UBS hosts client gig - in a prison

Prison Window

UBS’s wealth managers hosted clients last week in an unlikely Manhattan location - a former women’s prison with concrete walls and solitary confinement cells. It’s the site of a photography exhibition sponsored by the bank, “Women: New Portraits,” by Annie Leibovitz.

People News: Bank of America, Barclays

Bank Of America Building

Bank of America's global wealth and investment management division said Keith Banks, president of the company's U.S. Trust unit, would take on the additional role as head of its newly created chief investment office and investment solutions group.

ANZ continues retreat from Asian wealth management

Business Hand Shake

Australia & New Zealand Banking Group’s sale of businesses in five Asian markets to DBS Group Holdings offers the latest sign of consolidation in the region’s highly competitive wealth industry, which has already seen a retreat by European players like Barclays and Societe Generale.