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Legacy Family Office, a Naples-based multi-family office has formed a strategic alliance with CTC Consulting, an investment consulting firm based in Portland, Ore.
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Credit Suisse’s private banking division is awaiting a banking license to open an office, said Brady Dougan, chief executive.
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EFG International senior v.p. Bjorn von Below has joined forces with a blossoming two-year-old gallery by local artist Hadrien Dussoix to mount a counterintuitive challenge against how the global art colossus does business.
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Beacon Wealth Management has expanded its team with three new hires.
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Paragon Wealth Management has launched a new Web site to help clients make decisions when selecting financial advisors.
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Coutts, the U.K. private bank, has tapped Michael Hayman as a regional chairman to head its entrepreneur division.
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Macquarie has appointed Eric Schimpf as the new head of Macquarie Private Wealth.
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Collins Stewart has acquired Corazon Capital Group Limited, an investment management business based in Guernsey and Geneva.
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Boutique U.K. wealth manager Eden Financial has hired a team of five from Barclays Wealth.
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UBS’ 1,000-strong Asian wealth management division plans to raise its headcount by 40% in the coming year.
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The Hinduja Group is looking to acquire KBL European Private Bankers, the private banking unit of KBC.
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Swiss private bank EFG International said its net profit in 2009 dropped 54%.
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Deutsche Bank’s Private Wealth Management unit has hired Andreas Tautscher as global head of the Financial Intermediaries business.
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Huljich Wealth Management has appointed David McEwen as an external consultant to its investment committee.
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KBC’s private banking unit KBL European Private Bankers is up for sale.
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BHF-Bank, a Frankfurt-based private bank, hired Marcus Hahn from Sal. Oppenheim Group.
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Dexia Private Banking Luxembourg will be compensating victims of Bernard Madoff that invested in the Rafale Partners hedge fund, on a case by case basis.
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Legg Mason Global Asset Management has hired Mark Palmer, the sales director for U.K. life and platform businesses at Fidelity International.
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Close Asset Management has appointed Nancy Curtin as cio as part of its ongoing integration of Fortune Asset Management.
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The U.K. government will acquire the Swiss bank account details of up to 6,600 wealthy U.K. citizens suspected of evading taxes after information was stolen from HSBC’s private bank in Switzerland by a software engineer.
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Cleveland-based KeyCorp has appointed Aaron Reitz as v.p. and private banking executive for Key Private Bank in central Indiana.
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Austin-based Blackhaw Wealth Management, an independent financial advisor, is formally open and accepting new clients.
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UBS’s wealth management unit said that Chinese stocks traded in Hong Kong may gain as much as 20% this year and investors should take advantage of any “corrections” to add to holdings.
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Merrill Lynch Wealth Management has tapped Edward Raymond as a senior portfolio manager within its discretionary team.
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AIG broker-dealer division Royal Alliance Associates has acquired Rehmann Financial.
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Quilter, the boutique investment manager which became owned by a joint venture between Citigroup and Morgan Stanley, has tapped a regional sales manager for its growing Dublin team.
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JP Morgan’s private bank is looking to reduce its focus on the United States.
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A former information-technology staffer at HSBC’s Swiss private-banking arm stole data on 24,000 accounts.
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Paul Peckosh, who has served in various trust and wealth management capacities for 35 years for Heartland Financial, will retire in April.
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Lazard Frères Gestion, the French wealth manager, plans to open a wealth management office in Switzerland.
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Towergate Financial has tapped Steve Petrie as a director in the private client business.
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HSBC Private Bank has appointed Anna Blomqvist and Mark Winterburn as investment advisors.
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Third Financial Software, a provider of wealth management technology solutions, has launched tercero wealth management platform.
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U.S banks might dominate the list of top wealth managers in the world in terms of assets under management, but, for the most part, they haven’t been able to duplicate their size in Europe.
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Bank of America Merrill Lynch Wealth Management has hired Arnaud Lambillon from UBS to cover resident non-domiciled U.K. clients and U.K. citizens based in Zurich.
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Citi Private Bank has snagged Mark Connally and Michael Smith from Barclays Wealth to head regional offices.
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PNC Wealth Management has appointed Gail Horvath the new managing director for Northeastern Pennsylvania.
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Julius Baer has named David Lim as its private banking head for Southeast Asia.
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WSFS Financial has named Janis Julian as senior v.p. for its trust and wealth management division.
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Credit Suisse’s Swiss private banking head Rolf Boegli said that wealthy clients still hold a considerable portion of their assets in cash or cash products.
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Bank Delen, one of Belgium’s biggest private banks, saw its assets under management rise by 21% to €13.2 billion in 2009.
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David Carroll, a Wells Fargo senior executive v.p. overseeing wealth management, has a long-term goal of adding 10,000 additional advisers to its wealth management unit over time.
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Neil Roderick, head of Macquarie Adviser Services, has taken on a new role as Macquarie Banking and Financial Services group’s coo.
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Rothschild plans to at least double the size of its British private banking arm.
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Deutsche Bank plans to double the assets it manages for wealthy Indians living overseas to $10 billion in three years.
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Philip Fett has left Morgan Stanley Smith Barney to join J.P. Morgan.
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RBC Wealth Management reported net income of $213 million for the quarter that ended Jan. 31, up $88 million from a year earlier.
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U.S.-based private bank Atlas One has named a senior fixed income banker Brian Lazell to run its new London-based office.
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UBS named Axel Hoerger head of wealth management in Germany, replacing Stephan Zimmermann.
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Credit Suisse has named Werner Schlossmacher as director and head of investment solutions for Southeast Asia and Australasia for its private banking division.
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RBS Coutts Bank, the private banking unit of Royal Bank of Scotland, has relocated Nick Cringle, its global co-chief investment officer, from London to Hong Kong.
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Standard Chartered Private Bank’s assets under management grew by 12% globally in the 12 months to December.
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Private bank Sarasin has seen a 6% rise in full-year profit.
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Morgan Stanley’s Private Wealth Management division has hired an executive director to strengthen team in the Middle East.
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A former executive of Appleton, Wis., investment firm Wealth Management LLC has agreed to pay $1.4 million to settle civil accusations of misleading clients and accepting undisclosed kickbacks.
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BMO Financial Group said fiscal first-quarter profit jumped almost three times from the same period last year.
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Geneva-based wealth and asset manager, Bedrock Group, is poised to launch a multi- strategy fund of hedge funds with commitments worth $50 million.
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Pre-tax profits at HSBC Private Bank slid over a fifth last year to $1.1 billion.
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Serge Robin, the former head of Merrill Lynch in Switzerland, has left to join Geneva partnership bank, Gonet & Cie.
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Abu Dhabi Commercial Bank (ADCB) and Schroeder Bank have formed an alliance to offer private banking services in Switzerland.