While philanthropy has a long tradition among the ultrarich, private bankers say the inclination to give is stronger than ever—and vastly more complex.
At Global Finance’s annual private-bank awards dinner in Manhattan, talk revolved around how wealth can best serve people and create value worldwide.
Saod Obaidalla, executive vice president and head of Private Banking at Emirates NBD, speaks with Global Finance about the evolution of the regional economy and the bank’s plans to compete with global rivals.
Sung-Yeop Kim, executive vice president and head of the Wealth Management Group and Private Banking for KEB Hana, talks with Global Finance about how his bank serves Asia’s growing ranks of wealthy.
Study of wealthy Millennials finds more interest in private equity than robo-advisory, and a desire to “do good” as well as get good returns.
Millenial millionaires aren't quite the "millionaire next door" of yore: they come with new attitudes and new futures to carve out.
"There are three principal ways to lose money: wine, women and engineers. While the first two are more pleasant, the third is by far the more certain", famously said baron Edmond James de Rothschild.
The world’s best private banks, as determined by Global Finance, are finding ways to recast their businesses for the future.
With billionaire president-elect Donald Trump in the White House, we may be about to witness a revival of bling. Trump has promised to lower taxes on the wealthy, giving them more to spend on everything from Apples (iPad) to zircon ...
Paolo Sironi, thought leader for IBM in wealth management, talks about robot financial advisors and how they could make personal finance--from retirement planning to saving for college or a vacation--more engaging.
With great wealth comes a burden of keeping it. Last year, the net worth of 1,400 billionaires worldwide that are being tracked in a study declined for the first time in a decade—to $5.1 trillion. And while 210 people rose ...
Private bankers looking to grow in Asia are investing heavily in innovation to stave off disruption, at the same time firms are also turning to technology to tackle more fundamental issues in the industry.
The wealthy in Asia are ramping up their exposure to infrastructure investments, in a move that illustrates how disappointing returns from traditional asset classes are pushing yield-desperate investors into some of the most illiquid strategies.
While Asia recently pulled ahead of the West as home to wealthy individuals, some private banks are pulling out, leaving the field to nimble local rivals and committed global Goliaths.