Private Banking

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.

Facing reputational risk and poor prospects, private banking operations are bailing on Russia and encouraging its wealthy to park their assets offshore. 

Picture investment recommendations tailored or customized to individual needs or personality traits, provided cheaply via a highly intuitive digital interface.

For the first time, Asia’s super-rich have surpassed their North American counterparts in both population and wealth. China and Japan, in particular, stood out as wealth powerhouses despite a volatile year for Asian equity markets.  Asia Pacific’s 5.1 million high-net-worth ...

U.S Trust’s 2016 Wealth and Worth survey of high net worth Americans (those with $3 million or more in assets) revealed a decidedly traditional bent among the country’s wealthiest individuals.

The so-called Panama Papers, more than 11 million leaked documents from a Panamanian law firm, are shining a spotlight on the scope and financial impact of the offshoring financial industry and global efforts to move assets to tax havens or less-regulated jurisdictions.

Andrea Fiano, Editor of Global Finance Interviews the Award Winners of the Best Private Banks 2015.