Louis Vuitton routinely ranks among the most admired brands in surveys of Chinese consumers. But ultra-luxury names such as Hermes are making inroads, and some top-tier consumers now look down on Louis Vuitton as too common.
The Swiss bank announced Sfr15.3bn ($15.65bn) of capital raising measures, including Sfr3.8bn of mandatory and contingent convertible securities, as it pushed out second-quarter results one week earlier than expected.
Coutts said, leading a team of specialists, he will consult with clients on the design of bespoke investment strategies and solutions.
Under the terms of the arrangement, Premium has taken a 25 per cent stake in the group, with Premium chief executive Paul Harding-Davis and Michelle Brisbane (a financial adviser with Ethical Investment Services) joining Emerald's board.
RBS Private Banking India, the Indian private banking arm of the Royal Bank of Scotland Group, has launched a new bespoke Credit Solutions offering.
The asset management arms of banks, many of which are keen to sell, are likely to head the list of acquisition targets.
Angela Hayward, Tom Maxwell, Mark O'Flynn and Steven Menyweather have all been appointed private client advisers for the Brisbane team, while Katerina Gagliostro and Wesley Hui have joined the office as associate advisers.