Credit Suisse Wealth Management Clients experiences robust first quarter 21/04/2015 Credit Suisse has reported net revenues of CHF 2,972 million and pre-tax profits of CHF 834 million for its Private Banking & Wealth Management division for the first quarter of 2015. This was an eight percent and 17.6 percent reduction respectively on the CHF 3,240 million of net revenues and CHF 1,012 million of pre-tax profits reported for the first quarter of 2014.
GAM AUM hit by Swiss Franc 21/04/2015 GAM has reported investment management assets under management (AUM) of CHF 73.7 billion in an interim management statement for the quarter ended 31 March 2015. This compares with CHF 76.1 billion at the end of December 2014.
Morgan Stanley Q1 wealth management profit up 21/04/2015 Morgan Stanley’s wealth management has reported a pre-tax profit for the first quarter of $855 million, a 24.6 percent year on year increase. The pre-tax margin was 22 percent.
RBC Wealth Management: Big but perhaps not so big after all 20/04/2015 RBC is routinely identified as one of the world’s leading wealth management firms. Most rankings will almost certainly include RBC within the ten biggest wealth management firms operating on the planet based on assets managed/and or supervised.
JM Finn reports 'successful' 2014 17/04/2015 UK wealth management firm JM Finn has reported a pre-tax profit for the full year 2014 of £10.3 million, a year on year increase of 19.8 percent. After tax profit totalled £7.9 million, up 26 percent year on year.
Geneva bank publishes annual results for first time 31/03/2015 Mirabaud Group reported that assets under administration for 2014 totalled CHF 32.7 billion, in releasing annual results for the first time since the Geneva bank converted into a public company.