09/23/2014
Wealth managers take profits after frontier markets reshuffle
Fund buyers are taking profits in frontier markets after the recent reshuffle of constituents and a strong run of performance.
Wealth and Asset Management
09/22/2014
UK mortgage clampdown threatens to put squeeze on rich buyers
James Fleming, Arbuthnot Latham chief executive, said the proposals would have “a disproportionate impact on smaller specialist lenders and would restrict us from being able to provide some elements of our banking services which are important to our
09/22/2014
Net Promoter Score confirms Private Bank’s standing with its clients
The Net Promoter Score is a loyalty metric which gives an indication of how clients represent a company to their family, friends, colleagues and associates.
09/22/2014
Lombard Odier in £2.7m legal row with ex-London hedgie
He is said to be looking for £2.7 million in compensation in relation to the management of a $500 million hedge fund, LO AOG Energy.
09/22/2014
Old Mutual Wealth scraps Skandia brand
The company’s offshore investment business Skandia International will be rebranded to Old Mutual International early next year.
09/22/2014
Julius Baer eyes Coutts international arm, wary of bidding war
Swiss private bank Julius Baer is interested in acquiring Coutts International, a unit of Royal Bank of Scotland, but will not get into a bidding war for the venerable British bank's overseas arm
09/22/2014
Barclays picks hedge fund platform founder to head wealth unit
With over 35 years' experience in the financial services industry he joins from InfraHedge which he founded in 2010 and was acquired by State Street Corporation at the end of 2013
09/21/2014
Rise of the new private banking clubs
Some banks still operate that way, but high street brands have also entered the market, offering “premier banking” and a relationship manager.
09/21/2014
Myth Busting Family Businesses - KPMG
When most people think of a “family business”, their mind instantly turns to some version of a little corner shop, most likely run by a husband and wife. If not that, as there are famous examples of very successful family businesses, then most
09/19/2014
Analyst says pension rules good for wealth advisers
Wealth adviser St James’s Place is in a strong position to take advantage of the government’s changing pensions and Isa rules
09/19/2014
Where the biggest banking bonuses will be this year
Currency traders are expecting a £63,000 fall in bonuses amid an industry rigging scandal, while commodities trader pay-outs are expected to be up £38,000
09/19/2014
Wealth managers are having to merge to survive as regulation gets tighter
When Schroders, one of the UK’s oldest asset management companies, bought fellow City institution Cazenove in July 2013, the world of finance was shocked.
09/19/2014
The Skandia Scandal: Whose Fault? by Henrich Greve, INSEAD Professor of Entrepreneurship
Reputations are valuable and easily tarnished even by association: a little care and attention can help.
09/19/2014
Antwerp Diamond Bank Faces Liquidation as Sale Stalls
A KBC spokesperson declined comment, citing confidentiality, but said the bank would make a statement “if there was relevant news.” Antwerp Diamond Bank CEO Pierre De Bosscher and Yinren did not respond to requests for comment.
09/19/2014
STEP Private Client Awards 2014/15
Sir Michael Birt QC was honoured with the prestigious Lifetime Achievement Award
09/19/2014
‘The Zebra no longer has a thorn in its foot’ – Kosseff
The bank will face stiff competition in the UK, both from the private banking units within large High Street institutions, such as Barclays and HSBC, as well as established private banks like Coutts.
09/18/2014
IFA criticises shift to high net worth clients
Financial advisory firms who have been focusing on high net worth individuals to maintain profits since the Retail Distribution Review have been branded “short sighted” by Craig Palfrey, partner at Penguin Wealth.
09/17/2014
Efforts to tempt wealthy individuals to island increased
Guernsey is following in Jersey's footsteps with a campaign to attract wealthy people and their businesses to the island.
09/17/2014
Goldman and UBS miss out on Anglo's pot of gold
Goldman Sachs, UBS and Rothschild could have missed out on up to $25 million in fees after the proposed spin-off of AngloGold Ashanti fell through less than a week after being announced.
09/17/2014
Swiss Banker Urges Better Access to European Market
Switzerland should strike accords with European governments to secure better access for the country’s asset and wealth managers to clients in their major markets, according to the Swiss Bankers Association.