- May 17, 2010 - Survey Highlights What Makes Tax Amnesties Succeed
Countries which repeatedly use tax amnesties but which do not give wide publicity to these efforts stand far less chance of regaining revenues than states which use them rarely, according to the results of a survey by Datamonitor.
It said banks in Jersey, Guernsey and the Isle of Man were at most risk if amnesties are successful in future. It also warned that Switzerland was at risk due to its reliance on Germans’ offshore cash.
- May 19, 2009 - HNW Investors Seek Refuge In Tangible Assets Amid Uncertainty - Datamonitor
High net worth individuals are reacting to the uncertainty in global financial markets by investing in art and other tangible assets, a trend which is causing valuations to climb in the insurance sector, according to Susan Ellis, a wealth investment and protection analyst with business information provider Datamonitor.
A number of factors combined to make 2008 a disastrous year for the world’s wealthy: stock markets experienced unprecedented falls, as did hedge funds and other supposedly uncorrelated investments, and several elaborate frauds were uncovered, which wiped mil. .
- February 19, 2009 - Greater Efficiency Will Drive Banks' Technology Spending This Year - Study
Despite the credit crisis hitting IT budgets at banks across
Europe, "carefully targeted" investment in technology will continue in 2009, according to a new report by Datamonitor.
"The European Retail Banking Technology" report uses research conducted between October 2008 and January 2009.
It examines the biggest business challenges, IT budget outlooks and technology investment priorities of 108 financial institutions.
- August 22, 2008 - Family Office Group Makes New Appointments for London
The US-based Family Office Exchange, which is a provider of research, education and networking services individuals and family office executives and advisors, has appointed two new senior staff to its
London office. FOX has appointed Paul Pratt and Kripa Sethuraman as international managing partners.
Mr Pratt previously worked as head of sales for Breakingviews.
- May 29, 2008 - Wealth Managers Continue Their March Into UK Regions
Wealth management firms are continuing with their planned
UK regional expansion despite the unfavourable economic and investment environment.
Credit Suisse last week opened an office in
Birmingham, Kleinwort Benson announced the opening of a Leeds office recently and SG Hambros is also in the process of setting up a private banking office in the
Leeds area.
Nick Gill from Coutts told WealthBriefing that whilst there is a perception that private banking is something that happens within the M25 orbital motorway around London, Coutts’s experience is that is not .
- May 22, 2008 - HSBC Executive Says Taiwan's Wealth Market Will Cool - Report
Taiwan's wealth management market, Asia's third largest, should grow by less than 5 per cent this year, half last year's rate, because of a "volatile global environment", the Taiwan wealth management head at HSBC said, according to Reuters.
The soft forecast in the increasingly competitive market compares with an average 11 per cent annual rise in the last five years, said Steve Chuang, a senior vice president of HSBC in Taiwan.
"The overall investment climate does not look positive," Mr Chuang said.
- May 2, 2008 - Volatile Commodity Markets to Fuel IT Spending - Report
Increased volatility in commodities markets globally will prompt financial firms to spend on risk management technology, according to Datamonitor, the research company.
Rapid growth in commodities trading volumes and prices will continue, as fundamental demand in China and India for oil and raw materials is providing a counterbalance against the downturn in the US, the report said.
New entrants are flooding into the commodities market, in many cases without physical exposure to the underlying commodities.
- April 16, 2008 - Expat Indians Offer Wealth Management Bonanza - Report
Expatriate Indians have an estimated $500 billion of investable assets, a lucrative market for wealth management businesses diversifying from established markets, according to Datamonitor, the research business.
The largest concentrations of non-resident Indians live in the US, UK, Canada and Australia. Other significant centres are Hong Kong, Singapore, Qatar and Bahrain, Datamonitor said in a new report.
- April 4, 2008 - Online Services Can Differentiate But Won't Replace Personal Touch
Although online services for clients have not traditionally figured high on the agenda of most private banks, it is fast becoming a differentiator for some firms.
High net worth clients are increasingly turning to the Internet to manage their financial affairs, and having a sophisticated online offering to reach and serve their clients is moving up the agenda for private banks and wealth managers.
Firms need to consider online interaction with their clients on a variety of levels.
- March 27, 2008 - Branding: An Elusive Goal for Wealth Managers
The development of an effective brand is widely recognised as a strategic imperative by wealth management organisations.
According to Datamonitor’s latest survey of Wealth Management Market Leaders, almost three quarters of the respondents cite brand, image and reputation as the key factors determining a client’s choice of wealth manager—second only to service quality. And a similar percentage claim they plan to launch important branding/marketing initiatives over the next 12 months.
