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…
Credit Suisse set a positive tone for this quarter’s European bank results on Wednesday, lifting its net profit as gains in equities and deeper ties between trading and private banking helped offset lower revenue. Switzerland’s second-biggest bank bucked market expectations of a profit dip and said it gained market share in equities trading during a…
Swiss private banking group Julius Baer has launched an office at Bedford House in Belfast. With this move, Julius Baer is said to become the first Swiss company with a footprint in the region. The new location will be staffed by two relationship managers and a senior wealth planner. The private bank forayed into Ireland…
DOHA: Deutsche Bank Wealth Management has appointed Mubashar Ayoob (pictured) as Head of its Wealth Management business in the Gulf region, effective immediately. Ayoob is a seasoned private banker with 23 years of industry experience gained at Merrill Lynch and UBS. He joined Deutsche Bank in Dubai in October 2011 and has since been highly…
The sustainability business of Credit Suisse is being restructured and the bank has now appointed an experienced manager to further develop the ESG concept of the bank. The impact advisory and finance unit at Switzerland’s second-largest bank has seen significant change in recent months. Marisa Drew, the head of the business, reorganized her staff and…
Bank of Singapore, the private banking unit of OCBC Bank, has officially opened its European wealth management unit to cater to the region’s growing UHNW consumer base. Dubbed BOS Wealth Management Europe (BOSWM), the new subsidiary is based in Luxembourg and has a branch in London. Bank of Singapore CEO Bahren Shaari said: “Europe has…
The Peninsula JP Morgan Private Bank yesterday announced that Steve Wainwright has been named Managing Director and senior Banker to the firm’s Middle East and North Africa (Mena) team in Geneva. Wainwright will join an award-winning team of advisors providing investments advice and generational wealth planning for ultra-high net worth clients and prospects across the…
There is a renewed interest from asset and wealth managers looking to find a new job in the US, as over a half saw salary increases over the past year. Research from Kathy Freeman’s 2019 Annual Talent Trends Report shows investment industry professionals are 20% more willing to consider new opportunities than last year. The results…
Lombard Odier has become the first global wealth and asset manager to receive the B Corp certification, as recognition of its corporate sustainability. The B Corp award is a globally recognised accreditation for ESG performance, and involves a stringent assessment of such things as people management and environment footprint. B Corp is the initiative of…
A reduction in the number of EU tech graduates moving into the UK is making it difficult to recruit and retain talent in the finance sector, and Brexit could be partially to blame. The Fuelling Fintech report from TheCityUK, which promotes Britain as a financial centre, and recruitment firm Odgers Berndtson, said fintech and other…
