02/28/2013
Moscow is billionaires' capital of the world
Moscow has the greatest number of billionaires of any city in the world, according to a global rich list, with London in fifth place.
Wealth and Asset Management
02/28/2013
Rothschild raising 300 million euro loan fund
Rothschild already has 2 billion euros of leveraged loans under management, including five CLO funds.
02/28/2013
ABN Amro reports loss as restructuring completed
ABN Amro Bank NV said Friday it has completed a restructuring stemming from its troubled past
02/28/2013
Banca Privata Edmond de Rothschild Lugano absorbs Sella Bank AG
This acquisition enables Banca Privata Edmond de Rothschild Lugano SA to pursue its growth strategy
02/28/2013
Lloyds losses narrow to £570m in 2012
Lloyds Banking Group has narrowed its pre-tax losses for 2012 to £570m, from £3.5bn the previous year. The group, which is 40%-owned by the government, said its losses were primarily because of making provisions of £3.6bn for the mis-se
02/28/2013
Private banking awards: Because he’s worth it
Euromoney’s private banking awards dinner, held on February 21 at Plaisterers Hall in London, celebrated not only this year’s winners but also 10 years of the survey.
02/27/2013
Standard Life backs more investor say on executive pay
Last year saw a number of shareholders vote against pay packages in what became known as Britain's "shareholder Spring".
02/27/2013
RBC Wealth Management net income up 24%
Net income of $2,070 million (up 8% from $1,911 million)
02/27/2013
RBS absorbs Coutts regulatory costs to post wealth profit
RBS managed to absorb costly regulatory investigations into money laundering and the sale of an AIG fund at Coutts to post a wealth arm profit for 2012.
02/27/2013
UK Wealth manager ups dividend by a third
Total funds under management up 22% to £34.8 billion
02/27/2013
London mayor says EU bank bonus cap helps New York, Singapore
Bankers in Europe face a cap on bonuses as early as next year, following a provisional agreement in Brussels to introduce what would be the world's strictest pay curbs.
02/26/2013
Wealth Manager signs partnership with adviser network
Managed Portfolio suite available through national network for the very first time
02/26/2013
EFG International reports significant improvement in performance in 2012
Excluding non-recurring expenses, underlying net profit was CHF 142.5 million, up 71%.
02/26/2013
The Number’s Up For European Tax Evasion
The proposals were revealed by the European Commission
02/26/2013
Standard Life Wealth acquires Newton's private client division
The transaction is expected to more than triple SLW's discretionary assets, creating a private client wealth manager in the UK with increased profitability, significant scale and market presence.
02/26/2013
Barclays Imposes £450m Libor Bonus Hit
The Libor-rigging fallout continues for Barclays as it prepares to impose penalties on some employees over the financial scandal.
02/25/2013
Nucleus launches trusts to cater to family office trend
Firms were increasingly looking at on-platform solutions to carry out inheritance and family office planning, Nucleus said.
02/24/2013
Rathbones IM continues regional expansion
This new hub complements Rathbones’ established presence in Winchester and brings its total number of branches to 14 across the UK and Channel Islands.
02/24/2013
Two prestigious awards for Nedbank Private Wealth
The awards presented recently to Nedbank Private Wealth were an outright win of the category Best Private Bank for High Net Worth Clients US$1m to US$10m, and an equal first for Relationship Management, both for the Jersey region, under the Global Award C
02/21/2013
Nick Travis and Kevin O’Shea named in Citywire Wealth Manager’s Top 30 under 30
The entrants are decided on a combined basis of academic success, professional qualifications, and the impact they have had on the business they work for.