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BofA and Coutts expand luxury finance plans

BofA and Coutts expand luxury finance plans

Fri, May, 14 2010

Bank of America (BofA) and RBS Coutts have recently launched businesses dedicated to financing assets for ultra high net worth individuals (UHNW), indicating a shift back into the exotic finance market.

ETFs return to favour

ETFs return to favour

Fri, May, 14 2010

After facing down doubts over their future, exchange-traded funds - transparent, full of tax efficiencies and available for trading all day - are poised to make a huge leap forward in the US.

Japan is Citi's 'lab for the world'

Japan is Citi's 'lab for the world'

Fri, May, 14 2010

Citigroup has unveiled plans to roll-out a string of 'smart banking' branches in Japan citing the country as a "key market".

Sleeping giants start to awake

Sleeping giants start to awake

Fri, May, 14 2010

Bank of America-Merrill has retained its top position as the world’s largest private bank with assets under management above the $2trn mark, according to the 2010 global index by BPA’s sister publication, Private Banker International.

Client focus remains crucial

Client focus remains crucial

Fri, May, 14 2010

Last month, the Hong Kong Forum organised by BPA’s sister publication PBI showed optimism among Asia-Pacific’s wealth managers has risen from the depths of last year. Titien Ahmad highlights discussions including the motivations of Chinese high net worth individuals and the importance of customer-centric businesses.

Uncertainty remains on regulation

Uncertainty remains on regulation

Thu, Apr, 15 2010

It is universally agreed costs are likely to rise in private banking following expected changes in the regulatory environment, further squeezing margins.

UBS looks to add 400 A-P advisers

UBS looks to add 400 A-P advisers

Thu, Apr, 15 2010

UBS is aiming to hire 400 advisers to the existing 1,000 in Asia-Pacific amid signs the private banks franchise is beginning to turn around in one region, at least.

NAB private bank in growth mode

NAB private bank in growth mode

Thu, Apr, 15 2010

Local private banks in Australia have been taking market share from their international rivals and growing through acquisition in the last two years In the private banking industry, a common theme is that it is always hard to recruit appropriate relationship managers

Clients agree to disagree on transparency

Clients agree to disagree on transparency

Wed, Mar, 24 2010

There is a huge disparity between private clients and wealth managers views on transparency in the industry, according to research. When asked whether the wealth management industry was transparent, 100% of clients answered "no", while 100% of wealth managers said "yes".

'Disappointment' at tech investment results

'Disappointment' at tech investment results

Wed, Mar, 24 2010

Around 60% of wealth managers have undertaken major systems upgrades in the past 12 months but most have been disappointed by the results, according to research. Top priorities at wealth managers include regulatory and compliance commitments and coping with business expansion. Client reporting, valuations and straight through processing and an electronic payments transactions process will also be important in 2010.Free

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