All articles by Patrick Brusnahan
Patrick Brusnahan
Patrick is a senior reporter working on GlobalData's consumer finance titles. You can reach him at patrick.brusnahan@verdict.co.uk
Brooks Macdonald’s FuM rises 4.2%
Wealth management firm Brooks Macdonald saw their funds under management (FuM) reach £5,924 million in the first quarter of 2014, a 4.2% increase from the £5,680 million FuM in the previous quarter.
Citi Private Bank records 6% increase in revenue
Citi Private Bank saw $668 million in revenue in the first quarter of 2014, a 6% rise compared to the $629 million earned in 2013 Q1.
15% income rise in Q1 for Credit Suisse
The private banking and wealth management arms of Credit Suisse saw a rise in pre-tax income in the first quarter of 2014, a rise of 15% compared to the same period last year.
Wells Fargo Wealth Management up 6%
Wells Fargo Wealth Management saw client assets rise to $217 billion in the first quarter of 2014, 6% higher than the same period in the previous year.
Exclusive: Japan’s debt and the effect on millionaires
Japan has reached a debt of over one quadrillion yen (US$9.81 trillion), much larger than the debt of the UK, France and Germany combined. PBI’s sister company, WealthInsight, looks at new measures to reduce the debt and how this will affect Japan’s wealthy population.
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JP Morgan: 75% of European investors predict European growth
Three quarters of European investors believe Europe will grow by 1% or more in 2014, with 39% believing that Europe will be the best performing equity market, according to JP Morgan’s latest Private Client Survey.
Exclusive: HNWI Analysis – Media
PBI has drawn on WealthInsight’s research to analyse a specific industry which plays a major part in driving high net worth wealth creation. This month, PBI looked at the media industry in the United Kingdom, the United States, Australia, Spain and Canada.
Julius Baer transfers Irish business
Julius Baer has transferred Merrill Lynch’s International Wealth Management business based in Ireland with a goal of gaining a new foothold in the market.
Brooks Macdonald acquires DPZ
Brooks Macdonald Group has acquired Jersey-based wealth manager DPZ Holdings Limited.
Exclusive: A rejuvenating powerhouse
The economic power of Japan in undeniable. The country is the third largest economy in the world by nominal GDP and the fourth largest in terms of purchasing power. This high status also relates to the high net worth individuals (HNWIs) in the country, Patrick Brusnahan investigates.