All articles by PBI Editorial
PBI Editorial
Stonehage hires new director for investment arm
Stonehage Investment Partners, the investment advisory arm of Stonehage, has appointed Guy Hudson as their new executive director and head of business development.
SGPB Hambros’ director leaves
Don Percival, the director of Societe Generale’s private banking arm, SGPB Hambros, has chosen to leave the bank.
Major measures needed before China launches private banking
Before private investors enter the Chinese banking sector, preparation and ‘major measures’ are required according to Yan Qingmin, assistant chairman of the China Banking Regulatory Commission (CBRC).
Wealth manager struck with just under £1 million fine
SEI Investments’ UK arm has been fined £900,000 by the Financial Conduct Authority (FCA) for failing to protect client money, writes Patrick Brusnahan.
Wealth managers to outsource as regulation heats up
A recent survey conducted by business outsourcing and research company Equiniti, found that a majority of wealth managers are hoping to outsource various parts of their businesses in the next 5 years, writes Holly Parmenter.
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Exclusive: BDO Private Bank poised to double income with noveau riche market
Philippines-monopoly lender, BDO Private Bank, is poised to double its income to P1.2 billion by December from P540 million last year driven by a growing base of ’emerging wealthy’ clients, writes Caroline Ng.
Wealthy families concerned over the next generation
Half of ultra high net worth families are worried about how younger generations are going to manage their wealth. This comes from a survey, carried out by UK advisory firm Smith & Williamson, of UHNW families with a combined wealth of over £1 billion.
Exclusive: Indian private banks rapidly expanding overseas
Indian private banks are increasingly expanding abroad to tap into the burgeoning Non-Resident Indian (NRI) wealth management sector over the next five years, writes Caroline Ng.
Follow-up: Deadline nears for sale of SocGen’s Asia arm
Next week sees the deadline for final bids to acquire Societe Generale’s private banking arm in Asia.
World’s UHNWI population reaches an all-time high
The world’s ultra high net worth population reached 199,235 individuals, according to the World Ultra Wealth Report, created by UBS and analysts from Wealth-X. The amount is the highest it has ever been.