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Russian private bank strengthens Moscow footprint and announces further expansion 08:01 GMT
VTB24 Private Banking, the private banking arm of Russiaís VTB Bank, has opened a second office in Moscow.

Wealth management refocus continues to pay dividends at Morgan Stanley 20/10/2014
Wealth management appears to have a reduced profile at many banking groups in both the US and Europe. But this appears not to be the case at Morgan Stanley, which has just reported its third quarter earnings (see accompanying article).

Citi pulls consumer banking out of 11 countries but reports private bank revenue increase 15/10/2014
Citigroup is withdrawing from retail banking in 11 markets, including Japan and several Latin economies, as it continues to search for measures to reduce costs.

Ashmore Group moves to tap Saudi money 14/10/2014
Ashmore Group, a specialist emerging markets investment manager, has opened an office in Saudi Arabia to target private and institutional clients.

UBS's French asset and wealth management operations 'to be restructured' 07/10/2014

Former Barclays Wealth discretionary head joins Lloyds wealth division 02/10/2014
Lloyds Banking Group has appointed former Barclays Wealth discretionary head Markus Stadlmann as its chief investment officer in a reshuffle of its wealth and mass affluent division.

Another Israeli bank looks to pull out of Swiss private banking 29/09/2014
Israel Discount Bank is considering selling off its loss-making private banking business in Switzerland.

Close Brothers Asset Management CEO says full year results show strategy is working as he outlines plans for future growth 23/09/2014
Martin Andrew, chief executive of Close Brothers Asset Management, has always maintained the divisionís three year restructuring programme would result in it returning to profit and continuing to grow.

EXCLUSIVE: RBC pares back its global private banking network 22/09/2014
Royal Bank of Canada is moving to close its non-resident client business network in the US, a retrenchment expected to lead to the defection of many advisers to rival firms.

KBC unable to find buyer for diamond banking arm 22/09/2014
Belgium's KBC group said it had been unable to sell its subsidiary, Antwerp Diamond Bank (ADB) and will instead wind the banking unit down.

 
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