New York has surpassed London to regain the position of the world’s leading financial centre, triggered by uncertainties related to Brexit. This was revealed by a report from Duff & Phelps, which polled more than 180 executives covering various areas such as asset/wealth management, private equity/hedge funds, and brokerage. Of the executives polled, 52% viewed…
Swiss wealth manager Julius Baer has endorsed the United Nations Principles for Responsible Banking, the first Swiss bank to commit to them. A declaration to support the UN Principles for Responsible Banking has been signed by the Julius Baer. Julius Baer said that it will formally ink the principles on the occasion of the UN…
Lombard Odier is pleased to announce the arrival of Mr. Stephen Kamp as Chief Operating Officer (COO) for private clients. A member of the Executive Committee, he will be based in Geneva and will take up his duties on 16 August 2019. He will report to Frédéric Rochat, co-Head of the Private Clients business. S.…
Following Private Banker International’s second Germany conference at the end of April, and a collapsed merger between two of the country’s largest banks, Oliver Williams takes a look at the future of private banking in Germany. Future of private banking in Germany: More Mergers After talks stalled between Deutsche Bank and Commerzbank last month, rumours have…
Citi Private Bank is appointing a veteran to run its business in Switzerland and Monaco. Her remit is somewhat smaller than that of her predecessor. Laurence Mandrile-Aguirre will take over the U.S. bank’s wealth management operations in Switzerland and Monaco over the next two months, according to a memo seen by finews.com. She takes over from James Holder,who is…
US-based investment bank Morgan Stanley is planning to cease its banking operations in Russia in the first quarter of next year according to Reuters. Citing the reason for the move, the bank’s Russian arm said in its annual report that it was becoming tough for businesses in Russia to gain international capital markets access owing…
Private Banker International’s Germany Awards were announced on Tuesday at a ceremony in Frankfurt. These awards are an extension of the well established Private Banker International Global Awards that took place in Singapore last year. These awards are designed to identify leading institutions that are setting new standards in private banking and wealth management in Germany. …
Former Barclays private bank CEO Francesco Grosoli is appointed head of storied Monaco boutique Compagnie Monégasque de Banque. Compagnie Monégasque de Banque, one of Monaco’s leading private banks, announced this week that Francesco Grosoli is to be its new chief executive. CMB, a wholly owned subsidiary of Italian investment bank Mediobanca SpA, said that the appointment…
