The decision to leave markets in Asia and Latin America reflects regulatory and other constraints facing Wells in the wake of its fake account scandals that have cost it billions of dollars.
Citi sees second-half rebound in emerging markets, global small- and mid-cap equities
July 14, 2020 by
David Bailin, chief investment officer at Citi Private Bank, urged investors to get off the sidelines and put cash to work as a new cycle begins.
Bank of America adds 40 model portfolios to Merrill Lynch Investment advisory program
November 16, 2019 by
New investment-manager model portfolios offer clients more choice and flexibility, with guidance from the company’s chief investment office.
Wells Fargo/Gallup study: Investor optimism fell 18 points from a year ago
July 26, 2019 by
"While we do not see a recession in the near term, in many ways we are still recovering from the last one — which left a deep scar on many investors," says Wells Fargo's Tracie McMillion.
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.
Senior Goldman exec to take reins of Julius Baer’s Latin operations
July 31, 2017 by
Beatriz Sanchez is slated to replace Gustavo Raitzin, who has led the Julius Baer's Latin America effort since 2005, overseeing the firm's expansion in Latin America and broadening the business along a network of currently eight locations.
UBS Wealth Management: Anxiety abounds among baby boomers approaching retirement
July 31, 2017 by
UBS's Paula Polito said that baby boomers, instead of 'living to work,' need to start 'working on living,' i.e. figuring out how they will fill their time and find their purpose once they leave the workforce."
Credit Suisse offers gamut of third-party onshore and offshore funds to its Mexican clients
June 5, 2017 by
Credit Suisse Mexico's Nicolas Troillet says he finds the local-fund offering lacking in variety and said the private bank will offer clients both onshore and offshore solutions to meet their diversification needs.
One of Brazil’s last large, independent multi-family offices scooped up by UBS
June 5, 2017 by
Swiss banks including Julius Baer Group and Credit Suisse Group are already well-positioned in Brazil and are wagering on continued expansion of the private-banking industry.
Merrill Lynch trims divisions in executive shakeup
April 9, 2017 by
Don Plaus will lead Merrill Lynch's elite Private Banking & Investment Group, which caters to wealthy clients. He'll also oversee the firm's international business, according to news site On Wall Street.
