Hints and tips:
...The Swiss bank account loses its mystique The ultra wealthy’s proclivity for Swiss bank accounts goes back as early as the 18th century, when Catholic French kings used banks in Geneva to avoid France’s...
...Suisse and Banque Pictet & CIE between 2012 to 2019....
...Natasha Landell-Mills, head of stewardship at UK asset manager Sarasin and Partners and author of the investor expectations, said the world had reached a “crossroads in our battle against climate change”...
...A routine bank reconciliation revealed that €3.9bn of cash which Parmalat was supposed to have at Bank of America did not actually exist....
...One worry for Mr Adami at Pictet is the “hard Brexit” scenario in which foreign banks are forced to set up fully capitalised subsidiaries in the UK....
...The baroness, who applied to be governor of the Bank of England when Mark Carney got the job, and also threw her hat in the ring to head the British Business Bank, has been using her seat in the Upper House...
...Rolex, Swatch and Richemont all boosted their shares of the global market, according to calculations by Vontobel bank in Zurich....
...Deutsche Bank is going to break up and fully integrate Cologne-based lender Sal Oppenheim, two people familiar with the matter told the Financial Times....
A good deal more to Collardi’s switch to Pictet than meets the eye
...Mr Rose joins from Edmond de Rothschild, the private bank and investment group....
...He joins the six existing partners, the most senior of whom is Nicolas Pictet, a descendant of the bank’s 19th century founding family....
...The chief executive of Swiss bank Julius Baer has quit unexpectedly to become a partner at Geneva-rival Pictet....
...• Sarasin & Partners, the investment manager, has hired Hadley Simons as chief operating officer of client affairs....
...But among Swiss financial institutions, the two banks are very different....
...The number of wealthy Chinese is on the rise: according to a recent report by consultants Bain & Co and China Merchants Bank, China’s rich (those with at least $1.5m in investable assets) have grown more...
...• Greg Simmons has rejoined UBS as an investment adviser in the Swiss bank’s wealth management division. In the past, he was head of client solutions at Coutts, the private bank....
...He is joining from J Safra Sarasin, the Basel-headquartered bank. Julius Baer has also hired Jens Wissel from German rival Hauck & Aufhäuser....
...join hands with other Asia banks....
...• Sarasin, the £14.4bn London-based asset manager, has hired Philippe Broadhead as head of distribution. Mr Broadhead joins from Architas, part of the Axa insurance group....
...“Some customers are no longer willing to pay SFr30,000 [$30,000] for something that 10 years ago cost only SFr10,000,” argues René Weber, analyst at Swiss private bank Vontobel....
...Under its proposed partnerships, Bordier & Cie will train regional banks and help them set up wealth management units....
...Mr Price joins the €666bn asset management arm of Axa, the French insurer, from Deutsche Bank....
...His career was spent largely at Julius Baer, Credit Suisse and Bank Sarasin & Co, and included spells living in New York and Singapore....
...Bank J. Safra Sarasin declined to comment....
...● Andreas Söderholm has moved to Reyl & Cie as head of asset services for the SFr11bn Swiss private banking group. Mr Söderholm previously worked for Credit Suisse....
International Edition