07/16/2012
Founded in 2002, Midas was one of the front-runners in multi-asset fund management: combining a range of different asset classes including government bonds, equities, fixed interest, property and alternative investments, in a single fund.
07/16/2012
These include competition for the assets themselves, potentially tighter regulation on risk-taking as ‘shadow banks', and possibly also unrealistic expectations from some clients of the returns achievable from the assets.
07/16/2012
Bloomberg reports that the unit set aside $4.91bn for pay in the first six months of the year, enough to compensate each of the 26,553 employees an average of $184,989 for the period, according to figures posted on the firm's website.
07/15/2012
The asset management arms of banks, many of which are keen to sell, are likely to head the list of acquisition targets.
07/15/2012
Royal Bank of Scotland-owned Coutts, which has served as banker to the Royal Family since the 18th century, said it had no evidence that client confidentiality had been compromised.
07/12/2012
The survey, which asked over 12,000 people whether they agreed with the statement "most rich people in my country deserve their wealth," found that this year nearly 15 percent strongly agreed and 28 percent agreed versus 12 percent and 27 percen
07/12/2012
Families in the top bracket had a total wealth of £4.5 trillion in 2008-10, whereas those at the other end of the scale only had £8 billion, an Office for National Statistics (ONS) study found.
07/12/2012
Under the terms of the agreement, Kairos will acquire Julius Baer Sim, while the Swiss group will have a 20% share in the asset manager.
07/12/2012
Next season, the 21st since the league was founded in 1992, kicks off on Saturday, 18 August.
07/11/2012
Heartwood, a wealth management services company, has mandated Cofunds as custodian for £130 million of its funds.
07/10/2012
BSI had CHF77.7bn ($79.4bn) assets under management (AUM) in 2011, making its private banking business comparable in scale to the non-US wealth management unit of Bank of America Merrill Lynch with $90bn AUM.
07/10/2012
His recruitment follows on from the recent appointment of Andrew Wheeler as executive director, business development, Valentina Tacchino as head of private wealth management international and Clive Wright as head of private wealth management offshore.