JPMORGAN Chase & Co is hoping to grab a larger slice of Germany’s private-banking market as wealthy individuals increasingly turn to international companies for advice. Traditionally, rich Germans have often maintained loyal relationships with one local lender and one from Switzerland, according to Hakan Straengh, who runs JPMorgan’s private-banking business in Germany from Frankfurt. However,…
A Swiss technology firm is shopping musical assets to super-rich investors. The new investment class offers juicy returns – and unconventional risks. Wealthy investors are hunting private markets for return, as a new push from UBS illustrates. Private debt, hedge funds, art, real estate, cars, cryptocurrencies – the asset classes are enjoying a surge in popularity among…
With other parts of its business facing hefty cuts, Deutsche Bank wants to expand its European operations handling the assets of rich clients and take market share from rivals after staunching the outflow of assets. Hiring new client relationship managers and perhaps making acquisitions in a few years’ time can help fuel growth, said Claudio…
Julius Baer appointed Philipp Rickenbacher as its new chief executive officer, the Swiss private bank said on Monday. He will take up his position from Sept. 1. The 48-year-old, now head of intermediaries and global custody at the private bank, will replace Bernard Hodler who is retiring. (Reporting by John Revill) Source : uk.reuters.com
The new football arena in Zurich will carry the logo and name of Credit Suisse. The bank is already a long-time sponsor of the national team. Credit Suisse, Switzerland’s second-largest bank, has bought the name right to the future football stadium in Zurich, it said in a statement on Thursday. The new arena will be…
Goldman Sachs is nabbing a senior private banker from rival Lombard Odier to run its Swiss wealth management arm, finews.com has learned. The American powerhouse is hiring Dominique Wohnlich, Lombard Odier’s top private banker in Zurich, a person familiar with the matter told finews.com on Monday. Wohnlich will oversee Goldman’s bank in Zurich, recently upgraded under Swiss head Stefan Bollinger. The…
