Private banks

Wealth advisors seeking the highest-earning clients should look to 30 key geographic areas, some of them not household names.

Bigger, better, faster is a label all giant companies want, especially in the hyper-competitive space of managing money for wealthy clients.

The bank hired a nonprofit exec with a background in impact investing and expanded the roles of two other executives as part of its ESG wealth push.

Rich clients who have seen their portfolios dented are pursuing loans.

Covid froze one of private banking's best tools — invite-only events for the children of wealthy clients. Now, they're starting to return.

A billionaire from post-Soviet Georgia and the giant Swiss bank are duking it out in Singapore over the failure of a trust company owned the financial institution to catch shady transactions.

As the K-shaped recovery continues, wealthy clients are calling their private bankers to see if they should borrow against their art or buy a fourth home.

In this fireside chat, Ida Liu, the global head of Citi Private Bank, covers a range of topics, including how digital client engagement is evolving.

The megabank announced second-quarter revenue of $4.1B for the Asset and Wealth Management unit, with net income of $1.2B.

Julie Caperton, a longtime executive at the $1.9 trillion-asset bank, succeeds Julia Wellborn, who left the company in April.

“The name may change but our commitment to the business, our clients and our advisors serving these clients is steadfast,” said division head Barry Sommers.

The new global wealth division, which is being formed by combining the firm’s private bank with a unit that serves substantially less wealthy households, will be led by Citi veteran Jim O’Donnell.

It’s the second-biggest hire of the year for the wirehouse.

The move follows efforts to reduce expenses in the company’s global wealth management business.

Talks had focused on plans to attract $15 billion of assets under management, mostly from wealthy Latin Americans, according to people familiar with the matter.

A chance phone call and breakfast changed these advisors’ career trajectories.

“We saw a deterioration in terms of trust, reputation and credibility among all our stakeholders,“ Urs Rohner said

A new platform from the World Wide Fund for Nature aims to provide a foundation for ESG-conscious investors and a list of best-practice providers.

There are indications that the bank may be looking to expand its toehold in the U.S. wealth management market after abandoning it in 2016.

Credit Suisse is pushing deeper into the ranks of billionaires, putting it into closer competition with larger rival UBS.