02/26/2014
Clients redeemed $10.2 billion, or 13 percent of the company’s average assets, in Ashmore’s fiscal first half because of withdrawals in some fixed-income and currency investments, according to the statement.
02/26/2014
All management and key staff will retain equity interests in R&M Group.
02/26/2014
Italy's asset management industry had net outflows of 1.512 billion euros in January against outflows of 582 million euros in December
02/26/2014
Wealth Management net income was $235 million, up $6 million or 3% compared to last year, mainly due to higher average fee-based client assets resulting from capital appreciation and strong net sales.
02/26/2014
A new proposal, currently under review by home secretary Theresa May, could revolutionise the UK "investor" visa, creating billions of pounds worth of inward investment for the UK.
02/25/2014
Private equity real estate firm wins €300m of mandates for new family office venture
The business will target residential development, secondary shopping centres, healthcare in the UK and three-star hotels in London, with a typical deal size of £50 mln and above.
02/25/2014
St James's Place eyes up Asian business as profits jump
In advanced talks to acquire international adviser business in Asia
02/25/2014
Close Brothers Asset Management has launched a multi-employer master trust, known as YourWorkplacePension, to support SMEs approaching their auto enrolment staging dates.
02/25/2014
F&C has warned investors that its revenues will be lower than expected this year, ahead of its planned takeover by Canadian giant Bank of Montreal.
02/25/2014
Private equity firm ISIS Equity Partners has acquired a minority stake in specialist loan distributor Enterprise Finance.
02/24/2014
HSBC profits rise for 2013 thanks to cost-cutting
HSBC has reported a 9% rise in profit for last year, boosted by cost cuts as it restructured the business.
02/24/2014
HSBC hands allowances to more than 1,000 bankers to avoid EU bonus cap
Britain's biggest bank, HSBC, has risked inflaming the row over City pay by saying it is to award more than a thousand of its top staff allowances to avoid the EU bonus cap.
02/24/2014
BDO Unibank Inc., the Philippines' largest bank by assets, said Monday it has signed a deal to acquire Deutsche Bank AG's Philippine trust business.
02/24/2014
Walker Crips is launching a new brand, Walker Cambria, to offer services designed specifically for the Welsh market.
02/24/2014
HSBC Holdings Plc, Europe’s largest lender, said full-year earnings at its private bank dropped 81 percent as customers pulled money from its Swiss cross-border business and the firm made provisions for regulatory probes.
02/22/2014
HSBC will announce staff bonuses totaling just under 2.4 billion pounds globally for 2013 and is expected to report a significant rise in pretax profit,
02/21/2014
The combined company will be well-positioned in two of the largest and fastest growing wealth management markets in Western Europe; the UK and Germany.
02/21/2014
The bank, which is being readied for an eventual initial public offering, said 2013 marked the bottom of the economic cycle and that it sees signs of a recovery.
02/21/2014
The average annual management charge (AMC) for WealthSelect funds is 0.52%. The cheapest deal Skandia has negotiated is at 0.35% and the highest is at 0.70%.
02/20/2014
The appointment comes after the restructuring fund announced Friday that Goldman Sachs Group Inc. would advise it on a broad strategy on the privatization of Bankia.