A New Kind of Private Bank
Ascent is part of U.S. Bank's wealth management arm; its first office opened in Minneapolis just a year ago. Today there are five locations and a client roster of 60 families with an average net worth of $200 million.blogs.barrons.com
US Bank Ramps Up Wealth Management Business in Seattle
U.S. Bank is ramping up the high-end tiers of its wealth management business in Seattle. The Minneapolis-based bank has added two new professionals to Ascent Private Capital Management, its wealth management business for the super wealthy, and hired ...www.bankinvestmentconsultant.com
US Bank introduces new mobile apps for Windows Phone
Oct 29, 2012 (Datamonitor via COMTEX) -- US Bank, a subsidiary of US Bancorp, has introduced two new mobile apps for Windows Phone, one developed through US Bank Wealth Management and the other through US Bank Retail Payment Solutions.www.equities.com
Pictet Says U.S. Has Made 'Inquiry' Into Wealth Management Unit
Pictet & Cie., Switzerland's biggest closely held private bank, said the U.S. Department of Justice has made a "general inquiry" into its wealth management business with U.S. clients. "As is the case wherever we operate, Pictet has made it a priority ...www.bloomberg.com
New Hire Roundup: Wedbush Private Client Services Group Adds Wright
U.S. Bank announced recently that Lance Losey has been appointed managing director of wealth strategy and Mary Welk has been appointed managing director of client advisory, both for Ascent Private Capital Management of U.S. Bank in Seattle. In his new ...www.advisorone.com
Morgan Stanley selling its Indian private bank: sources
The bank's India unit sale underscores a growing trend of consolidation in Asia's wealth management industry as private banks struggle to earn profits in the face of rising regulatory costs and wafer-thin advisory fees.www.reuters.com
US Bancorp Unit to Buy AIS Fund Administration
"This acquisition is another key step in U.S. Bank's strategic growth of our securities services business," Terrance Dolan, vice chairman of U.S. Bank Wealth Management & Securities Services, said in a news release. "This enables us to expand our fund ...www.americanbanker.com
Managers of wealth need to be nimble
For sophisticated investors with more of a stomach for distressed assets, the eurozone crisis is expected to create some opportunities in the next year as banks restructure and trim balance sheets. Wealth managers believe asset prices remain too high ...www.ft.com
On The Move
For Ascent Private Capital Management of U.S. Bank in Seattle, Lance Losey has been named managing director of wealth strategy. Losey will provide multi-generational planning, family governance, trust and fiduciary advisory services to ultra-high-net ...www.fa-mag.com
UBS accelerates restructuring plan as US wealth management shines
UBS' plan to shrink its investment banking operations and focus on wealth management was kicked into high gear by executive leadership today.www.investmentnews.com
US Bond Prices Jump on Obama Win
"The Treasury market recognizes that we're back to the fundamentals we had before the election,'' said Dan Heckman, chief fixed income strategist at U.S. Bank Wealth Management, with approximately $80 billion in assets under management.www.cnbc.com
Ping An's Investor Appeal Lies in Bank, Asset Management Mix
Ping An's Investor Appeal Lies in Bank, Asset Management Mix. By Bloomberg News ... "One of the appeals of Ping An is its financial holdings structure with life, property insurance, banking, wealth management businesses," said Li. That's unlike many ...www.bloomberg.com
US justice department probes Swiss bank Pictet
Pictet said in a statement the U.S. Department of Justice had made a "general inquiry" into its wealth management business with U.S. clients, adding it would cooperate fully. The U.S. investigation is part of a global offensive on the tradition of ...www.chicagotribune.com
US stocks close at more than four-month lows
"The fiscal cliff jars the economy at a time when it does not need to be disturbed too much, it's the last thing people want," said Jim Russell, chief equity strategist for U.S. Bank Wealth Management. An Israeli strike that killed a Hamas leader ...articles.marketwatch.com
Barclays Bolsters Regional US Reach With 18 Wealth Hires
Barclays has hired 18 investment representatives as it looks to spread the regional reach of its U.S. wealth management business.www.onwallstreet.com
US Bank Makes Two Senior Appointments In Ultra-HNW Unit
She joined U.S. Bank in 2010 as managing director of trust, and then served as managing director, wealth management advisor, before accepting the position with Ascent.www.bankinvestmentconsultant.com
Kamiar Vossoughi Joins MB Financial Bank as Senior Private Banking Advisor
He is located in Chicago at 363 W. Ontario St. Previously, he served as vice president/wealth management advisor at the Private Client Reserve of US Bank and spent over 11 years as director, wealth advisor at Harris Private Bank. Vossoughi is a ...www.equities.com
UBS Wealth Management Americas posts record 3Q profit
Oct 30 (Reuters) - UBS Wealth Management Americas, the U.S. brokerage arm of Swiss bank UBS AG , reported its third consecutive record profit on Tuesday, driven by strength in invested assets and revenue.www.reuters.com
Credit Suisse to Revamp Investment Banking, Private Bank
Credit Suisse Group AG (CSGN), the second- largest Swiss lender, named Gael de Boissard co-leader of the investment-banking division and said it will merge asset management with the private bank to speed cost cutting. De Boissard, 45, will join the ...www.businessweek.com
U.S. stocks start higher, inspired by Cisco's beat
... negotiations to avert more than $600 billion in automatic spending cuts and tax hikes from starting in January is "a global economic event, and the eye of the storm is Washington," said Jim Russell, chief equity strategist for U.S. Bank Wealth ...stream.marketwatch.com
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