Private Banking
Allianz enters into distribution partnership in Italy
Expanding its investment proposition for financial advisory clients
Lombard Odier sells off Gibraltar private banking operation
It follows the Swiss firm’s global re-positioning that saw it move into Abu Dhabi and Indonesia
Radical shakeup of Swiss private banks needed
Swiss private banks are failing to address rapidly declining profitability and are too focused on defensive measures to implement a radical transformation that will allow them to generate competitive advantage and sustainable growth, says KPMG.
Credit Suisse in Saudi Arabia private banking push
Credit Suisse has identified Saudi Arabia as a priority for its wealth management business and is on the hunt to recruit more private bankers.
NAB sells Asian wealth units to Singapore’s OCBC
The National Australia Bank has announced the sale of its private wealth business in Singapore and Hong Kong to Singapore’s OCBC.