US Bank
Executive Moves: Americas April 2011
9 May 2011
A round-up of the North American industry moves for April 2011.
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Interview - Cheap Valuations Look Tempting In Argentina
5 May 2011
Argentina has been through difficult economic times but it is still the second biggest LatAm economy and there are signs that developments are turning more positive, an investment firm argues.
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First Western Trust Names New Private Banker In Denver
28 April 2011
First Western Trust Bank has hired Larry Quitter as a senior private banker at the firm's Cherry Creek office in Denver. He joins from US Bank in Denver where he was the primary daily contact representative for small- to mid-sized business clients . "It's our goal here to provide banking solutions that cater to our community's distinct needs," said Russel Schmucker, president of the Cherry Creek office, "and I'm excited to have a talented professional like Larry join our team.
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Citigroup Plans Big Hires At Institutional Clients Segment
27 April 2011
Citigroup plans to hire about 500 people globally, including bankers and traders, to bolster its institutional-clients unit, serving groups including private banks, media reports said. The additions are “part of a multiyear effort, across all businesses and geographies” within the division, the bank was quoted as saying by Bloomberg . The institutional-clients unit includes investment banking, trading, transaction processing and its private bank.
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US Bank Announces New Brand For UHNW Business
27 April 2011
US Bank has created a new brand for its ultra high net worth business unit, to be named Ascent Private Capital Management, which the firm says aims to provide a unique brand identity to reinforce a differentiated service. The new launch is also said to be part of providing a new focus and expanded capabilities for ultra high net worth clients as US Bank’s wealth management business continues to grow . Ascent Private Capital Management will begin opening offices in select US cities later this year, the firm said in a statement.
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Tower Bancorp Names New CEO For Wealth Subsidiary
27 April 2011
US banking group Tower Bancorp has named Mark Ritter as the new chief executive of Graystone Wealth Management, the division through which it offers wealth management and trust services. Ritter, who has worked in banking and wealth for 24 years, was most recently with Metro Bank where he served as executive vice president and chief operating officer . Prior to that, he worked as the president and chief executive officer for Sterling Financial Trust Company, an affiliate of Sterling Financial Corp.
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HSBC Private Bank Adds Senior Managers To Bay Area Team
25 April 2011
HSBC Private Bank has announced a number of senior appointments to its team in the Bay Area of California. Richard Kuchen joins as a senior vice president, relationship management . Kuchen brings ten years of private banking experience from his previous position as wealth advisor, business development and relationship manager at Wells Fargo.
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Revenues, Net Income Rise At BofA Merrill Lynch's Wealth Arm
18 April 2011
Bank of America Merrill Lynch’s wealth and investment management arm logged a 22 per cent rise in net income in the first three months of 2011 from a year before, the US banking giant said, boosted by higher net interest margins, fee income and lower credit costs. The improved performance was achieved on the back of a rise in revenues of 11 per cent to $4 . 5 billion, driven by “record asset management fees and record brokerage revenue”, the bank said in a statement today.
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Analysis - There Is Gold In Those Hills - Latin American Wealth Management
13 April 2011
The Latin American continent has its share of problems but is also gaining more traction as a wealth management growth market.
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Florida's Banking Industry Warns Over Proposed US Reporting Rule For Foreigners
12 April 2011
Proposed interest reporting requirements on US banks with foreign clients are being floated again by the US government a decade after similar efforts were abandoned, drawing a sharp attack from Florida’s banking industry.
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News and Features
Latest News
RIA To Unveil Succession, Acquisition Program For Advisors
As A Wealth Preserver, The Dollar Beats Gold At The Moment, Says Private Bank
Summary Of Miscreants In The World's Wealth Management Industry
KeyBank Names Vice President For New York
US Wealth Management Recruits Two Advisory Teams, Targets $1 Billion AuM Next Year
Comment and Analysis
EXCLUSIVE: Citi Private Bank: Reaping Rewards From Client Feedback
WE Family Offices Sets Out To Reshape The Landscape Of UHNW Wealth Management
FEATURE: A Look At The Mexican High Net Worth Client Market
EXCLUSIVE: Thomas Carroll On His First Few Months At The Helm Of GenSpring
EXCLUSIVE: Industry Leaders Debate Hot Topics Of Client Centricity, Communications
Expert Commentary
- Top Story
- Opinion of the Week
- Industry Insight
- View from the Top
- Editor's Choice
- Investment Strategy
Zürcher Kantonalbank Expects To Pay Big Fine To US Over Tax Evasion Case
Zürcher Kantonalbank, the biggest Swiss cantonal bank, expects to pay a fine to US authorities as part of a deferred prosecution agreement for its alleged role in helping US citizens evade taxes, media reports said.
Tom Burroughes
24 May 2013
Guest Opinion: An Earnings Report Every Hedge Fund Manager Should Review
Here Diane Harrison, principal and owner of Panegyric Marketing, argues that the debate over fees in the hedge fund industry often focuses on the wrong topics.
Diane Harrison
20 March 2013
Q&A: Rockefeller & Co's Jimmy Chang On The Investment Environment
Here, Jimmy Chang, a senior portfolio manager and a managing director of Rockefeller & Co, discusses some issues around investing in the current environment.
Harriet Davies
4 April 2013
INTERVIEW: Regular Risk Reviews Gain Traction In The Family Office World
The period between 2008 and 2012 saw an uptick in risk reviewing business at New York’s Rothstein Kass Family Offices Group, says partner Evan Jehle.
Harriet Davies
9 April 2013
FEATURE: Twins And The Business Of Family
Building functionality into a family’s business affairs involves defining each person’s role but it’s never easy to think differently about family members who were children at the dinner table, but are now adults around the board table.
Charles Lowenhaupt
8 April 2013
Guest Opinion: Diversification In The Age Of Globalisation
Marc Odo, director of research at software and business intelligence firm Informa Investment Solutions, discusses why diversification failed during the credit crisis.
Marc Odo
25 March 2013
