Vimeo
LinkedIn
Instagram
Share |

private banking

September 5, 2016

Family offices in Asia are still relatively new. Most of the wealth is still in the first, or possibly the second generation. The establishment of what might be described as western family office models is still nascent.

Family offices in Asia are still relatively new. Most of the wealth is still in the first, or possibly the second generation. The establishment of what might be described as western family office models is still nascent.

The preferred formula still remains that of a very trusted family retainer, a chief financial officer who has run an operating business, or a lawyer, who structures and advises the wealth that the principals. The old (or very older) generation still retain a great deal of control and make the strategic and investment decisions.

December 15, 2015

Widespread access to digital information and social media could be driving ultra-high net worth millennials to engage more on philanthropy and impact investing, says the author of a new report that is focussed on the next generation’s attitudes to wealth. 

Widespread access to digital information and social media could be driving ultra-high net worth millennials to engage more on philanthropy and impact investing, says the author of a new report that is focussed on the next generation’s attitudes to wealth.

February 9, 2015

A data leak revealing details of some of HSBC’s wealthiest clients has made headlines around the world today, detailing how the private bank assisted clients with tax evasion and denied governments in their home countries billions of dollars of revenue.

A data leak revealing details of some of HSBC’s wealthiest clients has made headlines around the world over the weekend, detailing how the private bank assisted clients with tax evasion and denied governments in their home countries billions of dollars of revenue.

“Old-wealth families” are among the private banking clients HSBC helped evade tax, according to the International Consortium of Investigative Journalists (ICIJ), as well as celebrities, politicians and people associated with arms trafficking, blood diamonds and bribery.

September 2, 2011

Family-controlled Hermes, the maker of the iconic Birkin bag, silk-print scarf and discreetly branded necktie, is a more valuable asset than the bank Societe Generale.

Family-controlled Hermes, the maker of the iconic Birkin bag, silk-print scarf and discreetly branded necktie, is a more valuable asset than the bank Societe Generale.

So it was pointed out in early September when the famous luxury brand, in terms of its market capitalisation on the French stock exchange, was worth more than country’s second-biggest bank.

An analyst quoted in a Bloomberg story about the two firms’ valuations summed up the differences well.

July 13, 2011

Private banks around the world are struggling to attract the money of the wealthy despite the fact that many of them are getting wealthier. According to new research by global business consultant Scorpio Partnership, new money into private banks fell by nearly 19% in 2010, despite a rise in the number of wealthy individuals.

Private banks around the world are struggling to attract the money of the wealthy despite the fact that many of them are getting wealthier.

According to new research by global business consultant Scorpio Partnership, new money into private banks fell by nearly 19% in 2010, despite a rise in the number of wealthy individuals.

March 2, 2011

Swiss bank UBS has made a number of appointments to its private banking business in what looks to be an effort on its part to improve relations with the US. The private banking business has also for the first time appointed a chief investment officer.

Swiss bank UBS has made a number of appointments to its private banking business in what looks to be an effort on its part to improve relations with the US. The private banking business has also for the first time appointed a chief investment officer.

October 13, 2010

Private banks are making a concerted effort to win clients from family businesses as they seek to grow their onshore assets under management, writes David Bain.

Private banks are making a concerted effort to win clients from family businesses as they seek to grow their onshore assets under management, writes David Bain.
 
Swiss wealth managers who are under pressure to diversify away from non-compliant offshore money are rolling out a number of new initiatives.
 
"Private banks are wanting to court family members of businesses because they know their financial matters will be compliant," said a Zurich-based senior private banker.
 

September 15, 2010

More than a third of family businesses and their advisers (family offices) in Europe don’t believe private banks are essential to their wealth management needs, according to a study conducted by Campden Wealth.

More than a third of family businesses and their advisers (family offices) in Europe don't believe private banks are essential to their wealth management needs, according to a study conducted by Campden Wealth.

This compares with just 8% of European family businesses and advisers who thought private banks are crucial to the management of their wealth.
 

July 19, 2010

The restructuring of the private banking industry is underway and the rate of consolidation will increase, according to a new survey.

The restructuring of the private banking industry is underway and the rate of consolidation will increase, according to a new survey.

Based on data from 160 banks in 40 countries, the McKinsey European Private Banking Survey found that while assets under management increased by 10% in 2009, the industry's operating profit pool was 25% below 2008 levels and profit margins went down to 20 basis points.

Click here >>
Close