03/13/2013
Family office for wealthy Russians joins ABS ranks
Red Square London, based in Pall Mall, operates a family office-style multi-disciplinary legal and business consultancy
Wealth and Asset Management
03/13/2013
Barclays demonstrates commitment to UK expansion with new office in Yorkshire
It is the sixth Wealth and Investment Management office opened by Barclays in the past eighteen month
03/12/2013
FSA's Wheatley Says Concerned by Wealth-Management Review
Wheatley, who will lead the FCA, said he will set up a wealth-management supervision department to increase oversight.
03/12/2013
Sovereign wealth funds to hit record $5.6 trln by year end
"Non-commodity funds are capturing an increasing share of SWFs' assets, a trend that is likely to continue."
03/12/2013
Brooks Macdonald adjusted pre-tax profits up 30%
Revenues rose by 23% to £31.46m and the interim dividend of 6.5p per share is 8% up on last time.
03/12/2013
Feeney appointed to Old Mutual executive committee
Feeney will join the Old Mutual group executive committee from 1 April alongside Ralph Mupita who is chief executive of Old Mutual Emerging Markets and Carlton Hood, group customer director.
03/11/2013
Wealth managers weather RDR pressures to post record growth
A pick-up in the markets contributed to growth in underlying assets."
03/11/2013
Brooks Macdonald plans Midlands office
The Midlands represents the last remaining geographical gap for the business, which has recently gained a presence in the Channel Islands after acquiring Spearpoint.
03/11/2013
Lloyds Bank Sells Part of Stake in Wealth Manager
The move comes just weeks before the Bank of England is set to outline the scale a multi-billion pound capital shortfall for U.K. lenders.
03/11/2013
It’s so unfair, say 'under-paid’ bankers
Almost two-thirds of London bankers think they were underpaid last year and half believe they have been treated unfairly.
03/11/2013
EFG to sell stake in spin-off to Notenstein for $74 mln
This transaction is expected to result in an exceptional accounting gain of approximately CHF 37 million in EFG International's 2013 financial statements.
03/11/2013
Close Brothers' wealth arm back in profit
Overall income on assets increased 9% to £36m, corresponding to an improved revenue margin on total assets of 84 basis points, the group said.
03/11/2013
Credit Suisse on verge of selling JO Hambro IM
After a series of talks the investment bank has now whittled down the list of interested suitors to just one.
03/11/2013
Arbuthnot launches commodity trading desk
‘It is a pure, non-advised execution-only service for clients, and we will not be trading our own book.’
03/11/2013
UBS seeks to expand private banking in Italy with acquisition
The Italian wealth manager said last week that it’s reviewing a report by the Bank of Italy into the reserves it set aside for deteriorating credits that are backed by real estate.
03/10/2013
WealthBriefing Awards - Taylor Wessing's Private Client team shortlisted for 'Law Firm of the Year'
Winners will be announced at a ceremony taking place on 2nd May 2013 at the Royal Courts of Justice.
03/10/2013
This is how Ireland's super-rich are now investing their billions
"They realise that they need to invest their money in something where it will beat inflation."
03/10/2013
HNW investor confidence surges to three-year high
The group reports that 53% of its HNW clients - who each have investable assets of more than £1m
03/08/2013
Raiffeisen Bank Considers Buying Citibank Romania Part
Raiffeisen is interested in the unit's private and corporate business
03/07/2013
Van Lanschot to review strategy after major loss
Underlying profit of € 2.0 million in difficult market conditions