Daily Wealth Letter from The Wealth Forums 27 April 2016

Markets, Reports — By on April 27, 2016 at 11:53 AM
Ian Brodie

Ian Brodie

 

DAILY WEALTH LETTER

 

a daily synopsis of wealth news that’s most relevant, timely and dependable

 

Compiled and edited by Ian Brodie of The Wealth Forums (www.thewealthforums.com)

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NUMBER 199  WEDNESDAY,  APRIL 27, 2016

Saudis plan ambitious sovereign fund

Riyadh’s has outlined an ambitious plan to create a huge sovereign wealth fund, which will invest at home and abroad to diversify the economy and create new revenue streams for the government.  READ MORE: https://thewealthforums.com/2016/04/27/saudis-to-launch-ambitious-sovereign-wealth-fund/#more-3431

Mexico battleground for Swiss banks

Credit Suisse has poached at least a dozen* wealth managers in Mexico from rival UBS, intensifying the scramble by Switzerland’s private banks to manage the wealth of emerging market entrepreneurs, according to bankers close to the deal.  READ MORE: https://thewealthforums.com/2016/04/27/mexico-battleground-for-swiss-banks/#more-3427

German watches start to rival Swiss

The east German village of Glashuette doesn’t look like much: just a handful of streets stretching up and down a narrow valley from a bare station platform, where trains depart once an hour for the 45-minute trip to Dresden.  READ MORE: https://thewealthforums.com/2016/04/27/german-watches-start-to-rival-swiss/#more-3421

Switzerland becomes founding member of AIIB

Switzerland has become the 37th founding member of the newly created Asian Infrastructure Investment Bank (AIIB). The Chinese-led body will bankroll transport links and other large scale projects in the region.  READ MORE: https://thewealthforums.com/2016/04/27/switzerland-becomes-founding-member-of-aiib/#more-3424

The Wealth Letter is published every business day by The Wealth Forums: www.thewealthforums.com

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