Swiss private banking sector to grow client assets and revenues by 2.8 percent per year, says new report 31/10/2014 The Swiss private banking sector is forecast to grow client assets under management by 2.8 percent a year to 2018, according to a report produced by the Swiss Bankers Association (SBA) and the Boston Consulting Group (BCG) called Actively Shaping Transition - Future Prospects For Banking in Switzerland. As a consequence total client assets under management will amount to CHF 3,540 billion with annual revenues projected to come in at around CHF 30.3 billion.
Close Brothers identify South West's oldest family businesses 31/10/2014 500 year old RJ Balson & Son has been named the oldest family firm in the South West in a new report launched by Close Brothers Asset Management (CBAM) and Family Business United. The ‘Oldest Family Businesses in the South West’ report has also identified the 31 oldest family businesses in the region, with a collective trading period of 6,143 years, or an average of 198 years each.
Latin America's HNWIs are the wealthiest on average, with numbers set to rise - Julius Baer Wealth research 31/10/2014 With $13.5 million per head compared to Europeans’ $3.3 million, Latin American high net worth individuals (HNWI) are on average far wealthier than those in other regions, according to Julius Baer’s inaugural ‘Industry Report Latin America’. It is predicted that Latin America’s prominence in this field will grow, too, with the number of ultra high net worth individuals (UHNWI) expected to increase by 42 percent until 2023.
Fund distribution platforms trade body launches survey to award industry's best 28/10/2014 The Fund Platform Group (FPG), a Luxembourg-based association of fund distribution platforms that between them support EUR 1,500 billion in investor assets, has launched a survey of its members and their customers as part of its drive to extend the use of standards and encourage best practice in the industry.