Private banking
Editorial writing on Private banking from The Family Office Almanac.
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.