Former executive director and senior private banker at JP Morgan in France Sébastien Verdeaux has launched Letus Private Office. He co-founded the firm with Anice Chlagou, Aurélie Pesle and Jean Garbois, former vice-president of CEO of Banque OBC. Letus Private Office will target ultra high net worth individuals who are entrepreneurs and set a target of overseeing […]
Only 16% of investors are worried about a eurozone breakup compared with 36% in 2012, a private client survey by JP Morgan Private Bank revealed.
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.
Russia’s Altera Investment Fund has bought a share in Russian Machines Corporation. Its managing partner, Kirill Androsov, has been appointed to the company’s board of directors.
Bengt Ericson’s critique of Sweden’s ultra-wealthy argues that rewards for failure and an enduring coterie threatens both the social contract and the efficient allocation of capital.
Kevin Clerey has been appointed as managing director of newly formed International Protector Group Switzerland, which is introducing the new Bahamas Executive Entity to that market for trust advisors.
Allocators say they will allocate to hedge funds again, but only to those that meet strict criteria.
A report from Société Générale Private Banking shows the make-up of the world’s new wealthy and how they run their investments.