All articles by Valentina Romeo
Valentina Romeo
UK HNWIs wealth to reach $4.3trn by 2017: WealthInsight
UK HNWIs’ wealth is expected to grow by 55% to reach $4.3trn by 2017, new research published by WealthInsight suggests. Despite a 4% drop in the number of UK HNWIs in the middle of the financial crisis, WealthInsight expects the total number to increase by 43%, to reach more than 1.05 million individuals in 2017 pre-announcing signs of recovery.
Expense provision drives up Credit Suisses Q2 operating expenses, revenue stable
Expense provisions of CHF 100 million relating to the withholding tax treaty between Switzerland and the UK increased total operating expenses at Credit Suisse’s Private Banking & Wealth Management division to CHF2.46bn in the second quarter, a 3% increase on the same quarter last year.
Barclays wealth and investment management division appoints regional head of North Asia
Barclays has appointed Vivian Chan as regional head of North Asia to its wealth and investment management unit. Chan will join the division on 5 August 2013 reporting to Didier von Daeniken, head of wealth management for Asia Pacific, Middle East and Africa.
£1 trillion in wealth set to be passed down by 2035: Coutts
Wealthy Britons are reluctant when it comes to protecting and dividing their wealth despite an estimated £1 trillion due to be passed down from one generation to the next over the next 20 years, a new report from Coutts warns.
HNWI Analysis: Tech continuing to take-off
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 technology in Israel, US, UK, China, India and Canada.
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Deutsche Bank wealth and asset management appoints new head for Spain and Portugal
Luis Ojeda is to head up Deutsche Bank’s asset and wealth management business in Spain and Portugal. Ojeda’s previous role at Deutsche was a head of private wealth management for southern Europe, a role he’s held since 2010.
HSBC Private Banking to keep its Monaco business
HSBC Private Banking will retain its Monaco business after reviewing interest to acquire its operations, the London-based bank said in a statement.
Rise of ‘mega-wealth managers’ pushes global AUM up 8.7%: Scorpio
The wealth management industry has increased its asset under management (AUM) 8.7% from 2011 with a surge in net new money (NNM), the new Scorpio Partnership’s Private Banking Benchmark 2013 suggests.
Credit Suisse appoints former FINMA exec to advise on tax policy
Urs Zulauf, former general counsel at Swiss financial market supervisory authority (FINMA), is joining Credit Suisse to advise the Swiss bank on its client tax compliance policy.
Credit Suisse, Societe Generale and ABN AMRO offer the best mobile Apps
Credit Suisse, Societe Generale and ABN AMRO have the best mobile app offerings for high net worth individuals, the new research from MyPrivateBanking suggests.