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Jersey-based trust company opens NY office 22/08/2014
JTC Group has opened a second representative office in the USA, adding New York City to its established presence in Miami, which it opened last year (see thewealthnet 12/03/2013).

Quilter Cheviot owner declines comment on divestment report 22/08/2014
Private equity group Bridgepoint declined to respond to a report that it is looking to float or sell the Quilter Cheviot private client business by the end of the year.

The integration versus standalone debate: More hot air from management consultants? 22/08/2014
The recent decision of Barclays and RBS to fold previously free-standing private banking and wealth management operations into their personal (Barclays) and corporate (RBS) banks has inevitably raised at a number of questions about corporate organisational structures.

ABN AMRO builds private client assets base 22/08/2014
ABN AMRO Private Banking saw assets under management rise by EUR 5.8 billion to EUR 176.4 billion in the second quarter.

Wealth managers urged to offer a holistic view in client reporting – research 22/08/2014
Wealth management firms seeking to become their clients' primary advisors need to offer a holistic view, according to research by Aite Group’s Wealth Management team.

Julius Baer sued over missing East German millions 22/08/2014
Switzerland’s Julius Baer received a German demand to pay back EUR135 million in assets that went missing during the reunification of East and West Germany.

Billionaires unite to call for the end of Ukraine conflict 22/08/2014
Billionaires from Russia, Ukraine, UK and USA have joined together in writing an open letter to the governments of their countries calling for a peaceful end to the conflict in Ukraine.

Number of UK property 'millionaires' hits half a million 22/08/2014
The number of homeowners in Britain who can claim to be ‘property millionaires’ now stands at 484,081, almost 50 percent higher than last year, according to UK property website Zoopla.

Aviva Investors takes new suite of funds on UK roadshow 22/08/2014
Aviva Investors is taking its Multi-Strategy range to the road in a series of presentations for intermediaries hosted by chief executive, Euan Munro.

Swiss banks 'in low gear' - study 21/08/2014
Swiss banks are stabilising but are 'in a low gear' according to a report by KPMG and the University of St Gallen.

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