05/22/2012
Private banks are known for their traditional, conservative ethos and European private banks in particular have always trumpeted their long and proud histories - old fashioned client service, together with the warm fuzzy feeling that comes from knowing yo
05/22/2012
Investec Wealth & Investment is to integrate its investment process with that of Williams de Broë (WdB) by September, Wealth Manager can reveal.
05/22/2012
The combined wealth of the richest 1,000 people in the UK rose 4.7 per cent last year, surpassing a previous high set before the 2008 financial crisis. The result is a new global elite, living lives of luxury and privilege the rest of us can hardly fathom
05/22/2012
Women working in the City earn 21pc less than their male counterparts, new figures on the gender pay gap show.
05/22/2012
Louis Vuitton, the French maker of laminated canvas handbags, was named the world’s most valuable luxury brand for a seventh consecutive year.
05/22/2012
Stuart Gulliver, HSBC’s chief executive, has said the bank had decided to drop “indefinitely” plans to look at moving its headquarters from London to Hong Kong.
05/22/2012
Chief Executive Officer John Stumpf, 58, is plowing resources into businesses such as asset management as new global bank regulations and record-low interes
05/21/2012
Seven Investment Management is enabling advisers to take deposits and offer clients loans through its platform.
05/21/2012
Credit Suisse weighs up JOHIM sale
Credit Suisse, the Swiss banking group, is considering the sale of JO Hambro Investment Management, its UK private client wealth management business.
05/18/2012
Self-evidently, the big attraction for banks is that rich people have more money to invest and spend on advice than poorer ones.
05/18/2012
Bellpenny will use a business model based on acquiring existing IFA firms and asset aggregation and will offer restricted advice.
05/18/2012
Rupert family-controlled Richemont, which owns luxury brands such as Cartier and Piaget, said on 16 May that operating profits for the year ending 31 March increased by 51% to €2.04 billion.
05/18/2012
The changes follow the bank’s decision to differentiate its wealth management and private banking teams ahead of the RDR.
05/18/2012
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".
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
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
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
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
Profits dip in wealth and investment division as restructuring and unit sales costs take toll.
05/17/2012
Curmi & Partners will this evening be hosting an event with Morgan Stanley to explore wealth management opportunities in Malta.