09/19/2012
Deutsche Bank eyes double profits after merger
Unveiling AWM's newly formed executive committee this week, the bank aims to reverse its recent poor performance which saw Q2 profits drop significantly.
Wealth and Asset Management
09/19/2012
Brooks Macdonald will operate a restricted model
Brooks Macdonald will operate a restricted asset management business and independent financial planning business once the retail distribution review is implemented, the firm has announced.
09/19/2012
Weatherbys launches HNW broker
Weatherbys has teamed up with Charles Hamilton to launch high net worth intermediary Weatherbys Hamilton.
09/19/2012
Deutsche Bank acquires BHF BankKleinwort Benson in German wealth foray
The transaction is subject to regulatory approvals.
09/19/2012
Generali to merge French and Italian AM businesses
The firm is carrying out a major restructuring process to create a new European asset management company, Citywire Global can exclusively reveal.
09/19/2012
Bankers' Bonuses 9% Lower Last Year
Despite a fall in bonuses paid in the financial sector, they remain markedly higher than in any other area of the economy.
09/18/2012
Natixis unveils structured products and volatility arm
The division proposes structured management, flexible asset allocation, active volatility management, model-driven equity management or long/short equity strategies, to provide solutions that combine performance generation with risk reduction.
09/18/2012
Handelsbanken's alternative to bonuses falls foul of UK taxman
Most of the Swedish bank's employees benefit from a profit-sharing scheme … apart from those working in the UK
09/18/2012
Incompetent bankers 'should be struck off'
Bankers who fail to come up to scratch should be "struck off" in a similar way to poorly-performing doctors, a consumer group has urged.
09/18/2012
AXA Wealth launch RDR support for advisers
AXA Wealth has launched FocalPoint, a new online RDR support hub featuring a series of modules designed to help advisers at every stage of their RDR journey.
09/17/2012
Private banks work wonders to lure the super-rich
"There is more to wealth than managing one's assets," said David Hughes, Head of Affinity Partnerships at Barclays, which oversees the Little Book of Wonders.
09/17/2012
Norway learns from Singapore in monetary management
The Supervisory Council of Norway’s national bank, Norges Bank, visited Singapore last week to learn more about investment strategies, capital markets, risk management and how Singapore manages its sovereign wealth.
09/17/2012
"Global Wealth Report" - RESEARCH
Today, Allianz unveiled the third edition of its "Global Wealth Report", which puts the asset and debt situation of private households in more than 50 countries under the microscope.
09/16/2012
Refusal to Adapt Is Killing Most Asset Managers
The report, titled Capturing Growth in Adverse Times: Global Asset Management 2012, provides the findings of BCG's tenth annual study of the worldwide asset-management industry.
09/16/2012
World UHNW Population Loses US$480 Billion
Wealth-X has launched the latest edition of its World Ultra Wealth Report.
09/16/2012
Custodians raid toolbox to build for the wealthy
Wealth management companies and private banks have cottoned on to something their cousins in institutional fund management have known for a long time: the value of a partnership with a large and steady custodian bank.
09/16/2012
Art Market Booms from Foreign Investment In UK
London thrives as foreign art investors seek safe haven from political and financial instability
09/16/2012
Wealth Partnership becomes chartered ahead of schedule
The firm beat its target of becoming chartered by December 2012.
09/16/2012
Coutts invests to give clients institutional offering
Not content with advising the Queen, Coutts, the private bank, has other big ambitions: it wants to deliver the kind of investment service to its wealthy clients that sophisticated institutional investors are used to elsewhere. Its owner, Royal Bank of Sc
09/16/2012
Quilter relocates in Edinburgh to make room for hires
Quilter first opened a dedicated office in Edinburgh in January 2011, soon after appointing Alan Aitchison as its head and Mark Hallam as investment manager.