Private banking
Editorial writing on Private banking from The Family Office Almanac.
Northern Trust puts a West Coast head on its family office unit
The Chicago bank has hired Wilmington Trust's Candice Nakagawa to run Family Office Solutions across the western United States, in a market where private banks are competing for entrepreneurial wealth.
Lombard Odier appoints Turkey market head as it targets the region
The Swiss private bank has hired UBS veteran Tuncay Yilmaz to lead its Turkey coverage, a market marked by rapid asset growth and established business dynasties.
Goldman Sachs builds a private markets platform for its wealthy clients
Goldman Sachs has pulled its private-market activities into one unit aimed at family offices who want direct stakes in late-stage private companies, plus a way to trade them.
Deutsche Bank and Dubai sign a referral pact aimed at family offices
Deutsche Bank's Private Bank and Dubai's Department of Economy and Tourism have agreed a client-introduction partnership to bring family offices and UHNW individuals into the emirate. The interesting part is who introduces whom, and on what terms.
BBVA launches a bank-owned 'independent' multi-family office in Spain
BBVA Private Banking has opened a multi-family office for fortunes of €30–300 million, structured as a separate company with open-architecture custody. The word doing the heavy lifting is 'independent'.
Evertern Wealth ties up with Vontobel's Swiss arm for cross-border banking
A first-year US multi-family office has signed a referral alliance with Vontobel Swiss Financial Advisers, adding Swiss custody, multi-currency banking and allocated gold storage rather than building the capability itself.
What we are reading about family offices
No noise, no selling. A measured note on the advisory landscape.