A new customer profile is growing: the global citizen. This provides the bank adviser with a golden chance, namely to become a client adviser rahter than simply a representative of a financial institution, writes Michael Welti.
HSBC bagged a Credit Suisse ultra-rich private banker. The move is a push to offer more investment banking services to those with more than $50 million to bank.
Vontobel raised its wealth management profit targets after tacking on client funds and growth with the acquisition of private bank Notenstein La Roche. CEO Zeno Staub however urged caution for the rest of the year.
Credit Suisse reshuffles its Private Banking management in Australia with a new Head of Private Banking. The manager based in Sydney joined the Swiss bank almost ten years ago.
Bank Vontobel boosted net new money significantly inflows in the first half of the year, as well as raising profit by almost a third. The integration of Notenstein La Roche is going to plan.
UBS' second-quarter results safely behind, the Swiss bank's co-chief for wealth management can look forward to high drama of a different kind at pool's edge.
An incident at Credit Suisse is pushing the issue of macho culture, which investment banks are seeking to stamp out, back into the spotlight. finews.com looks at where the no-tolerance policy stands.
An ex-Julius Baer heavyweight private banker was nabbed in the U.S. on suspicion of laundering corrupt funds. The move raises questions over how deeply the bank is involved in the scandal.
UBS will review its policy regarding sexual harassment after an alleged rape claim by a trainee at its London-based investment bank.
Fintechs are seeking to undermine SWIFT's lock on the payments industry with cheaper, faster technology. The upstarts are pairing up with banks and other heavyweights.
The combined wealth of Singapore's 50 wealthiest tycoons rose by more than ten percent in the last year, reaching nearly $105 billion.
American officials have swooped in the scandal surrounding Venezuelan oil company PDVSA. One of the people arrested is a former Julius Baer banker.
Swiss private bank EFG International is marking time. Its growth prospects are limited, and rumor has it that the majority shareholder is unhappy with his investment.
Prudential's asset management business Eastspring Investments has acquired a stake in a leading asset management company in Thailand. What is the intention of this deal?
U.S. financial data provider Bloomberg has expanded its data offering at the expense of its rivals, with a Swiss provider playing a supporting role.
The latest World Cup was difficult for Andrea Orcel, being Italian. Still the head of the UBS investment bank was bowled over by the Croatians – and used them as a similarly inspiring message to his staff.
Chain IQ, a spin-off of UBS, has launched a platform to enable the digital coordination of procurement requirements. The firm is now planning to open an office in Shanghai.
Another long-standing UBS manager has fallen victim to a reshuffle following the Swiss bank's merger of its U.S.-based brokerage arm with its wider wealth management activities in the rest of the world.
After three consecutive years of losses, Germany’s largest bank returned to profit in the second quarter of the year. Still Deutsche Bank remains dogged by difficult problems.
The Zurich-based private bank swung to a profit in the first six months of the year – and also made progress in attracting new client funds.
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