Swiss banks, coming under growing pressure from regulatory authorities in pursuit of secrets relating to the ownership of funds they handle, are turning to Dubai as an alternative safe haven to park these funds on behalf of their clients. Sources close to Swiss banking circles confide that the funds are

Geneva, 26 June 2012, SAGE Group SA has partnered with the E-MERGING network, launched by the private bank Lombard Odier. This partnership enables the linking of the specialized software and services used by wealth management professionals with the broader community of independent asset managers and family offices. SAGE Group SA,

SAGE Group SA has just launched the latest addition to its flagship Wealth Management solution Prospero – a complete set of features designed to automate the Systematic Investment Plan (SIP) process. The new addition is a module which enables SIP investments to be directly added to a client’s portfolio allowing

Figure 1. HNWI distribution, 2007-2010 (by region)   Without a doubt, wealth management and private banking are big businesses. In an international ranking of wealth managers published in the International Private Banking Study of 2011 by the University of Zurich, total market volume of wealth managers by Asset Under Management

So much for the famous Swiss bank account – Europe’s major moneymen are ditching their traditional alpine safe haven to put their money in Dubai. That’s according to Swiss banking ‘trend spotter’ Jean-Luc Freymond, who says a combination of tougher Swiss banking laws and the simplicity of operating in the

Pioneering financial software company, SAGE Group SA, launched version 2.0 of the company’s flagship product, Prospero, during this year’s MEFTEC exhibition in Dubai, unveiling an enhanced system that allows banks to manage their clients’ accounts across several platforms all from one system. Following the success of Prospero, V2.0 is proving

Magic Software Enterprises Ltd. (NASDAQ: MGIC), a global provider of mobile and cloud-enabled application and business integration platforms, announced today the availability of native iOS and Android clients for its mobile enterprise application platform, in addition to its existing clients for BlackBerry and Windows Mobile. Magic’s productive mobile enterprise application

With the growing pressure on European banks, especially Swiss banks, to adopt more transparent policies and to ask their clients to declare their assets; the region, particularly Dubai, is becoming more attractive to clients looking to provide an alternative to a weakening banking secrecy policy at home. “UAE banks are

New York, 18 April 2012 – Thomson Reuters today announced three strategic alliances that span the full investment process and enhance the pricing and reference data available to fund managers, fund administrators and asset managers. Clients of FundCount, Quantifi and SAGE Group SA will now have access to expanded data

SAGE Group SA will launch v2.0 of its Prospero suite of solutions during MEFTEC which will be held at the Dubai International Convention & Exhibition Centre on the 25th and 26th of April. SAGE Group SA, founded in Switzerland in 1986, was among the pioneers in financial software, spotting sustained