Distribution of wealth

INSEAD Force for Good Campaign Concludes by Surpassing All Goals

Retrieved on: 
Thursday, September 14, 2023
National Stone Centre, Good, Learning, Climate, Distribution of wealth, Virtual reality, Claude, Harvard Business Review, Culture, Teaching, Nu Skin Enterprises, Initiative, Business, ABU, Woman, MBA, Research, Davos, Blue Ocean Strategy, VR, Business school, Student, Entrepreneurship, INSEAD, Force, Knowledge, Growth, Service, Tourism, Management, Renewable energy, Nursing

FONTAINEBLEAU, France, SINGAPORE and ABU DHABI, UAE, Sept. 14, 2023 /PRNewswire/ -- INSEAD, The Business School for the World, announced the successful conclusion of its largest fundraising campaign to date, the Force for Good campaign. 

Key Points: 
  • Launched in 2013, the campaign has exceeded expectations, surpassing its initial 200-million-euro target to reach an impressive 310 million euros.
  • An outstanding 52% of INSEAD's alumni and students actively participated in the campaign, surpassing the 50% participation goal.
  • The Force for Good campaign serves as a powerful testament to our collective potential."
  • The success of INSEAD's Force for Good campaign demonstrates a united commitment to addressing global challenges, including sustainability.

Investing App Public.com & Nonprofit Commonwealth Launch Partnership to Help Close the Racial & Gender Wealth Gap Through Investing

Retrieved on: 
Tuesday, August 3, 2021
Articles, Distribution of wealth, Social inequality, Economic globalization, Economic inequality, Libertarian theory, Occupy Wall Street, Institutional racism, Racism

"It is clear that labor income alone will not close the gender and racial wealth gap.

Key Points: 
  • "It is clear that labor income alone will not close the gender and racial wealth gap.
  • Black, Latinx and female-led households disproportionately experience financial insecurity due in large part to longstanding, systemic racism and gender discrimination.
  • There is tremendous opportunity, with 65% of women who don't already invest expressing interest in investing, according to recent Commonwealth research .
  • Commonwealth is a national nonprofit building financial security and opportunity for financially vulnerable people through innovation and partnerships to change systems.

Capture Housing and Orchard & Shipman: Major Step Forward for the Affordable Housing Market

Retrieved on: 
Wednesday, July 28, 2021
Public housing, Urban renewal, Affordable housing, Articles, Economy, Distribution of wealth

SLOUGH, England, July 28, 2021 /PRNewswire/ -- A new scheme to boost the supply of affordable homes by one of the country's leading registered providers of social housing and an Isle of Wight based affordable housing providerwas finalised yesterday.

Key Points: 
  • SLOUGH, England, July 28, 2021 /PRNewswire/ -- A new scheme to boost the supply of affordable homes by one of the country's leading registered providers of social housing and an Isle of Wight based affordable housing providerwas finalised yesterday.
  • Buyers into the scheme can acquire between 60% and 75% of the 125 year lease of the property.
  • Orchard & Shipman Homes Ltd and Capture Housing have completed this scheme in Ryde providing 15 shared ownership flats and houses.Said Chris Shipman, Chairman of the Orchard & Shipman Group, "This is an important development for those trying to get on to the first rung of the housing ladder, the step that is so difficult for so many."
  • The Ryde scheme has been developed on behalf of Capture Housing by Captiva Homes and provides 15 properties in a mix of 2 and 3 bedroom homes with open market values ranging from 175,000 to 245,000.

Industry-Renowned Wealth Team Joins Old National to Lead Investment Management and High-Net-Worth Services

Retrieved on: 
Tuesday, July 27, 2021
Banking, Professional services, Finance, Economy, Finance, Money, Distribution of wealth, Financial management, Investment management, Stock market, Wealth management, Private banking, BTG Pactual, High-net-worth individual

Old National Bank (ONB) is thrilled to announce the hiring of three executives who will lead the Wealth Groups Investment Management and High-Net-Worth services, including portfolio management, investment research, HNW advisory and institutional wealth management services.

Key Points: 
  • Old National Bank (ONB) is thrilled to announce the hiring of three executives who will lead the Wealth Groups Investment Management and High-Net-Worth services, including portfolio management, investment research, HNW advisory and institutional wealth management services.
  • This includes financial planning, investment management, trust and estate services, and private banking, said Chady AlAhmar, Old Nationals Wealth CEO.
  • With 23 years of investment and wealth management experience, he will lead Old Nationals investment strategy and wealth management services for businesses and nonprofits and oversee team members who support client asset portfolios.
  • In addition to providing extensive services in retail and commercial banking, Old National offers comprehensive wealth management, investment and capital market services.

Back On! Rolling Stones Announce New Dates for U.S. Tour with Alliance For Lifetime Income As Sole Sponsor

Retrieved on: 
Thursday, July 22, 2021
Taxation in the United States, Ageing, Economic inequality, Issues in retirement security, Retirement, 501(c) organization, Articles, Economy, Distribution of wealth

"As the sole sponsor of the Rolling Stones 'No Filter' tour, the Alliance for Lifetime Income can't wait to hit the road with the band again this year.

Key Points: 
  • "As the sole sponsor of the Rolling Stones 'No Filter' tour, the Alliance for Lifetime Income can't wait to hit the road with the band again this year.
  • "We've all spent the past 16 months focused on protecting our health and fighting back a global pandemic.
  • The Alliance for Lifetime Income is a non-profit 501(c)(6) educational organization based in Washington, D.C., that creates awareness and educates Americans about the value and importance of having protected lifetime income in retirement.
  • We believe focusing attention and conversations on retirement income that lasts throughout life leads to greater retirement security for millions of Americans.

New Report Finds Path to Restoring Middle Class in Opportunity Occupations

Retrieved on: 
Thursday, July 22, 2021
Articles, Social inequality, Libertarian theory, Distribution of wealth, Economic globalization, Economic inequality, Occupy Wall Street, Social mobility, Heartland

In addition, opportunity occupations are more prevalent in Heartland states than in non-Heartland comparison states, such as California, Washington and Florida.

Key Points: 
  • In addition, opportunity occupations are more prevalent in Heartland states than in non-Heartland comparison states, such as California, Washington and Florida.
  • Amid rising income inequality and falling social mobility, opportunity occupations could be key to a revitalized middle classif policymakers take the right steps.
  • "The road to a stronger middle class runs through the Heartland, where these fields are growing."
  • This analysis informs Heartland Forward's unique policy recommendations for increasing labor market efficiency and growing the middle class.

Stephen Curry and Leading Organizations Across U.S. Join NinetyToZero to Combat Racial Wealth Gap

Retrieved on: 
Thursday, July 15, 2021
Articles, Social inequality, Distribution of wealth, Economic globalization, Economic inequality, Libertarian theory, Occupy Wall Street

NEW YORK, July 15, 2021 (GLOBE NEWSWIRE) -- Stephen Curry, seven-time NBA All-Star and two-time NBA MVP, and a group of leading CEOs and organizations across sectors are taking action to combat the 90% racial wealth gap between white and Black Americans by joining NinetyToZero .

Key Points: 
  • NEW YORK, July 15, 2021 (GLOBE NEWSWIRE) -- Stephen Curry, seven-time NBA All-Star and two-time NBA MVP, and a group of leading CEOs and organizations across sectors are taking action to combat the 90% racial wealth gap between white and Black Americans by joining NinetyToZero .
  • NinetyToZero brings deliberate, collective action to counteract centuries of racial and economic discrimination, to transform the economic landscape so that all Americans can thrive.
  • We stand with NinetyToZero and are committed to doing everything in our collective power to help close the racial wealth gap, said Stephen J. Squeri, Chairman and CEO of American Express.
  • Bridging the racial wealth gap throughout our country is not simply a moral imperative, but an economic one.

Global Investment Boutique Azura Continues Expansion with Geneva Office Opening

Retrieved on: 
Thursday, July 1, 2021
Economy, Finance, Investment management, Money, Distribution of wealth, Ultra high-net-worth individual, Wealth concentration, Wealth management, Family office, Investment banking

MONACO, andLONDON, July 1, 2021 /PRNewswire/ --Azura, a global investment office serving UHNW entrepreneurs and Single Family Offices, today announced the opening of a new office in Geneva, Switzerland, to support business growth and better serve its international client base.

Key Points: 
  • MONACO, andLONDON, July 1, 2021 /PRNewswire/ --Azura, a global investment office serving UHNW entrepreneurs and Single Family Offices, today announced the opening of a new office in Geneva, Switzerland, to support business growth and better serve its international client base.
  • The Geneva office, located at Longemalle 2-4, will be led by Frederic Turrettini, who joins Azura as Partner, supported by a new team.
  • Geneva is Azura's fourth office worldwide, following its existing offices in London, Monaco and Singapore.
  • Azura is a global investment office that provides UHNW entrepreneurs & Single Family Offices wealth management, investment advisory and investment banking solutions, overseeing approximately $2.5 billion in client assets globally, including $1.5 billion under advisory and $1 billion introduced, as of June 30, 2021.

New Report Reveals Global UHNW Population Grew 1.7% in 2020 Despite Covid-19 Disruption

Retrieved on: 
Wednesday, June 30, 2021
Economy, Distribution of wealth, Articles, Wealth concentration, Ultra high-net-worth individual, Wealth, Citigroup, Net worth, Worth, Millionaire

The ninth edition of this report provides an in-depth analysis of the global ultra high net worth (UHNW) population an exclusive group of wealthy individuals located across the globe, each with $30 million or more in net worth.

Key Points: 
  • The ninth edition of this report provides an in-depth analysis of the global ultra high net worth (UHNW) population an exclusive group of wealthy individuals located across the globe, each with $30 million or more in net worth.
  • World Ultra Wealth Report 2021 explores the distribution of wealth among the ultra wealthy, general wealth drivers, regional trends and rankings of the leading UHNW countries and cities.
  • Top findings include:
    The global UHNW population grew 1.7% in 2020 to 295,450 individuals.
  • San Jose (California) has the highest density of UHNW individuals, with one for every 727 city residents.

City National Bank Hires Private Banking Team in Philadelphia

Retrieved on: 
Tuesday, June 29, 2021
Financial services, Economy, Finance, Banking, Distribution of wealth, Private banking, Philadelphia, ING Group

PHILADELPHIA, June 29, 2021 (GLOBE NEWSWIRE) -- City National Bank announced today that it has hired a new team of private bankers to serve the greater Philadelphia area.

Key Points: 
  • PHILADELPHIA, June 29, 2021 (GLOBE NEWSWIRE) -- City National Bank announced today that it has hired a new team of private bankers to serve the greater Philadelphia area.
  • Our expansion into Philadelphia reflects strong demand for the highly tailored financial solutions, personal service and sophisticated capabilities that City National is known for, said Kelly Coffey, CEO of City National.
  • Im excited to welcome this team who will lead our expansionof the private bank within the greater Philadelphia market, said Brandon Williams, senior vice president and eastern regional manager of City Nationals Private Banking group.
  • This news of the Philadelphia team comes on the heels of City Nationals recent announcement about the new national head of its Private Banking division, Abel Montaez.