All articles by Valentina Romeo
Valentina Romeo
US asset managers to face tighter scrutiny
Asset management could be the next group of financial institutions to face tighter government regulations, the US Treasury’s Office of Financial Research (OFR) said in a report on Monday.
Transforming challenges into opportunities
With profits up 20% in the first half the year, Swiss giant Vontobel talks to Valentina Romeo about how it has remained strong despite economic uncertainty and tightening of regulations.
Banca Generali appoints new head of its private banking
Banca Generali has appointed Domenico Del Borrello as the new head of its private banking division, effective from the beginning of October.
HNWI Analysis: Transport & Logistics towards new routes
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 transport and logistics in Canada, the US, Turkey, Brazil, South Africa and Mexico.
The US remains the epicentre of global wealth: Morningstar
The US wealth management industry will maintain its global dominance largely unchallenged in the medium term, the new Financial Services Observer published by Morningstar suggests. Morningstar used Capgemini’s World Wealth Briefing report for 2013 which estimates the number of high net worth investors in the US to be just over 31% of the world’s high net worth population of 12 million.
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UBS, Credit Suisse and Wells Fargo offer the best e-publications: MyPrivateBanking
UBS, Credit Suisse and Wells Fargo offer the best newsletters, electronic magazines and digital access platforms, new research from MyPrivateBanking suggests.
FCA fines Aberdeen Asset Management £7 million
The Financial Conduct Authority (FCA) has fined Aberdeen Asset Managers and Aberdeen Fund Management £7.2 million (US$10.8) for failing to properly identify and protect UK client money.
Stonehage hires ex RBS technology COO as its head of group services
Stonehage has appointed Simon Clark as the new managing director of Group Services.
An ACA chartered accountant, Clark will be responsible for Stonehage’s compliance, information technology, human resources, facilities and change management teams.
Getting fit for the future
With its established industry players, a highly structured banking system and transparent regulatory regime, the UK private banking and wealth management sector has always represented a unique hub for investors, both domestically and internationally. Valentina Romeo speaks to four banks about how they are future proofing themselves.
Setting out its stall
The Retail Distribution Review (RDR) proposed by the Financial Services Authority (FSA) has pushed through a radical change to the regulatory landscape for the provision of financial advice in the UK.
The move towards truly independent advice and the abolishing of commission and trailing fees involves a significant number of changes to processes and systems. It will require independent advisors to get qualifications and remove the system of commissions paid to advisors by companies.