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01st January 1970 to 05th July 2008

• July 4, 2008 - Indian Bank Choses OLYMPIC for Asian Wealth Management
  

  Axis Bank of India has chosen ERI’s OLYMPIC Banking System to support its Private Banking & Wealth Management business, starting with a booking centre in Singapore. The OLYMPIC Banking System will be used by Axis Bank's Singapore unit to support its proposed wealth management and private banking offering to NRI and other clients both out of Singapore and from its offices in Dubai. The bank says that the facility will soon be available in Hong Kong as well, subject to approval from the regulators.

• July 4, 2008 - Major Acquistion for Wealth Management IT Provider
  

  Swiss-based financial technology company Temenos has made a £27. 2 million ($53. 9 million)  cash offer for UK rival Financial Objects which has been accepted.

• July 4, 2008 - Hong Kong Bank Pushes into Wealth Management
  

  The Bank of East Asia, the large Hong Kong-based bank, said it has started operations of its Shenzhen private banking service centre from June. The bank's targeted customers are required to have at least $1 million in net assets. Currently, BEA and China Merchants Bank are the only banks that have already launched private banking services in Shenzhen.

• July 4, 2008 - New Emerging Markets Hedge Fund Targets HNWs
  

  The London-based emerging markets hedge fund specialist, Fincere said it has launched a new portfolio targeting continued strong growth in emerging markets. The Fincere Emerging Markets Portfolio Fund will launch with seed capital of $20 million and is expected to initially close its doors when it has reached $250 million.

• July 4, 2008 - UK Fund Industry Body Calls for Tax Changes to Protect London
  

  One of the main lobby groups representing the UK-based investment management industry called on the UK government to scrap or reduce investment taxes to protect and advance London’s status as a venue for fund management. "It is an open secret in the funds world that if you want to launch a new product you don't base it in the UK, that is for tax reasons,”

• July 4, 2008 - Private Equity Fund-Raising Strong, Buyout Inflows Weaken in Second Quarter
  

  The turmoil in credit markets and slowing in private equity buyouts have chilled demand for buyout funds, new figures show, but other private equity funds focusing on areas such as distressed firms drew in strong inflows in the second quarter of this year, according to Private Equity Intelligence, the research firm. “Despite continuing problems in the credit markets and the slowing of deal-flow in the buyout sector, private equity fundraising has continued to occur at a staggering pace, with a total of $161. 9 billion raised in Q2 2008.

• July 4, 2008 - RBC Wealth Management Adds to Manager Team
  

  RBC Wealth Management, part of Royal Bank of Canada, confirmed the appointments of two senior managers, as reported last month by WealthBriefing, and announced two further appointments for its London office. In the two latest announcements, RBC said it has appointed Konstantinos Dedes as a private banker from Julius Baer.

• July 4, 2008 - Citi Adds Bahrain to Fund Services Offering
  

  The securities and fund services division of Citi's global transactions services business for EMEA is extending its fund servicing domiciles with the addition of  Bahrain-regulated funds to its offering.   This brings the number of funds markets serviced by Citi to 20. Citi's fund service capability through Bahrain will be its first in the Middle East and will be the launch pad for Citi's produ.

• July 4, 2008 - US Wealthy Still Pessimistic - Survey
  

  America’s affluent and millionaire investors became more pessimistic during June, thanks mainly to the country’s domestic economic and political climate, according to a new survey. Despite the declines, both investor categories remain slightly more optimistic than they were in March. The two indices that measure the sentiment of affluent and millionaire investors – the Spectrem Affluent Investor Index and the Spectrem Millionaire Investor Index – were both down 17 and 12 points respectively for June, as measured by US research firm Spectrem Group.

• July 4, 2008 - Credit Suisse Names Russia CEO
  

  Fawzi Kyriakos-Saad has been appointed chief executive of Credit Suisse Russia, according to local news source Kommersant. In his new capacity, Mr Kyriakos-Saad will be responsible for private capital, investment banking and asset management in Russia. He will be based in Moscow and will report to

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