05/14/2014
Pictet launches Diversified Alpha multi-strategy fund
The Diversified Alpha investment committee is chaired by Pictet head of total return equities Philippe de Weck
Wealth and Asset Management
05/14/2014
Societe Generale Securities Services appointed by Wells Fargo Asset Management as its Correspondent Bank in Italy
SGSS was selected for its widely-recognised expertise as a correspondent bank and its capacity to accompany Wells Fargo Asset Management
05/14/2014
Pimco outflows dent Allianz asset management earnings
German insurer Allianz saw 21.7 billion euros in net investment outflows from its bond fund manager Pimco in the first quarter, hurting performance fees and contributing to a 28 percent decline in asset management operating profit.
05/14/2014
Rathbones buys law firm as it continues hunt for opportunities
Our outlook remains optimistic with the impact of recent acquisitions expected to have a positive effect on earnings in 2015
05/14/2014
Pimco troubles hit Allianz's net profit
Allianz SE's said Wednesday that first-quarter net profit fell 4% as a weaker contribution to earnings from its asset management business outweighed falling claims costs and revenue gains.
05/14/2014
Positive quarter for Rathbone Brothers
Funds under management grew strongly in Rathbone Unit Trust Management
05/14/2014
PwC & ING to launch new 'sporting family consulting service'
The shared expertise and philosophy that PwC and ING are offering will provide a fresh approach and we’re delighted that they’ve chosen Soccerex as the event to present it to the industry.
05/14/2014
Oh no it's a 'Yes'! What wealth managers are telling Scottish clients
Not only will the political fallout from independence be immense, it could also have major financial implications
05/14/2014
Rothschild closes Five Arrows credit fund on €415m
The fund adds to the series of debt vehicles to have closed successfully in recent months, on the back of strong investor demand for credit solutions.
05/14/2014
New consultancy company targets international wealth management industry
He has returned to the industry with the launch of his own business consultancy company, Landmark Financial Solutions.
05/14/2014
Will Barclays ultimately regret its sub-500k decision?
The decision, made last November, resulted in a 35% reduction in its private banker head count
05/13/2014
SEI Wealth Platform Extends Strategic Partnership With Towry
SEI announced today that Towry, the wealth adviser, has extended its contract with the company for an additional seven years, until July 2021.
05/13/2014
Wealthy property investors set to target less obvious city locations, report suggests
Melbourne, Tel Aviv and Chicago could outperform other prime property markets in top world cities in the next few years as global investors seek alternative locations, it is claimed.
05/13/2014
London brokerage sets up wealth management arm
London-based brokerage has launched a new wealth management arm.
05/13/2014
Baillie Gifford 'committed' to remaining in Scotland after referendum
Baillie Gifford says it is “committed” to staying in Scotland irrespective of the outcome of the referendum on independence this September.
05/13/2014
Société Générale Pledges to Revive Growth, Helped by Russia
French bank Société Générale SA pledged Tuesday to lift profit over the next three years, saying Russia will be among the main growth drivers.
05/13/2014
Harrods Bank set to launch into the broker market
It currently provides mortgages on variable rate interest terms
05/12/2014
Barclays Wealth arm folded into retail unit
Barclays Wealth & Investment Management will cease to exist as a standalone business as part of a strategic overhaul aimed at improving profitability.
05/12/2014
Bank of Montreal could scrap historic F&C brand
Canada’s Bank of Montreal could scrap the historic F&C brand, potentially bringing the 146-year history of one of the oldest names in London’s fund market to an end.
05/12/2014
Julius Baer gaining new foothold in the Netherlands
Julius Baer has acquired a well-established business in the Netherlands. Merrill Lynch has run wealth management activities in this market for more than 50 years shifting its focus to private banking and servicing high net worth individuals in the early