Banking & Private Wealth Management Blog

Sexual Harassment Rife In Asset Management Industry - Global Survey

Almost a third of female asset management staff have been subjected to sexual harassment at work, while more than half (55 …

Manulife Asset Management partners with KASIKORNBANK to expand sales channels and target high-net-worth customers

Tie-up is expected to expand and strengthen Manulife Asset Management (Thailand)'s fund distribution network and build awareness …

Report Questions The Quality Of Social Media Activity Among Private Banks

The overall quality of social media activity among prevalent global wealth managers and private banks has “not improved noticeably” …

Deutsche Sells Off Russian Asset Management Arm

Frankfurt-headquartered Deutsche Bank is exiting the Russian fund management market, having sold its subsidiary, Deutsche …

US, France Sign FATCA Agreement

The US has signed an intergovernmental agreement with France to implement the Foreign Account Tax Compliance Act (FATCA). 


Wealth Managers And The Age Of Automation: How Can Asia Catch Up With The West?

With an estimated 15 per cent take-up rate of straight-through processing of fund orders, Asian markets are significantly …

DBS, ABN AMRO submitted final bids for SocGen Asia private bank-sources

Singapore's DBS Group Holdings, the Netherlands-headquartered ABN AMRO and Switzerland’s Credit Suisse have put in final round …

Ex-Credit Suisse CDO Chief Sentenced to 2 1/2 Years

Kareem Serageldin, the ex-global head of Credit Suisse Group AG (CSGN)’s structured credit trading business, was sentenced …

Former UBS Banker Charged For Helping Tax Evaders Agrees To Face Trial In US

Raoul Weil, a former UBS banker charged by U.S. authorities five years ago for allegedly helping rich Americans dodge taxes …

NBAD named Best Private Bank

The National Bank of Abu Dhabi (NBAD has for the second year running been voted the Best Private Bank in the UAE by judges …

Taiwan Regulator Greenlights Manulife Taiwan's Sale To CTBC Life Insurance

The Financial Supervisory Commission of Taiwan has approved CTBC Life Insurance's proposal to acquire Manulife's Taiwan operations …

Deutsche aims for mega-rich in UK private bank revamp

Deutsche Bank has refocused its UK wealth management business on the brutally competitive market catering to ultra-rich foreigners …

DBS, IBM Enter Deal To Enhance Private Banking Experience

DBS Bank, the Singapore-headquartered private bank, has entered a deal with IBM to deploy the latter's Watson cognitive computing …

Swiss Private Bank Hires Ex-Societe Generale Executive To Lead Japan Business

Swiss private banking firm Lombard Odier has appointed a former senior Societe Generale private bank executive as a new managing …

Misys Reports "Surge" In Bank Demand For Risk Management

UK-headquartered technology firm Misys, which provides services to firms including the wealth sector, reports on what it says …

CIMB Wealth Advisors Introduces Exclusive Membership Programme For HNWIs

CIMB Wealth Advisors, the agency distribution arm of Malaysian financial services firm CIMB-Principal Asset Management, has …

Credit Suisse private bank co-heads confident of growth

Credit Suisse plans to lean more heavily on its private banking franchise, targeting a bigger share of lucrative ultra-rich …

FATCA Woes Intensify As More US Expats Mull Renouncing Their Citizenship

A “remarkably high” two-thirds of Americans who live outside the US are considering renouncing their US citizenship due to …

Small Asia private banks at crossroads - exit or acquire

The planned sale of Societe Generale's Asian private bank, for which final bids are in, underscores how high costs are pushing …

Barclays Makes Sweeping Management Changes; New Private Clients Team Head Named

Barclays Wealth and Investment Management has put in place a large range of changes to its management line-up following a …

Australian Insurer Adds Three Advisor Platforms To Wealth Range

AIA Australia, the Australian life insurance firm, has expanded its range of Priority Protection products with the addition …

Korean Banks Hit By Fake Mobile Apps, Warns Security Firm

South Korean banks have been hit by criminals using fake banking apps to steal user details, and thousands of apps are potentially …

Former Coutts Banker Found Guilty Of Stealing Client Files

A senior manager who used to work in the Jersey office of major private bank, Coutts, has been found guilty of stealing client …

Dubai Financial Regulator Launches Legal Action Against Deutsche Bank

The Dubai financial regulator is suing Deutsche Bank over claims that the bank failed to hand over information relevant to …

Trader who brought down firm gets 30 months in jail

A bad apple ? An apple turnover ?


A former trader was sentenced to 2 1/2 years in prison on Tuesday for an unauthorized purchase …

Chinese Wealth Manager To HNWIs Posts Strong Gains In Q3 2013

Noah Holdings, the Shanghai-headquartered wealth management firm that focuses on the China high net worth population, posted …

Credit Suisse Sets Out Planned Changes In Legal Structure To Meet Regulatory Demands

Credit Suisse set out a programme to develop its legal structure to be in shape to deal with existing and future regulatory …

Westpac Creates Asia Advisory Board, Appoints Non-Executive Member

Westpac Institutional Bank, the Australian financial services giant, has announced the creation of an Asia advisory board, …

Credit Suisse Private Bank Restructures UHNW Operations

Credit Suisse’s private bank is restructuring its ultra high net worth client operations in Western Europe to serve clients …

Sy’s China Bank beefs up wealth management unit

Sy-led China Banking Corp. (China Bank) has partnered with Sopra Banking Software, a leading French wealth management developer, …

Vontobel, ANZ Press Ahead With "Long-Term Strategic Alliance"

Starting from an agreement a year ago, Switzerland’s Vontobel and Asia’s Australia and New Zealand Banking Group, or ANZ, …

Raft Of Appointments Made At Crédit Agricole Private Banking; New Asia CEO Named

Crédit Agricole Private Banking has announced a raft of top-level appointments, including a new chief executive for private …

Manulife to expand private asset management business

Manulife Financial Corp, Canada's largest life insurer, said on Monday it plans to expand its private asset management business, …

Australia’s Suncorp Bank CEO Departs After 10 Years

David Foster, chief executive of Suncorp Bank, is leaving on 9 December 2013 after 10 years with the company, according to …

Swiss Private Banks Need to Double Assets, KPMG Reports

Swiss banks need on average to double the assets they manage in order to remain in business as mergers increase among the …

McKinsey Says 20% of Biggest Banks May Shrink or Merge

One-fifth of the world’s biggest banks may be broken up or sold as part of a “radical course correction” to boost shareholder …

UBS Expands Its Global Family Office Capabilities In Australia With New Unit

UBS has set up a global family office business in Australia, the Swiss bank has announced, reflecting its conviction that …

ABN AMRO Tops Rankings For Best Private Banking Websites

The private banking and wealth websites of ABN AMRO, Barclays and Coutts come first, second and third, respectively, according …

ABN AMRO MeesPierson Names New CEO

Rotterdam-headquartered ABN AMRO MeesPierson, the private bank of ABN AMRO, has named Jos ter Avest as the company’s new chief …

Swiss Bank Lombard Odier Signs Up to US Tax Deal

Lombard Odier & Cie, the Swiss private banking institution founded over 200 years ago, is the latest to agree to join a US …

Maybank Launches Islamic Asset Management

Malaysia's Malayan Banking Bhd, the country's largest lender, has launched an Islamic asset management service after growing …

Mercer appoints Steven Seow Asia head of wealth management

Mercer, which is in the process of expanding its wealth management services globally, has appointed Steven Seow as head of …

Ex-C.Suisse chairman calls Dougan's 90 million Sfr payout a 'mistake'

Credit Suisse (CSGN.VX) made a "mistake" by paying Chief Executive Brady Dougan nearly 90 million Swiss francs (62.26 million …

Swiss wealth managers seek to reconnect with US clients

Analysis by Aite Group has pointed to a growing desire by Switzerland based wealth managers to reconnect with US clients, …

SunGard Rolls Out New Tool For Wealth Advisors

US-headquartered financial technology firm SunGard has launched WealthStation CompAct, a planning solution designed to give …

Another Chinese Internet Firm Enters Financial Services

Baidu, the Chinese Internet company, is preparing to launch a new wealth management platform in an effort to compete with …

Former Top-Level UBS Executive Arrested In Italy; US Wants To Extradite Him

Raoul Weil, once the third most senior executive at UBS, has been arrested in Italy based on an Interpol notice sought by …

New International Business School In China Set To Build Globally-Competitive Talent

The International Business School Suzhou, the Chinese university, has launched a new business school that aims to develop …

© Nick Kalikajaros 2017