The threat to corporate America
Despite political football, the bank is still in the game
Wealth managers must innovate or else stand to lose high net-worth clients. New players with technology at their core are shaking up the private banking industry.
BNY Mellon is to expand aggressively in the Asia-Pacific region, targeting increased market share in the wealth business, offering a discretionary model to customers.
Akshaya Bhargava, Barclays' new CEO for wealth and investment management, has his work cut out.
Revenue boosts provides buffer; small banks worst hit.
The escalating conflict in Ukraine and sanctions placed on Russia by the EU and the US are pushing private Russian money into Asian wealth centres and encouraging the country’s corporates to seek new sources of funding in the region.
While other industries have embraced technology to win clients and become more efficient, wealth management and private banking are still finding their way. Euromoney gathered leading private bankers and nontraditional wealth advisers to discuss how the industry can embrace innovation
As offshore moves onshore, will there be a challenge to the position of Singapore and Hong Kong as the wealth centres of Asia?
Despite the stunning revival of emerging-market currencies, and the fragile five in particular, high and ultra-high net worth individuals remain reluctant to increase their exposure, suggesting many funds have missed out on the rally.
A new advisory platform targeting US households that have between $100,000 and $1 million of investable assets could disrupt the wealth management industry.
The number of family and multi-family offices is steadily increasing thanks to technology developments and a desire for objective advice, say wealth management industry executives.
The chairman of Swiss private bank J Safra Sarasin explains in an interview with Euromoney how nimble execution is key in the private-banking consolidation wave that has freed up relationship managers, in a deal that also reflects Morgan Stanley’s strategic shifts.
As offshore becomes a dirty word in wealth management globally, a report published on Tuesday from Aite Group shows who’s who in offshore wealth for the world’s wealthy.
Owners bored with remote investing; real estate, energy, health and finance preferred.
Bankers suffer a blow as revenue opportunities for serving Hong Kong’s record number of millionaires are few and far between, principally thanks to the concentration of wealth in illiquid, fixed assets such as real estate.
UBS rewrites rules on how to charge Swiss clients fees; cross-border banking woes to hit smaller banks.
‘Plenty of work for wealth advisers’ in Asia, says HSBC in a report this week, citing how the region ex-Japan’s wealth will eclipse the US by the end of 2015.
Higher regulatory costs and lower margins have played into the hands of the global private banks that have been able to weather the storm better than their smaller peers.
Meet the new stars of private banking: the global chief investment officers. Wealth managers know they have to provide more to clients than a safe place to deposit money and a close relationship with families and individuals. They are moving to an asset-management-based approach, and CIOs are key to the strategy. But can a house view really increase profits and win over clients?
Revenues on the rise; More lending and discretionary mandates.
Private banking clients in Brazil face challenging times, bankers concede. The economy is under pressure and the country could yet suffer stagflation. Furthermore, an unpredictable presidential race leaves markets in limbo. However, bankers are confident their well-educated client base will not over-react, and instead maintain their long-term strategies
Euromoney magazine's 12th annual Private banking and wealth management survey will be live online February 2015.
BTG Pactual to acquire Swiss private bank BSI; in line with bank’s international strategy.
As China’s wealthy become more investment-savvy, domestic banks will have to expand or look for new partners
Leading private bankers and nontraditional wealth advisers discuss how the industry can embrace technology.
UBS announces that Alex Friedman, global chief investment officer, will be leaving the firm.
Credit Suisse’s $2.6 billion fine and criminal conviction in the US tax-evasion case raises many questions.
As the ultra-high-net-worth individuals gain purchasing power, the role of the middle man is questioned.
Some SFr475 billion is to move between private banks within three years, as a result of regulatory and industry pressures – a move that should limit M&A in the private-banking industry, say analysts.
As Asia’s ultra-rich entrepreneurs prepare to pass on their businesses and wealth to the next generation, Euromoney asks leading industry experts to discuss the challenges and implications of wealth transfer in a region unprepared for it.
There is no tougher client than a multi-billionaire. Few private bankers get the relationship right.
The much-vaunted acquisition by Singapore’s DBS of the Asia private banking arm of Société Générale has come to fruition with a $220 million deal – and received a mixed reception.
Citi Private Bank is set to launch its new client/banker technology platform at the end of February, with the hope it will be the industry standard for digitalization.
Change is afoot in the private-banking industry as UBS launches a ‘middle-way’ approach to charging clients fees for advice, Euromoney can reveal.
As banks retreat from non-core markets, domestic players are left to dominate in their countries, yet global expertise is more desired than ever.
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