With Credit Suisse ending direct client coverage out of the Channel Islands, the Swiss bank has set up a wealth management firm with local financial service provider Stenham Group, that will act as an external asset manager (EAM) for the bank regionally and elsewhere.
Rathbones has reiterated its commitment to long-term growth, despite ongoing volatility within the markets it serves.
Credit Suisse has released a report which forecasts real equity returns will be limited to 4-6% over the next ten years and real bond returns will be close to zero.
Aidan Kearney has resurfaced at the Health Foundation more than a year on from leaving Aberdeen Asset Management.
Former Financial Services Authority chief executive Hector Sants has been named as the chairman of Julius Baer International from 1 July.
JP Morgan Asset Management has poached Credit Suisse’s Thushka Maharaj for a new global strategist position in the firm’s global multi-asset arm.
Credit Suisse has announced first quarter profit up 23% on this time last year to CHF 1.1bn, in large part due to its wealth management division.
Coutts has hired ex Credit Suisse and JP Morgan Private Bank wealth manager Alison Bishop for its ultra-high-net-worth Private Office business.
Despite improved cost control and an increase in assets under management, the groups wealth management division saw earnings fall.
UBS has bolstered its position as the worlds largest private bank by assets under management ahead of the likes of Bank of America Merrill Lynch, Morgan Stanley and Credit Suisse.
Credit Suisse International (CSI) and Yorkshire Building Society have been fined £3.8m by the Financial Conduct Authority for misleading investors in a widely sold structured product.
Credit Suisse has pleaded guilty to conspiracy to assist US customers in presenting false income tax returns and has paid a settlement to the US Government of $2.8bn.
