All articles by PBI Editorial
PBI Editorial
Standard Chartered private bank hacked
Almost 650 private banking clients from Standard Chartered have had their bank statements stolen by a hacker in Singapore.
HSBC Private Banking appoints new CEO for Monaco branch
HSBC Private Banking (Monaco) has appointed Katie Danby as the CEO, replacing Gerard Cohen after 22 years at the helm, write Holly Parmenter.
Pictet forecasts that equities will continue to outperform
Luca Paolini, chief strategist at Pictet Asset Management, has forecast that equities are set to outperform, as highlighted by Private Banker International last month, writes Holly Parmenter.
Redundancy fees limit Brewin Dolphin profit
UK wealth management group, Brewin Dolphin, posted their yearly results this morning and showed a £52.3 million profit before tax, an increase of 22% compared to the previous year. However, after accounting for one-off costs, including redundancy fees, this drops to £28.6 million, over £1 million less than the year before.
Ringkjobing Landbobank to open new branch in 2014
Ringkjobing Landbobank will have a new private banking branch in Aarhus in the first quarter of 2014.
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Credit Suisse invest in women through senior sponsorship program
Banking giant Credit Suisse believes pushing past the gender divide within banking involves sponsoring their female employees, writes Holly Parmenter.
Investment in technology to reach £20 billion
New research from global analyst firm Ovum suggests that money spent on IT services in the global wealth management industry will accelerate between now and 2017, eventually reaching £20 billion.
Wing Hang Bank could cost $40 billion to go private
Privatisation of Hong Kong’s Wing Hang Bank could cost HK$40 billion. Media reports said more than three parties are interested in taking over the second largest family controlled bank in the city.
Quilter Cheviot appoints new investment director
Neil MacPherson has joined Quilter Cheviot, an investment management company based in Edinburgh, as an investment director.
HNWI Analysis: Hotels, Restaurants and Leisure
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 hotels, restaurants and leisure in the United Kingdom, the United States, Switzerland, Australia and Singapore.