Regions names new leader of private wealth management

Regions Bank’s high-net-worth wealth management unit has a new boss. Kate Randall Danella, an executive recruited in 2015 to motivate the bank’s wealth management business groups to work together, succeeds Anne Copeland who left Regions to pursue executive coaching opportunities, the bank announced on Tuesday. As head of Private Wealth Management, Danella will lead a team…

Credit Suisse Targets Rich Thais to Meet Wealth Goal (Correct)

Credit Suisse Group AG is targeting Thai millionaires as part of the firm’s goal to bolster the new money it attracts from wealthy clients in the Asia-Pacific region. The Swiss bank is adding a client-relationship team of six in Bangkok, a total expected to increase to 12 by the end of the year, said Francesco…

Deutsche Bank Names New Head of Wealth Management in the Americas

Patrick Campion is returning to Deutsche Bank. Campion has been named Head of Wealth Management in the Americas, reporting to Fabrizio Campelli, global head of Deutsche Bank Wealth Management. Campion previously worked at Deutsche Bank for two years starting in 2005, according to the Wall Street Journal. He left nine years ago for HSBC, where he served…

QFB developing new open architecture platform for private banking clients

Qatar First Bank (QFB) is developing a pioneering open architecture private banking platform supported by an exceptional international network of partners. The platform offers shareholders and clients the opportunity to select from a wide range of investment opportunities and innovative financial solutions to grow, manage and protect their wealth and assets. “QFB is transforming from…

Credit Suisse gets welcome boost from private bank despite first-quarter loss

Credit Suisse posted its worst start to a year since the financial crisis amid a major restructuring but cost cuts, a healthy performance in private banking and robust capital levels offered investors much-needed comfort. Switzerland’s second biggest bank has struggled in recent months as tough financial markets complicated Chief Executive Tidjane Thiam’s strategy to focus…

Credit Suisse eyes bigger share of private banking in Asia

HONG KONG, May 12 Credit Suisse, which saw a pickup in inflows of net new money into its Asia Pacific private banking unit last quarter, plans to hire more staff to build on that momentum in a market buffeted by slowing economies and cut-throat competition. Under new Chief Executive Tidjane Thiam, the bank has made…

Union Bancaire Privée awarded Best Private Bank in MENA region

Dubai, UAE – Union Bancaire Privée (UBP) has been recognised as the Best Private Bank in the MENA region at the Banker Middle East Industry Awards 2016. The ceremony was held on May 12th at the Jumeirah Emirates Towers in Dubai with over 400 bankers and bank CEOs attending the event. The Banker Middle East…

Commercial Bank launches new wedding package for Qataris

Commercial Bank, Qatar’s first private bank, has announced the launch of ‘Bshara,’ a complete package that helps Qataris “to turn their dream wedding into a reality.” The new product is the first of its kind to be tailored for Qatari customers’ exclusive needs when planning for their wedding to make it even more memorable. Commercial…

How private banks should manage difficult markets

The reality of today’s more complex and heavily-regulated financial industry means that private banks need critical mass – both to service clients effectively and also be profitable, says John Williamson of EFG International. Private banks around the world continue to grapple with the regulatory and reputational implications of the wave of transparency and other initiatives…

Deutsche Bank Profit Sinks but Beats Expectations

Figures are German lender’s first full quarter under a new structure announced in October Deutsche Bank AG on Thursday said first-quarter net income beat analysts’ expectations despite being pressured by difficult market conditions and the impact of the bank’s decision to exit certain areas. Net income declined 58% to €236 million ($267 million) compared with…