Milan-based investment bank Mediobanca has launched a private banking division focused on high net worth individuals (HNWI). It comes a week after the Italian bank announced the acquisition of a 69% stake in the Swiss investment manager RAM AI. The new division, Mediobanca Private Banking, will count with a team of about 90 bankers that […]
Andbank Spain, an entity specialized in private banking, has launched the Key Clients division, specialized in wealth management for high net worth individuals (HNWI). The objective of this business area is to attract €1bn over the next three years. The new Key Clients division will offer a comprehensive wealth management service, with access to “exclusive” investment […]
Italy’s Azimut continues its business development plans in Australia with the acquisition of Wealthwise. This acquisition is the ninth in a series that aims at consolidating the company’s wealth management business to retail, HNW and institutional clients in Australia and was concluded via Azimut’s subsidiary AZ Next Generation Advisory (AZ NGA). The agreement includes a […]
Societe Generale Private Banking Suisse (SGPB Suisse) has recently appointed André Mankowsky as head of its Russia and Commonwealth of Independent States (CIS) desk in Zurich. He reports to Julien Duniague, head of Commercial and Marketing at SGPB Suisse and is responsible for continuing to strengthen the private bank’s existing relationships with Russian and CIS clients based both […]
A new KPMG International survey has found that 58% of family businesses are currently seeking external financing to fund their investment plans, but finding the right strategic investment partner can be challenging. While family businesses create more than 70% of global GDP many say they find their fundraising options limited. Private equity funding often requires […]
Banca Esperia, Banca Mediolanum and Mediobanca’s private bank, has added Gianluca Piacenti to its team of private bankers. Piacenti joins from UBS Italia where he has worked for the last five years as head of HNWI clients for Rome and the centre-south area of the country. As part of Banca Esperia’s team, he will be […]
JP Morgan Private Bank has appointed Domenico D’Urso (pictured) as private banker for HNWI. He will be based in Milan and will report to Roberto Pagliara, head of the HNWI team JP Morgan Private Bank led by Riccardo Pironti. D’Urso joins from Banca Leonardo, where he was the head of the private banking division. Prior […]
Data published by consultant WealthInsight suggests Singapore will have the second highest density of dollar millionaires after Monaco by 2017, when an estimated one in 20 people will have net assets of $1m or more.
67% of HNWI globally said that asset growth was increasingly a priority over protecting their principal, a survey from Netixis Global Asset Management revealed.
Wealth managers and private banks have been urged to copy the customer service offered in the luxury goods sector if they want to retain high net worth clients.
French HNWIs are set to shift further towards liquid assets over the next two years, away from illiquid assets such as property, according to a report by Timetric.
Research just released by data provider Timetric suggests that Poland’s HNWI sector is set to grow substantially until 2017, as volumes show a substantial growth and recovery pattern.