12/28/2013
Swiss private banking in clinch with high cost level
Nevertheless, the biggest wealth managers lost some market share to medium-sized competitors. Post-crisis low turnover and low interest rates still put pressure on returns, while cost levels remained sticky.
12/23/2013
The deal has been anticipated for years, ever since the Belgian government bailed out KBC for $9.5 billion during the financial crisis of the late 00's.
12/23/2013
As a result, WAY will continue to focus on the core business of trust management.
12/23/2013
The loan is a two-year loan and bears interest of 10%, payable monthly
12/20/2013
Aberdeen Asset Management's veteran deputy chief executive Andrew Laing has enjoyed a £5.4 million payday as he became the latest senior figure at the acquisitive fund manager to cash in stock.
12/20/2013
Kleinwort Benson Announces Update on Regulatory Process for Proposed Acquisition of BHF-BANK
This information has already been provided.
12/20/2013
Brooks Macdonald Group Acquisition
Option Agreement to Acquire Levitas Investment Management Services
12/20/2013
UBS takes big stake in Ashcourt Rowan
The news follows an announcement by Ashcourt that it had entered into an agreement to buy UKWM, a north west England-focused discretionary and pensions management group, for £14.25 million. It ensnare
12/20/2013
Towry acquires Lighthouse subsidiary AR in £500k deal
The firm said: “Having been approached and concluded that the holding was not strategic in nature, the group accepted the offer made for its shareholding in Deverill Black.”
12/19/2013
Ashcourt Rowan is looking to grow its assets under management from £3.7bn to £10bn in the next three to five years following its deal to acquire adviser firm UK Wealth Management for up to £14.25m.
12/19/2013
Jersey’s financial services credentials highlighted to senior UAE and Qatar professionals
Jersey’s role as a partner jurisdiction for wealth management, banking, corporate and funds work in the Middle East was highlighted to audiences of senior finance professionals at two key events in the Gulf region this month.
12/19/2013
Wealth management firm to run Investment Quorum discretionary funds
Six risk-rated discretionary portfolios to be outsourced to Ingenious Asset Management.
12/18/2013
Old Mutual Wealth is in talks to buy adviser network Intrinsic, Money Marketing understands.
12/18/2013
After hiring 13 professionals in 2012, Aeschlimann raised his bet by hiring a further four in 2013, including Anu Narula, his new head of global equities, who arrived from Axa Framlington.
12/18/2013
It revealed that almost half of the Irish workforce was forbidden from using social networks during business hours, while the rest were sometimes reluctantly permitted to do so.
12/17/2013
Buyers spent more than $8 billion since Dec. 31 as they absorbed businesses that oversee money for affluent individuals and families.
12/17/2013
Founded in 2011 by a group of former PwC professionals, HVK is an independent consultancy firm in the areas of Tax Advice, Tax Structuring, Family Office Services, Legal & Notarial Services and Financial Advisory Services.
12/17/2013
The European Banking Authority, the European Union's banking watchdog, said on Monday the share of bonds issued by sovereigns under stress held by their domestic banks had "increased markedly" between December 2010 and June 2013.
12/17/2013
In the five years since the collapse of Lehman Brothers led to the global economic crisis the number of expat bank accounts have shrunk, most notably in the UK.
12/16/2013
Gottex said it remained on the look out for new partners to widen its distribution.