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Rain clouds dampen Swiss celebrations
UBS’s jubilant announcement of a 21 per cent increase in wealth management profits belies the fact that all is not quite right in Helvetia.
The latest results from Swiss banking giant UBS have been welcomed as signifying the
official end of the bear market. UBS’s wealth management profits were up 21 per cent on last year, with net new money over the last 12 months totalling SFr23.3bn (E15bn), compared with SFR14.9bn for the previous year.
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Europe on tenterhooks over mutual fund probes
Roxane McMeeken reports on the worry Eliot Spitzer’s campaign is invoking.
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Wealth news
Marighetti exits DB
Luca Marighetti, the man who fronted Deutsche Bank’s pioneering “guided architecture” policy, establishing distribution deals with eight preferred external fund management groups, is about to leave the company.
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