“As we observe how Americans look at their financial future, younger generations continue to rewrite the rules for the rest of us,” said Aron Levine, head of Merrill Edge
Principal Chile strengthens wealth business and offshore fund lineup
November 21, 2017 by
With Andrés Silva’s appointment as head of Wealth Management and the incorporation of a dozen UCITS funds to its local platform, Principal now covers the HNW segment, i.e. clients with financial assets of over USD 1 million.
Carolina Montiel to head BNY Mellon’s family-wealth investment-advisor group
November 21, 2017 by
Based in Miami, Montiel will report to Ridge Powell, managing director and team leader of the advisory group, and will support the Florida region alongside Managing Director Ray Sidwell and the international team.
UBS-PwC report: more billionaires in Asia than in US
November 7, 2017 by
"Networks are of increasing importance to billionaires," said UBS's John Mathews. "Based on the insights we have gathered over the years, we are able to offer them customized platforms to tap into."
Transamerica joins forces with local Mexican manager Akaan
October 10, 2017 by
Akaan's chairman and founder, Fernando Quiroz, was formerly CEO and vice-chairman of Citigroup's Institutional Clients Group for Mexico and Latin America.
New advisory designation marks resumption of private-banking activity in Argentina
September 28, 2017 by
While local companies can fit into this category, it is expected that foreign banks that left the country due to lack of legal protections will try to make landfall again in Buenos Aires. To do this they will have to open offices in the country and register as an AAGI.
BNY Mellon Wealth appoints Alex Ramos as senior wealth director
September 28, 2017 by
Ramos will report to managing director Chris Griffin, and will be responsible for business development efforts in the company’s Greenwich office.
World Wealth Report 2017: HNW population and wealth hits new high as ‘BigTech’ encroaches
September 28, 2017 by
More than half of HNWIs (56.2%) say they are open to using BigTech services for wealth management, expecting efficiency, transparency, innovation, and excellent online capabilities, the CapGemini report found.
HSBC channels Andean and Central American wealth clients to UBS
September 17, 2017 by
As part of a streamling, HSBC’s Peter Boyles announced that the bank expects up to 40 employees to be offered positions at UBS. Clients will be referred to UBS’s Wealth Management Americas division.
GIS, Northeast and Hencorp rebranded as Insigneo, a firm with USD 8 billion in client assets
August 14, 2017 by
Raul Henriquez is the CEO of Insigneo, the result of the integration of several companies: Global Investor Services, HB Asset Management, Alpha Capital, Hencorp Wealth Advisors, and the recently acquired Northeast Securities.
