Deutsche Bank revamps private bank chief investment office
To create a ‘single CIO centre-of excellence’
Private Banking
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UBP to acquire Swiss arm of Portuguese private bank
It will broaden the bank’s footprint in Portugal and Brazil
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EFG International sells minority stake in Spanish private bank
Deal will enable firm to ‘focus fully’ on its core business
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Deutsche Bank to set up international private bank
It will have around €250bn in assets under management and combined revenue of approximately €3bn
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Swiss private bank to exit private banking in 2021
It is in ‘advanced negotiations’ to sell and transfer its client portfolios, front-office and subsidiaries
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Radical shakeup of Swiss private banks needed
Swiss private banks are failing to address rapidly declining profitability and are too focused on defensive measures to implement a radical transformation that will allow them to generate competitive advantage and sustainable growth, says KPMG.
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Private investors increase allocation to private equity
Family offices and HNWIs are increasingly investing in private equity, according to Preqin.
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Frank Reisbøl – Secure conviction
Frank Reisbøl, MD of Banque Carnegie Luxembourg, is always looking for high-conviction, often smaller, managers for his multi-jurisdictional clients. But not those who chase every last basis point, since that could risk his main objective – value preservation.