Bank of America Merrill Lynch has put its international wealth management business up for sale, but will the reported $3bn price tag deter potential buyers?
Business Models
Calling the shots
Facing up to a variety of challenges, groups which are seen as regional leaders in private banking are paving the way with company wealth management strategies which are responding to the changing landscape
Time to show faith in Islamic finance
Private banks have been slow to explore the opportunities that Islamic finance could offer, but there are signs this is starting to change
Evaluating partnerships
Independent wealth managers are totally reliant on banks for the products and services they offer, which makes the selection criteria for choosing their partners vital
Industry must pull together to save open architecture
Changing regulations could concentrate distribution in the hands of a few banks, threatening the open architecture model
Growth of philanthropy offers wealth managers a supporting role
Wealthy individuals are expected to play an increasingly large part in funding welfare projects, and will be looking for expert advice to help guide their donations
Taking time to reflect
It has been a turbulent 10 years for wealth management but looking back at what has transpired may provide pointers at how best to approach the challenges the industry faces
Leadership on the line
Today’s wealth businesses need transformers, not conformers, says Create's Amin Rajan
UBS faces up to uncertain future
Disappointing results, the rogue trading scandal and the resignation of Oswald Grübel leave Swiss giant UBS at something of a crossroads
Containing the virus
While the G20 seems keen to tackle the Eurozone debt crisis, the UK is trying to ringfence retail banking to avoid future contagion
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