07/17/2019
Arbuthnot profits surge 24%, but loans slump on pricing war
Arbuthnot Latham & Co’s pre-tax profit surged by 24% in the first half of the year, but new written loan volumes slumped by a third as market competition intensified.
Wealth and Asset Management
07/17/2019
Maitland Luxembourg head receives prestigious Grand Duchy award
The Minister of Finance, on behalf of the Luxembourg Grand Duke, presented the award to John at a private awards ceremony for services to the Luxembourg financial industry over the past 25 years.
07/16/2019
Charles Stanley and Brewin partner with newly formed DFM
It will operate two model portfolio ranges with a mix of passive and active approaches
07/16/2019
GAM: Update on ARBF Liquidation
GAM’s priority throughout the liquidation process has been to maximise liquidity and value for its clients
07/16/2019
Isle of Man-based corporate services provider joins SMP Group
A well-respected service provider on the Isle of Man, delivering corporate, tax, and accounting services to a broad range of clients.
07/16/2019
HSBC Malta launches €250m International Business Fund
HSBC’s global reach and expertise help approximately 1.5 million business customers
07/16/2019
Sesame adds Investec Private Bank to panel
The private bank specialises in mortgages for high net worth individuals
07/16/2019
VP Bank increases first-half earnings
These are unaudited figures pursuant to provisional calculations
07/16/2019
2017 to 2019: How 50 Cities Scored on Supporting Women Entrepreneurs Then to Now
Building on annual research since 2010, Dell Technologies ranks cities based on the impact of local policies, programs and characteristics in addition to national laws and customs to help improve support for women entrepreneurs and the overall economy.
07/15/2019
Rothschild & Co named the World’s Best Independent Investment Bank
The Best Independent Investment Bank award recognises the strength of Global Advisory's achievements in the last 12 months worldwide.
07/15/2019
J. Safra Sarasin Group completes the acquisition of Lombard Odier’s Private Banking Business in Gibraltar
The attractive client base and their experienced relationship managers are an excellent fit with J. Safra Sarasin’s private banking business and its comprehensive offering of investment services and trading capabilities.
07/15/2019
Santander brews up first UK 'work café' for small businesses
It has since grown to a 50-strong chain of work cafés, spanning Spain, Portugal, Brazil and Argentina.
07/14/2019
ABN AMRO cuts funding for new rough purchase; sends letter stating the same to the diamond trade
Stating continued lack of profitability as a reason, ABN AMRO sent a letter to the industry stating that it will withdraw support for new drawings under current rough purchase sub-limit
07/14/2019
Deutsche Bank’s sprawling art collection left untouched despite cost-cutting drive
City staff who lost their jobs last Monday would have walked out of a reception decorated with a piece of stainless steel art by Anish Kapoor (ironically titled Turning the World Upside Down) as well as one of Damian Hirst’s renowned “spot pai
07/12/2019
Schroders Personal Wealth to launch exclusive multi-asset range for clients
The funds are run on an open architecture basis and are manager of managers strategies
07/11/2019
'Nouveau riche' present key opportunity for wealth managers
Total global wealth is set for solid growth over the coming years, particularly China and India. New analysis from Boston Consulting Group has explored various options for wealth managers to increase their customer base.
07/11/2019
Edmond de Rothschild acquires 34% of quant asset manager
With a research and management team of around 10 experts, Eraam specialises in seeking absolute performance through factor management using a proprietary, disciplined and transparent approach.
07/10/2019
GAM Holding AG provides an update on first-half 2019 results
GAM confirms that it is on track to sell the remaining ARBF assets on or before 15 July 2019 and will update the market upon completion.
07/10/2019
IQ-EQ’s leisure business FNTC acquires VOTA to expand services in United States
FNTC and FNTC America Ltd are both wholly owned subsidiaries of IQ-EQ, a leading investor services group that supports fund managers, global companies, family offices and private clients operating worldwide.
07/10/2019
Charles Stanley outflows offset by performance gains
Charles Stanley’s “higher margin” discretionary service saw funds grow 3.8 per cent, while advisory managed and execution-only funds were flat.