All articles by BBR Staff
BBR Staff
HSBC Private Bank appoints SVP to Miami team
HSBC Private Bank has appointed Cecilia Smith as senior vice president and relationship manager. Smith will be based in Miami.
UBS Q2 net profit down
UBS has reported a net profit attributable to shareholders of CHF1.0bn, or $0.26 per diluted share, for the second quarter of 2011, compared to CHF2.0bn , or $0.52 per diluted share, for the same period in 2010.
HSBC to cease offering offshore services to US clients
Under the scanner of the US authorities for its tax-evading clients, HSBC has said that its will no longer offer wealth-management services to US resident private clients from locations outside the US.
AXA Wealth secures Co-operative Financial’s distribution contract
AXA Wealth has secured a seven year distribution contract to provide a new financial advice service to Co-operative Financial Services’ (CFS) five million retail banking customers.
HSBC appoints new private bank chief
HSBC has appointed Krishna Patel as the chief executive of global private banking and has moved the position to Switzerland from Hong Kong.
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StanChart in talks to sell private banking operations in Latin America
Standard Chartered Private Bank is considering selling its private banking operations Miami, Uruguay and Chile and is reportedly in early stages of discussions with potential buyers, reported Family Wealth Report.
Barclays Wealth hires Americas investment strategy head
Barclays Wealth, the wealth management division Barclays, has appointed Hans Olsen into newly created role of managing director and head of Americas investment strategy.
EFG International appoints head of strategy for Europe
EFG International’s European private banking business has appointed Gerhard Muller as its head of Strategy Europe.
Altarius Asset Management launches new plug-in fund platform in Malta
Altarius Asset Management, Malta?based asset management branch of Altarius Group, has launched its Fund Platform, Paragon S.I.C.A.V. which is exclusively open and dedicated to third party managers and family offices.
Northern Trust strengthens wealth teams in London and Guernsey
Northern Trust, a financial holding company, has strengthened its wealth management services business teams in London and Guernsey with the addition of senior advisory staff serving in Europe and the Middle East.