10/18/2012
UBS Said to Widen Job Cuts to 400 at Investment Bank
UBS is considering cuts in equities and fixed income as it trims its merger advisory staff
Wealth and Asset Management
10/18/2012
Brooks co-founder steps down from board as FUM jumps 6.5%
As at 30 September 2012 discretionary funds under management totalled GBP £3.751 billion.
10/18/2012
Banker’s death plunge shocks family
Nico Lambrechts, 46, an investment analyst with Investec Asset Management in the British capital, who studied at Stellenbosch University, died last Wednesday after falling 25m from an exclusive open-air restaurant.
10/18/2012
Emerging Signs of an Uptick, but Luxury Industry not Convinced
A new report produced by Ledbury Research reveals some green shoots in wealthy consumer sentiment, as the outlooks of the most influential CEOs in the luxury industry continue to fall.
10/18/2012
European Wealth boosts assets £120m with adviser buyout
The company has grown its asset base from an initial £20 million to a current figure of around £500 million. Bradley Stuart last year delivered turnover of around £1.28 million.
10/18/2012
Northern Trust's quarterly net up on higher fee
Assets under custody rose 14% to $4.761 trillion while assets under management increased 16% to $749.7 billion.
10/18/2012
Deutsche Bank Private Wealth Management joins Suggestus
Following an extensive due diligence process, DB PWM has also been awarded the ARC Approved Due Diligence Kitemark.
10/17/2012
Bellpenny snaps up six advisory firms
New advisory firm Bellpenny will bring a “fresh and forward-looking approach”
10/17/2012
Charities should set an example on ethical investment, survey of investors finds
Three in five say charities should take the lead on 'stewardship' issues, but Penny Shepherd of Uksif says not enough of them are signed up to the Financial Reporting Council's stewardship code
10/17/2012
AXA Wealth bares all - full RDR product charge details now available
AXA Wealth has announced the full details of its post-RDR product changes and how the transition from present to future will work.
10/16/2012
Rathbone moves clients into super clean RDR-ready share class
Since late September the firm has switched £200 million of assets out of retail and institutional share classes into even cleaner new RDR-compliant share classes.
10/16/2012
Ex-Credit Suisse, SocGen bankers to launch Paris boutique bank
"We're in a new environment which will permanently transform the investment banking profession and in which there is a much greater potential for independent players,"
10/16/2012
BNP Paribas Wealth Management reaches milestone
BNP Paribas Wealth Management has now passed an initial milestone
10/15/2012
JPMorgan's Investment Banking Pay Pool Is...
What does this tell us about 2012 bonuses?
10/15/2012
Former Credit Suisse Banker Creates M&A Boutique
He was co-head of Credit Suisse AG’s investment bank in France, Belgium and Luxembourg since 2009, after spending more than 15 years at Morgan Stanley.
10/15/2012
Almost half of financial advisers believe the industry has not done enough to survive RDR - Heartwood
Almost half (43%) of financial advisers do not feel confident that the industry has accepted the need to make fundamental changes to its business models to survive the changes imposed by RDR, according to new research from Heartwood, the independently own
10/14/2012
Leading Swiss Private bank to slash 10,000 jobs
Swiss newspaper Tages-Anzeiger, citing internal documents, reported the bank plans to lay off almost a quarter of its 8,200 staffers in the IT department. It says that is likely to be followed by wider cuts, possibly affecting a fifth of the company'
10/14/2012
Aberdeen Asset opens New York office
The New York office will serve as a business development and marketing center and complements Aberdeen’s North American headquarters in Philadelphia, as well as the company’s on-the-ground business development presence in Chicago, Miami, San F
10/11/2012
Plan to tax art sparks new fiscal row in France
A push to extend France 's wealth tax to artworks is stirring up a new fiscal flap
10/11/2012
Hargreaves Lansdown reports record AUA and revenue
Record level of Assets Under Administration, increasing by £2.2 billion in the three months to 30 September 2012 to £28.5 billion.