wealth market size to top $7.6 trillion
The number of US-dollar Chinese millionaires is likely to swell from 417,000 last year to 788,000 by 2013, with their aggregate fortune topping the $7.6 trillion (€5.1 trillion) mark, Boston Consulting Group predicted on Thursday, according to a Reuters report.
-
Chinese bank expands domestic wealth operations
The Industrial and Commercial Bank of China’s private banking unit on Wednesday launched a branch in Chengdu, as part of its second phase of expansion in six strategic second-tier cities, according to a report in Trading Markets.
-
Société Générale launches wealth office in Bahrain
Société Générale, the French bank, has launched a new wealth management office in Bahrain as part of its continued expansion in the Middle East.
-
How The Rich Are Different: Recession Hits Investment Psyche
The rich are different than you or me, and it turns out that the ultrarich are different than the mere well-to-do, according to a survey that asked wealthy investors about the effects of the recession on their portfolios and prospects.
Private banking »
- Moody's Downgrades UBS Ratings
- Santander merges asset management and private banking
- UBS Outlines Path to Profit
Advisers »
- Family-run businesses outperform their public rivals
- FSA bans ex-UBS client adviser
- London limited to tactical hiring as outlook deteriorates
Asset managers »
- Santander merges asset management and private banking
- UBS Outlines Path to Profit
- McCann spells out UBS wealth plans on investor day debut
Client concerns »
Most Read
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
Diary: Utopia for Yacht Lovers
Looking to get more from your yacht? Why not share it with others?
