Trade deal uncertainty is a boon for Grand Duchy as it vies to grab business from the City of London As one of the smallest countries in the EU, Luxembourg has a proud record. Two of the last five presidents of the European Commission, one of the top jobs in the bloc, have been former…
UBS Buying Credit Suisse? Give It a Chance A marriage of Switzerland’s big banking rivals would be a challenge for regulators and politicians. But there’s enough logic in the idea to justify trying. The idea that Switzerland’s biggest banks could merge into a $76 billion behemoth sounds like the dream of a soon-to-retire chairman seeking to leave…
Africa is a Land of Opportunity.’ United Bank for Africa Chairman Tony Elumelu on Why Now Is the Time to Invest in Africa Even as the pandemic inflicts a devastating toll on the global economy, United Bank for Africa (UBA) Group Chairman Tony Elumelu insists that now is the time to invest in countries in…
Bezos, Zuckerberg are taking tech wealth to a whole new level The message from Jeff Bezos: Big Tech’s not so powerful. The message from his personal fortune: Oh yes it is. As Bezos and three other technology magnates defend their businesses at a Congressional hearing on antitrust worries Wednesday, their fast-growing wealth provides a breathtaking measure…
Adaptability supported by security: the future of financial services Due to the huge impact on working practices brought about to combat the coronavirus, financial businesses have had to realign on an unprecedented scale to keep the lights on. But until now their focus has understandably been solely on the short-term tactical hurdles e.g. ‘how do…
Swiss private bank UBP boosts net new assets in first half Swiss private bank Union Bancaire Privee booked 3.7 billion Swiss francs (£3.11 billion) of net new assets in the first six months of the year, mainly from private clients, it said on Friday. “The inflows offset most of the decline in assets under management…
The pandemic has sparked dramatic changes in the wealth management industry. As markets plummet and liquidity dries up even the most sophisticated investor can be shaken. That’s when they will call upon a trusted adviser, whether to seek short-term tactical advice or simply to be reassured that their diversified portfolio is well-positioned for long-term growth.…
Julius Baer has been named the winner for the Outstanding Technology Implementation – Front End award at the Global Private Banking Innovation Awards 2020. This marks the 3rd accolade for the Swiss Private Bank’s digital advisory suite, known as DiAS, within six months. Hosted jointly by The Digital Banker and Global Private Banker, the Global Private Banking Innovation Awards-…
Coronavirus is spurring remote hiring. Here’s how to nail your job interview from afar. As the coronavirus pandemic continues to grip economies across the globe, few industries have been left untouched by the fallout, and that’s having huge implications not only for the workforce but also the recruitment process. Some companies have moved to freeze…
Goldman Sachs Group Inc. plans to start offering wealth management services in Japan, a person with knowledge of the matter has said. The U.S. bank will target high net worth individuals through its asset management unit, the person said, asking not to be identified because the plans are private. It has already started hiring private…
