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
Private Banker International London Awards extended
The deadline for submissions for our inaugural Private Banking Awards has been extended to the 9th of April.
A rejuvenating powerhouse
The economic power of Japan is 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
Kleinwort Benson sees loss despite AuM rise
Kleinwort Benson Wealth Management, a division of RHJ International, have seen a loss of £11.7 million in 2013 despite a 14% growth in assets under management (AuM) to £5.9 billion compared to the same period last year.
Scorpio: Millionaires actively engaged with digital world
92% of the world’s wealthy population are using digital solutions extensively to inform their wealth management transactions according to a study, which survey 3,025 individuals with an average wealth level of $2.9 million, released by Scorpio Partnership and NPG Wealth Management.
Citi appoints Oliver Kersh
Citi Private Bank has appointed Oliver Kersh as a banker in their London division working under managing director, Adam Proctor.
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Exclusive: Mobile entrepreneurs
Since the turn of the century, globalisation has become one of the key aspects in any form of business. The business landscape worldwide has been changing continuously. Globalisation has improved and kept communication at a high standard and increasing the mobility of individuals. This had gradually led to standardisation in companies’ products and services, as well as consumer preferences. The rise of competition between companies is dominating the landscape and often helps the consumer though quality improvement, accountability and customer support. However, it can also work to their detriment through product quality, distribution and pricing.
Julius Baer acquires majority stake in GPS
Julius Baer has acquired a majority stake, rising from 30% to 80%, in Brazilian wealth manager, GPS Investimentos Financeiros e Participações (GPS).
Darwin key to avoiding economic crisis
The global economic crisis could have been ‘largely avoided’ if Charles Darwin’s theory of evolution was applied to banking, according to one of the UK’s most respected economists.
Hong Kong millionaires at record high
The number of millionaires in Hong Kong has reached a record high of 732,000 in 2013, a 22% rise compared to the previous year, according to a Citi’s Hong Kong Consumer Wealth Review.
Arbuthnot Latham profit triples in 2013
Arbuthnot Latham, the private banking arm of Arbuthnot Banking Group, saw their profits before tax in 2013 increase over threefold, from £2.1 million in 2012 to £7.7 million.