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Cliff has also ended his link with Neptune and it is not known whether he has taken up another post in the industry.

Abberley noted that growing revenue and building operational efficiency will also be a central focus.

Around a hundred bankers, lawyers and economic advisors took part.

Previously the unit offered a separate, stand-alone service to wealthy clients.

Assets under management rose 41% to £819 million, while headcount rose from 90 to 112 over the year.

Harwood is growing through a mix of both organic growth and acquisitions.

Wealth management assets climb £49bn in a year

Simple, automated and real-time integration with other B2B and B2C applications

The firm has previously set its sights on £1 billion of assets.

Tavistock said it has expanded its fund range following demand from clients for asset-specific portfolios.

More than half of the wealth managers failed to provide a breakdown of costs even after SCM Direct pressed them for further details.

In April Frenkel Topping, which specialises in advice on clients who have had personal injury pay-outs, put itself up for sale.

It says a lot about the man who then went on to lead an MBO of wealth manager Lawrence Scoffield.

Roland Berger mapped out the net revenues as a share of AuM for several of the globe’s largest players.

Norway is right to object to companies with few voting rights winning equity-index status.

It’s very broad, very competitive and I’d be surprised if there were more in any other city outside London.

They won’t legally remain Deutsche Bank staff and instead become employees of Deutsche Asset Management.

The Zurich-based company now aims to expand abroad and has opted for Germany to take a first step outside of the Swiss home market.

Minister for Commerce, Albert Isola, believes the event will be a thoroughly worthwhile experience

Managing director of RBC's Americas private wealth team Martin Heale will head Schroder Wealth Management (US) team when he joins the firm in August.