Following Private Banker International’s second Germany conference at the end of April, and a collapsed merger between two of the country’s largest banks, Oliver Williams takes a look at the future of private banking in Germany. Future of private banking in Germany: More Mergers After talks stalled between Deutsche Bank and Commerzbank last month, rumours have…
Citi Private Bank is appointing a veteran to run its business in Switzerland and Monaco. Her remit is somewhat smaller than that of her predecessor. Laurence Mandrile-Aguirre will take over the U.S. bank’s wealth management operations in Switzerland and Monaco over the next two months, according to a memo seen by finews.com. She takes over from James Holder,who is…
US-based investment bank Morgan Stanley is planning to cease its banking operations in Russia in the first quarter of next year according to Reuters. Citing the reason for the move, the bank’s Russian arm said in its annual report that it was becoming tough for businesses in Russia to gain international capital markets access owing…
Private Banker International’s Germany Awards were announced on Tuesday at a ceremony in Frankfurt. These awards are an extension of the well established Private Banker International Global Awards that took place in Singapore last year. These awards are designed to identify leading institutions that are setting new standards in private banking and wealth management in Germany. …
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…
