Citigroup boosts private banking unit with U.S. Trust hires
Citi Private Bank on Thursday declared the hiring of Heather Kirby, Charles Walker and John Hilderbrandt from U.S. Trust for its New York office, according to a report in InvestmentNews.
View ArticleCredit Suisse makes key appointment for Asian funds unit
Credit Suisse has appointed Sudip Thakor, former chief of its global structuring group in fixed income, as head of global emerging-markets products in the Swiss bankâs asset management arm, according...
View ArticleAsia-Pacific drives global asset recovery in wealth sector
The number of global millionaire households grew 14% over 2009 as worldwide client assets surged 11.5% to $111.5 trillion (â¬92.2 trillion), as per Boston Consulting Group's 10th annual...
View ArticleSales chief quits multi-manager specialist to launch wealth venture
Philippa Gee has resigned as chief of sales at T.Bailey, the UK multi-manager specialist, to launch her own IFA venture called Philippa Gee Wealth Management, according to a report in Investment Week.
View ArticleFinancial adviser steers clear of stocks
Despite stocks recovering from their lows of the financial crisis, one financial adviser is keeping her clients out of stocks, and thinks "rationality has gone out the window".
View ArticleBarclays continues Asia-Pacific expansion with risk officer hire
Barclays Wealth made another hire from UBS to bolster its coverage of the Asia-Pacific region as western wealth managers prepare for the growing numbers of high-net-worth individuals in the region.
View ArticleEnel to test new form of solar power
ROMEâIn the industrialised eastern Sicilian town of Priolo Gargallo, Italian energy company Enel SpA is about to begin testing a new form of solar power that, it says, has the potential to displace...
View ArticleRothstein draws 50-year sentence
A former Florida lawyer, Scott Rothstein, was on Wednesday sentenced to 50 years in prison after pleading guilty earlier this year to running a Ponzi scheme out of his law office.
View ArticleUS law cracks down on tax evasion
American taxpayers face being refused investment and banking services outside of the US as a result of recent US legislation, which imposes a 30% tax on all non-US financial institutions that fail to...
View ArticleRothschild taps Exor and Jardine Matheson for Asia buyout venture
Rothschild has tied up with Exor and Jardine Matheson Holdings to launch a private equity partnership in China and India, according to a report in The Wall Street Journal.
View ArticlePaulson reaps robust returns on gold-linked share classes
Paulson & Coâs gold-denominated investments have more than doubled the underlying returns in the $34bn (â¬28.1bn) hedge fundâs client funds, according to a report in the Financial Times.
View ArticleCoutts rebuilds its team for wealthy clients
UK wealth manager Coutts has bolstered its team for clients with assets of £30m (â¬36) or more with hires from Robert Fleming and Credit Suisse following the departures of two senior relationship...
View ArticleEnel to file prospectus for green power offering
Rome - Enel SpA is expected to file an initial public offering prospectus for its renewable energy unit next Thursday in one of Europe's biggest stock market listings in years, according to a person...
View ArticleWorld Cup fever: wrap up
The waiting is nearly over and rather unsurprisingly football has turned into a bit of a theme among market participants, with an avalanche of references and analysis taking centre stage.
View ArticleFantasy football fashion
In Milan's high-fashion shopping district, the "quadrilatero d'oro," or golden rectangle, just about all the designers are playing the same game - buy my clothes, they seem to say, and you, too, can...
View ArticleWealth assets rebounded 10% in 2009
The assets of wealthy individuals rebounded strongly in 2009, but profitability at the private banks and other institutions that service them remained depressed because of underperformance and a...
View ArticleCo-founder to relinquish AXA Rosenberg role
Barr Rosenberg will step down as chairman of AXA Rosenberg Groupâs board, as well as give up control of its research group, it has emerged, according to a report in The Wall Street Journal.
View ArticleHowes Percival strengthens private client practice
Solicitor Justine Flack and associate partner William Chalk have quit BP Collins to join Howes Percivalâs private client unit, according to a report in The Lawyer.
View ArticleAbu Dhabi wealth start-up targets HNW women
Al Bashayer Investment Company, an Abu Dhabi-based wealth management start-up, began operations on Monday, promising to cater exclusively to high-heeled female individuals, according to a report in...
View ArticleCitigroup hires in wealth
Citigroup is out to get back on the front foot in UK wealth management with the hire of three senior executives based in London.
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