09/14/2017
Old Mutual Wealth's Feeney on the managed separation road
It also revealed that Old Mutual had put £200 million into the wealth arm to prepare it for its planned spin-off.
Wealth and Asset Management
09/14/2017
From IPO to IPO: 10 years in the life of Smith & Williamson
We highlight the major events at the company since it abandoned initial float plans.
09/14/2017
Erste Bank Hungary to merge investment, private banking arms
The new division will offer the benefits of independent securities market services while taking advantage of its banking foundation.
09/14/2017
Funds boutique on buy hunt as revenue doubles
The launch of the Long-Term Investment Solutions platform, and the first close of BSIF on 16 June 2017 at £150 million, was a milestone for the Group.
09/12/2017
Former Gartmore owner approached about Old Mutual funds deal
Hellman & Friedman is among a group of investors being asked to look at bids for part of OMGI, Sky News understands.
09/11/2017
'Loud wake-up call' for private banks as profits tumble
The report also suggested tougher regulation to stop private banks helping the wealthy evade tax has hit earnings.
09/11/2017
Openwork to fund two-year training for mortgage brokers to become wealth advisers
The need for mortgage advisers to have a wider knowledge of financial planning has been highlighted by much of the industry to help support later-life lending in particular.
09/11/2017
Taylor Vinters awarded ‘Gold Employer Partner’ by STEP
Members of STEP assist families in all aspects of future planning, including wills, inheritance, the vulnerable and estate management.
09/08/2017
How Standard Chartered Lost $400 Million on Risky Diamond Debt
The bank thought it would be a good idea to expand a unit making loans secured by the jewels. Now it wants out.
09/08/2017
Up to 70 Swiss private banks fighting for survival
But many of the affected banks will ultimately have to exit the market, the study concluded.
09/08/2017
Ex-Towry investment head unveils new venture
The partners in Lockhart will all be co-investing with clients of the firm in each of the investments.
09/07/2017
How much did LGT Group pay for Vestra Wealth?
The 75% holding was purchased primarily from Vestra’s original external investors.
09/06/2017
SJP and HSBC ditch contracts with disgraced PR firm
It used Bell Pottinger on specific contracts in the past but will no longer do so.
09/05/2017
Syz Asset Management Furthers Foreign Expansion
The great pool of wealth available in Spain was the main driver for Syz to seek the expansion, the company said.
09/05/2017
Acquisitions boost Mattioli Woods profits
We believe our capabilities as trusted adviser, administrator, product provider and asset manager allow us to deliver improved and sustainable client outcomes.
09/04/2017
China’s Legend Holdings to buy Luxembourg bank from Qatar’s Precision Capital
Chinese companies have become increasingly interested in European banks despite the sector’s low profitability.
09/04/2017
Old Mutual Wealth splits funds unit into two
OM Wealth said it will now work with the management of Old Mutual Global Investors to examine “internal and external structures for the single-strategy business to continue to develop it further.”
09/04/2017
Private bank accused of witch hunt
She has hit the firm with a tribunal.
09/04/2017
Wealth managers begin to outsource in drive to cut costs
Mid-tier companies react to tightening operating margins and rising compliance costs
09/04/2017
SYZ Asset Management opens office in Madrid
The opening of the Madrid office is another step in the Group's drive to strengthen its client service and business development capabilities.