Managers of $350 Billion Survive Nordea’s Cuts as Wealth Thrives As regular bankers at Nordea Bank Abp brace for yet another round of cuts, those lucky enough to be working in wealth management face a very different future. The head of Nordea’s wealth unit, Snorre Storset, says a plan to cut jobs across the organization won’t affect…
UBS Adds $16 Billion From Rich Clients as Assets Hit Record UBS Group AG’s rich clients added $15.7 billion in new money last quarter, giving a boost to star hire Iqbal Khan as he seeks to reinvigorate the key wealth management unit. The inflows lifted assets overseen for the affluent to a record $2.5 trillion,…
Bank J. Safra Sarasin signs on as Davis Cup finals sponsor Bank J. Safra Sarasin has been unveiled as an official partner and the official private bank of the finals stage of this year’s Davis Cup men’s national team tennis tournament. The Swiss-based bank’s agreement with the International Tennis Federation and Kosmos Tennis also names…
