Banking & Private Wealth Management Blog

Private Banker International 2013 winners for the Annual Global Wealth Awards

Private Banker International (PBI), the leading journal for the global wealth management industry has announced the winners …

Taiwan Bank Inks MoU With Japan Lender

CTBC Financial Holding, the Taiwanese bank, has signed a memorandum of understanding with Japan's Miyazaki Bank as the former …

Singapore investors to take action against Morgan Stanley

A group of Singapore investors who lost money on $154.7m in credit-linked notes were allowed by a U.S. judge to pursue their …

Asset Growth Slows As Standard Chartered's Asia Private Bank Aims At Higher-End Clients

Standard Chartered’s Asian private-bank asset growth has flattened off this year as the lender focused on wealthier, higher-…

Director Of Collapsed Australian Firm Pleads Guilty To Seven Charges Of Fraud, Theft

Russell Andrew Johnson, the sole director of collapsed Australian investment management firm Sonray Capital Markets, has pleaded …

HSBC Private Bank Signs Up To Avaloq Solution On Global Scale

HSBC Private Bank and financial technology firm Avaloq have signed an agreement for the bank to use the Avaloq Banking Suite, …

Report Warns Against Use Of Technology "Quick Fixes" Among Wealth Managers

Wealth management firms should use a single platform for product distribution and client data management if they want to take …

UBS Chief Executive Says Bank To Double Invested Assets Of Asia Clients Over Next Five Years

UBS intends to double invested assets of clients in the Asia-Pacific region over the next five years even as it cuts 10,000 …

BNP Paribas' Wealth Co-Chief Says Asia Is Key Part Of Growth Plans, "Top Priority"

It may be the case that Societe Generale is planning to sell its Asian private banking operation – although the bank has not …

UBS Denies It Intends To Sell Australian Wealth Business

UBS has denied it wishes to sell off its wealth management arm in Australia, following a report in the country’s Business …

Misys Appoints New Sales Director For Asia-Pacific

Misys, the UK-headquartered financial software firm that caters to clients including wealth managers, has appointed Chris …

Another Swiss Bank Said To Close Asset Management Business In India

Swiss private bank J Safra Sarasin is closing its joint venture in India as the country's slow economic growth places pressure …

Labuan Reiterates Commitment To Tax Transparency; Calls Itself "Mid-shore" Location

Labuan, a jurisdiction in eastern Malaysia calling itself a “mid-shore” territory, has reiterated its commitment to uphold …

Private banks must embrace the digital age or wither, says banker

Private banks which fail to modernise relationships with digital-savvy customers face a bleak future, a top private banker …

Bankers Join In Hong Kong To Form New Private Wealth Management Association

A new wealth management industry association has been set up to promote the industry in Hong Kong and sustain the jurisdiction’s …

Richardson GMP buys Macquarie’s Canadian wealth management unit

Richardson GMP Ltd. is becoming by far the largest independent wealth manager in Canada with the purchase of Macquarie Group …

UBS Tried To Sell Canadian Wealth Management Business

UBS AG tried unsuccessfully to sell its Canadian wealth-management business earlier this year, according to people familiar …

JP Morgan Brings In Former UBS Exec To Head Private Banking Operations In Brazil

JP Morgan has recruited Edinardo Figueiredo from UBS to head its Brazilian private banking business, based in São Paulo.


Figueiredo …

Ex-BNP Paribas private banker fined by Dubai regulator

A former BNP Paribas private banker has been fined by the Dubai Financial Services Authority (DFSA) for executing two transactions …

Nedbank Private Wealth names Middle East head

He will also head the bank’s Asia operations.


Nedbank Group, the South African bank controlled by Old Mutual, said it appointed …

Swiss Politicians Renew Calls To Break Up Country's Two Biggest Banks

Political parties in Switzerland have renewed attempts to split the country’s two biggest banks into separate entities and …

JP Morgan May Pay $2 Billion Next Week To Settle Madoff Allegations In US - Report

JP Morgan Chase has “tentatively agreed” to pay $2 billion to settle allegations that it did not tell US authorities about “…

Report Says Credit Suisse To Exit, Cut 50 Countries In Wealth Management Overhaul

Credit Suisse’s efficiency measures designed to save SFr150 million ($164.5 billion) in costs in its wealth business in the …

Financial Services Software Specialist Wins Best-In-Class Recognition

DST Global Solutions, the data management software maker that caters to the financial services market, has received an award …

Quarter of Switzerland's 103 private banks may go bust within three years

The imminent threat of huge tax evasion fines from the United States has raised fears that yet more Swiss banks could suffer …

Nucleus Sets Out White Paper On How Advisors Can Fix Recruitment Headaches

Nucleus, the UK online-based platform business, has issued a white paper examining recruitment headaches for financial advisor …

Old Mutual Wealth Vows Expansion Drive In Asia, Names Key Hires

Old Mutual Wealth, with £75.2 billion ($120.5 billion) of client assets, is expanding its Asia operations with three senior …

Manulife AM Unveils New Way To Measure Risks To Bank Deposits

Manulife Asset Management has introduced a new way of measuring the effects of inflation, income taxes and credit risk on …

RBS finance director Nathan Bostock resigns after 10 weeks in position

Royal Bank of Scotland was facing fresh management upheaval on Tuesday night when the bailed-out bank's newly-appointed finance …

ANZ appoints new head of private banking for Australia

ANZ has appointed Mike Norfolk head of private banking Australia.


Norfolk joins ANZ from Coutts and Co., the wealth division …

Criminal Action Is Expected for JPMorgan in Madoff Case

JPMorgan Chase and federal authorities are nearing settlements over the bank’s ties to Bernard L. Madoff, striking tentative …

Citibank Becomes The First Foreign Bank To Distribute Private Retirement Scheme

Citibank (M) Berhad (Citibank) sealed a Memorandum of Understanding (MoU) with CIMB-Principal Asset Management Malaysia (CIMB-…

BofA pays $39m in Merrill Lynch discrimination case

Bank of America agreed on Friday to pay $39m to women who worked in its Merrill Lynch brokerage operation, another costly …

UBS Investment Bank Bans Multibank, Social Chat Rooms

UBS AG (UBSN), Switzerland’s biggest bank, is banning the use of multibank and social chat rooms at its investment-banking …

JPMorgan evicts Twitter squatter

JPMorgan Chase has evicted a Twitter squatter.


The New York Post reports that Twitter yanked the handle @Chase from Chase …

Credit Suisse names investment banker to lead Swiss ultra-rich clients.

Credit Suisse is promoting veteran Swiss investment banker Thomas Gottstein to head up its ultra-rich clients business in …

© Nick Kalikajaros 2017