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…
Swiss asset manager Bellevue Group is mulling the sale of Bank am Bellevue, its banking arm. Bank am Bellevue focuses on entrepreneurial private clients, offering them wealth and investment advisory services. Bellevue confirmed that it has already carried out negotiations with interested parties regarding the sale. However, the firm stressed that no deal has been…
EFG International is expanding its business to Portugal and has appointed an independent wealth manager to lead the local team. Apart from the core business in Switzerland and Italy, EFG International also considers Europe as its key market. The bank has now decided to open an advisory branch in Portugal in September of 2019 following…
The chief executive of JP Morgan Asset Management, Chris Willcox, is retiring after 13 years at the firm, according to an internal memo seen by Citywire. Willcox has decided to take time off from the industry and has been replaced by George Gatch (pictured) as the firm’s CEO of asset management. Gatch was in charge…
KEY POINTS Goldman Sachs is merging four separate private-investment groups into one unit in an attempt to generate steadier income and make itself more attractive to investors, The Wall Street Journal reported Sunday. The new division, which combines units investing in private companies, real estate and “other hard-to-access deals,” is expected to command roughly $140…
PBI’s London Awards were announced on Thursday at a ceremony in London’s West End, which recognised the best private banks, wealth managers and vendors in the UK and Europe. The awards followed PBI’s London conference on the same day, which identified some of the major trends affecting private banking and wealth management in the UK and…
