New Abu Dhabi wealth centre selects Hector Sants as adviser 17/12/2014
Sir Hector Sants, who was chief executive of the Financial Services Authority (FSA) from July 2007 to June 2012, is to advise Abu Dhabi on its plans to become a leading offshore financial centre (see thewealthnet 15/12/2014).
Foreign private bank in unusual foray into China 17/12/2014
Bordier & Cie has partnered with Credit China Holdings, a leading internet financing service provider in China, in what the two call “a strategic collaboration” to provide high net worth clients with personal financial services through internet platforms.
Millenium CATCH programme expanded to cover independent asset managers 16/12/2014
A Swiss-based programme to match institutions which want to either attract new clients or relocate existing clients to another firm is being extended.
Abu Dhabi sets plan to become major private banking centre 15/12/2014
Abu Dhabi has set plans to establish itself as a significant private banking centre, designed to compete with nearby Dubai and modelled on other successful centres like Singapore.
Morgan Stanley launches multigenerational e-learning program 15/12/2014
Morgan Stanley Wealth Management has launched an interactive e-learning program designed to help its Financial Advisors better serve clients’ growing multigenerational needs. Known as the Institute of Family Wealth Management (IFWM), the program will provide advisors with the resources required to develop individual relationships into family relationships.
EXCLUSIVE: Credit Suisse duo launch UK based MFO and recruit Barclays key client and families head 15/12/2014
Private equity house launches UK property investment model 11/12/2014
Cogress, a private equity platform giving high net worth consumers access to international real estate investment opportunities, has launched in the UK. With units available from £20,000, the Israeli-backed firm hopes to build on its success in Israel, the US, Canada and Germany by providing lower equity investments in London’s increasingly exclusive property.
Global wealth platform rebrands 11/12/2014
Acordias, an Isle of Man-based global wealth platform, has rebranded as Ardan International with immediate effect, following its acquisition by independent wealth manager, Rowan Dartington, in April 2014 (see thewealthnet 14/4/2014).
Wealth management IT firm forms financial planning advisory board 09/12/2014
Distribution Technology (DT) has demonstrated its “ongoing commitment to the financial planning and wealth management sector” by creating a new Financial Planning Advisory Board. It aims to provide expert and best practice input to the firm’s methodologies and software.
Scandinavian bank starts family office venture 08/12/2014
Danske Bank Private Banking is launching a family office business focusing on individuals with large and complex financial needs.