Senior Appointments

Patel is Rothschild’s third Morgan Stanley hire

Fri, Mar, 5 2010

Rothschild Private Bank has hired Nandu Patel from Morgan Stanley as a managing director – its third hire from the Wall Street bank in two weeks.

Merrill loses 'half' UK discretionary team

Mon, Feb, 15 2010

A slice of the UK discretionary management market is up for grabs after Merrill Lynch, one of the leading players, lost up to a quarter of its UK team.

Heading a private bank: an impossible job?

Tue, Jan, 26 2010

Heading a wealth management business as part of a universal bank is an impossible job, according to the former head of BBVA’s private bank Daniel de Fernando. De Fernando, who now heads the private investment office MdF Achievers in Spain, is the latest banker to leave the mainstream industry claiming the interests of clients and bankers are deeply misaligned

VP Bank to double Asia-Pacific team

Tue, Jan, 26 2010

Liechtenstein’s VP Bank expanded into Asia by setting up a subsidiary in Singapore in June 2008, a few months before the global financial crisis really hit hard. Looking back, the timing was both good and bad. In an interview in the fourth quarter of 2009, Reto Isenring, managing director and CEO for VP Bank in Singapore, said that business immediately slowed down after the crisis broke

Lloyds stands by Middle East push as Dubai falters

Tue, Dec, 15 2009

The international private banking arm of Lloyds Banking Group (Lloyds IPB) is to continue its push in the Middle East despite the fall-out from the recent debt crisis in the region.

Morgan Stanley steps up UHNW hiring

Fri, Nov, 20 2009

Morgan Stanley Smith Barney is stepping up its international hiring campaign as it looks to expand the number of advisers in its ultra high net worth business around the world. Following the June launch of its joint venture with Citi’s Smith Barney brokerage, Private Banker International learned the bank would focus its wealth management growth on the business’s major international hubs of London, Switzerland,Dubai, Hong Kong and Singapore