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South & Central America

RBC wealth head eyes Asia and LatAm deals

Wed, Jul, 7 2010

Royal Bank of Canada (RBC) international wealth management president and chief executive Mike Lagopoulos said the Canadian bank is closing in on acquisitions in Asia & Latin America.Free

UBS re-enters Brazil market with brokerage buy

Fri, Apr, 30 2010

Swiss bank UBS is to re-enter the Brazilian market following its acquisition of Brazilian brokerage firm Link Investimentos for BRL195m ($113m). Free

RBC expands advisory service in Barbados

Tue, Apr, 27 2010

Canadian bank RBC has opened an international investment advisory and full-service securities brokerage office in Barbados as part of the bank’s wealth management division.Free

Scotiabank’s global move gathers steam

Thu, Mar, 25 2010

Scotiabank hopes to trade off Canada’s reputation for financial solidity as it seeks to expand its wealth management presence in Latin America and Asia-Pacific. The bank has opened 14 branches in 12 countries since embarking on an international private banking push in 2006. Robin Arnfield reports.

SulAmérica: Need for advice grows in Brazil

Thu, Feb, 25 2010

SulAmérica Investimentos, a Sao Paolo-based insurance business, is aiming to double assets under management in Prestige, its HNW wealth management business, over the next three years.

Clients consolidate as crisis fades

Tue, Jan, 26 2010

Private banks are bracing for a second wave of asset flows as clients receive end-of-year portfolio statements and the dust starts to settle following the financial crisis. Clients typically review their investment performance and priorities in January, making the start of the year a busy time for wealth managers. In early 2010, the industry is expecting more upheaval as clients that moved money around during the financial crisis re-evaluate.Free

Onshore on the up in Brazil

Tue, Jan, 26 2010

With only 34 percent of HNWI wealth in Brazil managed by private banks, there is some $180bn of client assets up for grabs, according to PBI research. Government plans for a tax amnesty could double the amount of funds held in the country, providing a further boost to the industry. Rodrigo Amaral reports

Profits slip, but industry remains healthy

Thu, Oct, 22 2009

Private banking profitability declined from 36.4 percent to 30 percent in 2008, underlining the industry’s resilience in the face of one of the most testing periods in financial history.

Time for SFOs to freshen up

Thu, Jul, 23 2009

The value of running single family offices is being reconsidered by some wealthy families at a time when their wealth has been hit hard by declining investment markets. Some may have suffered from a lack of ability to refresh their staff and infrastructure. William Cain reports.

Morgan Stanley sets sights overseas in UHNW push

Fri, Jun, 19 2009

Morgan Stanley is to expand its international business following the completion of the deal to buy 51 percent of Citi’s Smith Barney brokerage business, focused mainly in the US.

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