05/18/2012
Lloyds sent bankers on luxury spa break
Executives from the bailed-out Lloyds Banking Group were sent on a luxury spa break to teach them how to be more effective “hunter-gatherers in the corporate jungle".
Wealth and Asset Management
05/17/2012
Are wealth firms sacrificing client relationships?
Research from consultancy MDRC certainly suggests this, with satisfaction among advisory clients outpacing that of discretionary clients in 2011.
05/17/2012
Investors to receive binding powers on pay
In an interview with the Financial Times, EU commissioner Michael Barnier said investors should have the voting powers to curb ‘morally indefensible’ executive pay growth.
05/17/2012
Structured products: investors chain down collateral from banks
Anna Sofat, founder of wealth manager Addidi, said she has used structured products backed by banks that she feels secure with, and does not exclude these higher-quality products in favour of collateralised types.
05/17/2012
RBC, Credit Suisse among bidders for BofA wealth units
The deal would be the biggest in the wealth management industry since ING Group sold its private banking assets in Europe and Asia in 2010
05/17/2012
Investec wealth assets up £8bn after Evolution acquisition
Profits dip in wealth and investment division as restructuring and unit sales costs take toll.
05/17/2012
Curmi & Partners and Morgan Stanley to explore Wealth Management Opportunities
Curmi & Partners will this evening be hosting an event with Morgan Stanley to explore wealth management opportunities in Malta.
05/17/2012
Private Client Financial Industry Award Reception Doubles Attendance
As part of Private Client Practitioner’s Top 25 series, the Top 25 Law Firms aims to identify, recognise, introduce and promote the Top 25 Private Client Law Firms, in the UK and UK offshore
05/16/2012
Banking lobby warns of risks from capping bonuses
Bankers often receive a bonus of several times their basic annual salary but the European Parliament's economic affairs committee agreed on Monday that bonuses should not be higher than a banker's fixed pay.
05/16/2012
Deloittes gear up for the Olympics
A team of employees from Deloitte are gearing up for the Olympics by taking to their saddles and tackling the official Olympic cycle route before the London 2012 athletes.
05/16/2012
UBS needs more than just an EM figurehead
Rob Jolliffe's appointment to lead UBS's emerging markets efforts is an eye-catching move but will do little to mask some of the underlying weaknesses it has in that business.
05/16/2012
Thames River brand to be scrapped on retail funds
Boutique’s owner F&C moves to bring the business under its banner.
05/15/2012
Cameron’s Cuts Widening North-South U.K. Wealth Rift: Mortgages
Prime Minister David Cameron’s effort to slash Britain’s record budget deficit is widening a housing and wealth gap between the north of the country and the London area.
05/15/2012
Wealth Check: 'How can we put a bit aside to enjoy luxuries?'
The couple live in Crowborough, East Sussex and like most people their biggest outgoing is their mortgage.
05/15/2012
Coutts appoints Head of Products and Services in Asia
Most recently he was Managing Director and Head of Wealth Management Sales across Asia Pacific for HSBC.
05/15/2012
Vestra's Scott: RDR unlikely to cause seismic shift
Speaking to Wealth Manager, the former UBS director said: ‘Part of me does not think the post-RDR world will be dramatically different
05/15/2012
The tax cap is in danger of deterring innovative philanthropists
Meanwhile, a second arm of government – the Treasury – continues to defend its plans to end unlimited tax relief on donations that a growing coalition of philanthropists and charities argue will greatly reduce existing levels of giving. t
05/15/2012
Northern Trust secures UK charity mandate
The Nesta Trust inherited the assets of the former National Endowment for Science, Technology and the Arts on 1 April 2012.
05/14/2012
Millionaire financier under investigation over £5m 'fraud
Mr Ruffle, who grows wine at his Chinese castle, worked on the funds when the transactions took place.
05/14/2012
Bankers fight new EU cap on bonuses
Brussels sources indicated that there is a high probability that the resolution will be passed, which would then need to be ratified by the European Commission before becoming law.