Search Results for UBS
Summary Of Latest Private Banking, Wealth Management Results
May 17, 2013
Here is a summary of results from private banks and other wealth management firms in North America, Asia, Europe and other locations. Note that not all the institutions are exactly comparable and may report their wealth management business in different ways. The figures may be revised at a later date as more figures come in.
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Will Writing Should Be Regulated Says UK Wealth Manager
May 17, 2013
The UK wealth management firm, Chase de Vere has raised the importance over the regulation of will writing, after the Ministry of Justice rejected the idea. Chase de Vere believes that will writing should be regulated as a necessary move “in the interests of consumer protection”, given that many people are having their will written by unqualified or uncertified individuals, subsequently leaving them open to a huge tax bill or assets not being distributed correctly. The firm said that it finds the rejection by the Ministry of Justice as “surprising” and “disappointing”, a.
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Investors Fear For Global Market Stability - Survey
May 17, 2013
Some 85 per cent of investors are still concerned for the stability of the global market despite robust gains since the start of the year, a survey carried out by Opinium Research for social news and knowledge network, Mindful Money, has found. The survey questioned 200 Mindful Money subscribers online, between March and April, and found the vast majority were worried about the stability and growth potential of financial markets. “Better stock market returns since the start of the year have done little to reassure our readers that their money is safe.
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Deutsche Bank Names New Chief Country Officer for France
May 17, 2013
Deutsche Bank, Germany's largest bank by assets, has appointed Bruno Hallak as chief country officer for France, succeeding Marc Pandraud. Pandraud has been appointed head of client franchise development and vice-chairman of corporate finance in Europe, the Middle East and Africa, effective from 1 June. Emmanuel Hasbanian and Julien Fabre have been promoted to co-heads of investment banking coverage and advisory for France.
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UK Investment House Wins Clearance To Distribute UCITS Umbrella Fund In HK
May 17, 2013
Momentum Global Investment Management, the UK-based business, has received approval from Hong Kong regulators to distribute its Luxembourg-domiciled UCITS umbrella fund to retail clients in the Asian jurisdiction. Some eight “Harmony” branded sub-funds of Momentum Global Funds have been authorised by the Securities and Futures Commission of Hong Kong: Harmony Asian Growth, Harmony Asian Balanced, Harmony US Dollar Growth, Harmony US Dollar Balanced, Harmony Sterling Growth, Harmony Sterling Balanced, Harmony AUD Growth and Harmony Euro Balanced. “Asia is a key distrib.
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HNW Divorce - A Second Bite Of The Cherry?
May 16, 2013
Harriet Errington, a solicitor in the family team at law firm Boodle Hatfield, examines the limitations on revisiting a divorce settlement and whether a change in financial circumstances can leave the door open to renegotiating a divorce settlement. The Court of Appeal has recently held that the ex-wife of Dale Vince, the chief executive of Ecotricity, was not permitted to claim financial remedy in an application issued 18 years after the couple divorced. In this case, Dale separated from his wife, Kathleen Wyatt, in 1984 at a time when neither of them had any assets or inco.
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The Effects Of The Yen’s Decline - Expert View
May 16, 2013
Simon Somerville, manager of the Jupiter Japan Income Fund and the Jupiter Japan Select (Sicav) Fund, shares his views on the effects of the yen’s decline. Such a fall should accelerate the turnaround in the Japanese economy, but a depreciating currency is no substitute for long-term structural reform, he warns. With the US dollar now buying more yen than it has done in over four and half years, investors have been rushing to buy shares in Japan’s major exporting companies on expectation that profits and revenue will climb sharply as overseas demand for their products improve, s.
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ML Capital Appoints Group Chairman
May 16, 2013
Investment house ML Capital has appointed Dr Dermot Smurfit as chairman of the ML Capital group of companies. "I look forward to working with the board and management team on the next phase of the company's development. We have all witnessed the substantial growth of the regulated fund space in Europe in recent years,” said Smurfit.
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AXA Investment Managers Gives “Reasonable Valuation” For High Yields
May 16, 2013
AXA Investment Managers, the asset management subsidiary of AXA, entered 2013 with “reasonable rather than a cheap valuation for high yields,” according to James Gledhill, global head of high yield at AXA Investment Managers and fund manager of the AXA Global High Income Fund. Gledhill said that on an absolute basis "yields are now low in historic terms". However on a relative basis versus government bonds, spreads remain quite wide and defaults are far below average.
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London & Capital Launches Private Investment Office
May 15, 2013
London & Capital, the wealth management house, officially launched its private investment office today, rolling out a service for ultra-high net worth clients who do not want the full costs of creating such structures from scratch. The service has been run for some time but today was the official roll-out. It will be headed by Iain Tait, partner at London & Capital.
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