All articles by Valentina Romeo
Valentina Romeo
FCA sets up new unit for wealth managers and private banks
The Financial Conduct Authority (FCA) is to launch a new division on 15 July dedicated to monitoring the wealth management and private banking sector.
Crestbridge launches a new family office service in Jersey and Luxembourg
Financial services firm Crestbridge, previously known as Dominion Corporate Group (DCG), has launched a new family office service with a dedicated family office team.
UBS wealth management winds down its Indian operations
Swiss bank UBS is shutting down its wealth management and foreign exchange business in India as part of its global strategy to conserve capital.
Swiss private banking profits shrink 24%, jobs slump 13%
Switzerland’s private banking sector is feeling the squeeze with profits at its 13 private banks dropping 24% year-on-year in 2012 to CHF225m, Swiss National Bank statistics data suggests.
HNWI Analysis: Manufacturing in state of transition
PBI has drawn on WealthInsights research to analyse a specific industry which plays a major part in driving high net worth wealth creation. This month PBI looked at manufacturing in Germany, the US, China, Turkey, Canada and Russia.
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Entrepreneurship now leading source of wealth: Barclays
Entrepreneurship is now the dominant source of wealth among the very wealthy, new research suggests.
Social networking with a practical purpose
Social networks are all the rage, but there is a degree of scepticism about their application to the private wealth industry, particularly around security. Lombard Odiers Olivier Collombin is a social network evangelist, and his experience with the banks E-MERGING platform is pushing him to organise the first ever 3D virtual financial forum.
Bank of Italy gives approval to Kairos Julius Baer SIM
The Swiss private bank Julius Baer and Milan-based Kairos Investment Management have officially announced their long term strategic partnership, licensed by the Bank of Italy and effective from June 2013.
Bank Sarasin reports CHF171 million in profits for 2012
Swiss private lender Bank Sarasin has reported CHF177m ($177m) profit for the year ending December 2012, a 36% jump from CHF125m year-on-year.
HSBC may continue its private banking sell-off strategy in Monaco
HSBC Group may sell its private banking business in Monaco as part of the groups continuing strategic five-filter review.