Yearly Archives: 2016

City National hires Gibraltar Private wealth exec

The trend of local banks hiring top talent from one another continues: Miami-based City National Bank of Florida has hired a top private banker and lending officer from a rival financial institution. Christopher V. Damian, executive vice president, director of private banking and chief lending office at Coral Gables-based Gibraltar Private Bank & Trust has…

Ukraine Central Bank Gets Tough With Owners of Private Banks

Ukraine will closely track assets belonging to owners of banks to stop the offering of sweetheart loans to shareholders – a practice that helped bankrupt 40 percent of the banking sector, a deputy governor of the central bank said. So far the regulator has been praised for its clean-up of banks, required under a $17.5…

Swiss National Bank to keep rates on hold until mid-2017 at least: Reuters poll

Switzerland’s central bank is set to leave its benchmark interest rate unchanged in negative territory at least until the second half of 2017, according to a Reuters poll of economists. All 37 economists polled in the past few days predicted the Swiss National Bank (SNB) would keep its target range for three-month Swiss Libor CHLBOR=ECI…

Hanspeter Brunner, Asia Head of Swiss Bank BSI, Steps Down

SINGAPORE—The head of Asian operations for Swiss bank BSI SA, Hanspeter Brunner, has “decided to retire,” the bank said on Tuesday. The company didn’t give a more specific reason for the departure. And the 64 year-old Mr. Brunner, who is a BSI board member based in Singapore, didn’t respond to a request for comment. The…

Elkho Group is now sponsoring the French Federation of Tennis

Elkho Group becomes sponsor from this day of the Tennis Clubs in France: Our role: to help kids growing and learning by investing with clubs allowing them to reach their targets in terms of education, training programs and organisation of tournaments. We are happy to announce our new partnership. On the top of this article, we…

Job of the Month – March 2016

Dear all, The first trimester 2016 is almost finished, the recruitments are growing in Monaco and in Geneva. For March, please find below our current assignments: Consultant Recrutement à Monaco pour participer au développement d’Elkho Group. (Salaire selon le profil) Ingénieur Système à Monaco dans une banque de renom monégasque. (Salaire selon le profil) Développeur…

RBS ANNOUNCES NEW CEO OF PRIVATE BANKING – COUTTS AND ADAM

RBS today announces the appointment of Peter Flavel as Chief Executive of Private Banking, responsible for Coutts & Co and Adam & Company. Peter joins from J.P. Morgan where he has been Chief Executive of the Private Wealth Management business in Asia. Peter has a wealth of experience in Private Banking, having previously led Standard…

ADCB launches new private banking division

Dubai: Abu Dhabi Commercial Bank (ADCB) is launching a new private banking division in an effort to attract high-net worth customers in the region that it says currently rely on fly-in, fly-out private bankers from Europe. The majority state-owned bank said Sunday it has appointed 25-year banking veteran Mark Peters as head of its new…

Ex-Julius Baer Manager Starts Family Office With $2.2 Billion

Carret Private, a Hong Kong-based multi- family office set up by a former Asian products head at Bank Julius Baer & Co., is starting with $2.2 billion in assets that it plans to allocate across hedge funds and private-equity pools. The firm, which plans to increase assets to $5 billion by 2019, has partnered with…

Credit Agricole Private Bank taps old name for new gold

Credit Agricole Private Bank will be called Indosuez Wealth Management, reviving an old brand after 11 years, as part of efforts by the 140-year-old wealth manager’s efforts to rebrand itself. The name was dropped after the merger between parent Credit Agricole, Credit Lyonais and Indosuez in 2004. As it looks to tap the new wealth…