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
Standard Chartered hoping to offload Swiss private bank
Standard Chartered is looking for a buyer for its Swiss private bank, according to a source familiar with the process.
Sberbank hires executive director
Sberbank Private Banking, the wealth management arm of Sberbank Group, has acquired Alla Aleynikova as their head of group and executive director.
Pictet: Bond rally to run out of steam
Pictet Asset Management’s chief strategist, Luca Paolini, has said: “Stay overweight equities, bond rally to run out of steam.”
CCM acquires debt buyer for £295 million
Cabot Credit Management (CCM), a manager of consumer debt, has acquired Marlin Financial Group, a specialised debt buyer, for £295 million.
Duncan Lawrie appoints relationship manager
Bristol-based Duncan Lawrie Private bank has appointed Mark Lucas as senior relationship manager to build a stronger presence in the region.
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SocGen reinvents European private banking
Société Générale (Socgen) is developing its private bank in France to combine features of both private and retail banking.
Julius Baer adds portfolio management head
Julius Baer’s portfolio management unit in London has hired Stewart Edginton as team head of discretionary specialists.
UBS Wealth Management net inflow up 14%
UBS’ wealth management arm saw CHF 54 billion (£36.7 billion) in 2013, a 14% increase from the same period last year.
Exclusive: Switzerland: The beginning of the end for banking secrecy?
Despite not having gone to war for over five hundred years, Switzerland faces a battle if it is to keep its banking tradition. The Swiss private banking system has been a mainstay for over two hundred years, despite its inherent, and increasingly apparent, flaws. With increased regulation and stronger demands for transparency, it begins to even look outdated. In reaction to this, three key players, Mirabaud, Pictet and Lombard Odier, have decided to make some revolutionary changes to adapt to the ever-changing times. However, is this just a fluke or the beginning of a new era in Swiss private banking? If so, is it also the death of secrecy in banking?
Barings hires Swiss head for new office
Baring Asset Management (Barings), the international investment company, has hired Veronique Fourmier as their head of Switzerland and global head of private banking.