Global Wealth Management 2011
LONDON - Private banks are telling their clients financial volatility surrounding Europe's debt crisis will continue for at least a year as more of the continent's rich seek the comfort of household names or state backing when choosing where to bank.
NEW YORK - As brokerages search for ways to grow in a tight economy, many firms are cutting back on new adviser training programs and instead investing in experience.
ZURICH - Stiff competition for top private bankers has kept a floor under pay even as low interest rates, flaccid client trading and tougher regulation squeeze industry profit margins.
NEW YORK - Portfolio managers at Bessemer Trust, financial adviser to ultra-wealthy U.S. families, took an extremely defensive posture a few weeks ago amid some of the most volatile financial markets in more than 80 years.
GENEVA - Some Swiss bankers are advising clients to steer clear of U.S. securities ahead of a new law that would tax people with over $50,000 invested in stocks or bonds of U.S. companies even if they have never set foot in the United States.
GENEVA - Rich clients of Swiss bank UBS have not yet moved their millions to other banks after its $2.3 billion trading scandal last month, rival private bankers said.
NEW YORK - BlackRock Inc is launching its first alternative mutual funds for retail investors.
GENEVA - Swiss private bankers say a capital shortfall in the financial sector and a clampdown on tax evasion stand in the way of much-need consolidation in an industry battling rising costs and falling revenues.
GENEVA - Switzerland's banking industry is relying on its stability and expertise to ensure it has a bright future as a leading center for managing the assets of the rich, despite a concerted global attack on its tradition of secrecy.
GENEVA - Swiss bank Vontobel AG has seen private client inflows continuing at the same pace as in the first half of the year, private banking head Peter Fanconi said on Wednesday.
|Global Weath Management||Jun 3 - 6||Financial Services/Exchanges|
|Global Technology and Media||Jun 17 - 20||Media/Tech/Telco|
|Aerospace and Defense||Sep 3 - 5||Aerospace/Defense|
|Global Consumer and Retail||Sep 9 - 12||Consumer Retail|
|Russia Investment||Sep 23 - 25||Financial Services/Exchanges|
|Washington||Oct 21 - 24||Country Summits|
|Middle East Investment||Oct 28 - 30||Financial Services/Exchanges|
|Global Commodities||Nov 4 - 7||Financial Services/Exchanges|
|Global Investment Outlook||Nov 18 - 21||Financial Services/Exchanges|