All articles by PBI Editorial
PBI Editorial
Dexia posts an 83 million Euro loss
Franco-Belgian banking group, Dexia, have reported a EUR 83 million loss in their third quarter, bringing their total losses to EUR 988 million over the first nine months of this year.
China to allow private banking
According to the Communist Party of China during their Third Plenum on Friday, private banks, the marketing of energy prices and the encouragement of private capital will soon be allowed in China as a part of ‘comprehensively deepening reforms.’
Pakistan hopes to increase remittances
The State Bank of Pakistan held a meeting over the weekend to review the progress of remittance increases for the country.
Aberdeen looks forward after acquisition
In the same day that Aberdeen Asset Management announced their acquisition of Scottish Widows Investment Partnership (Swip), as part of a strategic alliance with Lloyds Banking Group, they also released their annual results which show a 24% increase in net revenue.
Exclusive: Duncan Lawrie boss eyes up “underserviced” private banking prize
Duncan Lawrie boss Matthew Parden is on the hunt for new clients at the lower end of the private banking scale, as larger banks ditch them to focus on their richer clients.
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UBS wealth unit to link with investment bank
UBS’s wealth management unit in the Americas will attempt to attract more high-net-worth assets by building stronger ties with its investment bank, according to the chief executive of the arm, Robert McCann.
SVGIM wealth management firm to rebrand
SVG Investment Managers (SVGIM) will soon be known as GVO Investment Management by the end of December. The rebranding follows SVG’s acquisition by Hansa Aktiengesellschaft, a Swiss based investor with more than US$1.8 billion in assets, and the initials represent their new chairman, Georg von Opel.
Charles Stanley to takeover Evercore Pan Asset
Charles Stanley, a UK stockbroker and wealth management firm, is set to acquire asset allocation advisor, Evercore Pan Asset Capital Management for an undisclosed sum, writes Caroline Ng.
Exclusive: Two-horse race for top spot at StanChart Private Bank
Standard Chartered Private Bank, which has been without a chief executive for the past six months, looks to be on the point of deciding a badly-needed replacement.
GCC private banking growing faster than Europe and US
According to a recent study by Insight Discovery, the Gulf Cooperation Council private banking market is ‘complex, fragmented and opaque,’ but ‘developing more rapidly’ than in established markets such as Europe and North America.