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St James's Place eyes up Asian business as profits jump

In advanced talks to acquire international adviser business in Asia

Close Brothers Asset Management launches Master Trust to support SMEs

Close Brothers Asset Management has launched a multi-employer master trust, known as YourWorkplacePension, to support SMEs approaching their auto enrolment staging dates.

F&C warns of drop in revenues ahead of acquisition by BMO

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.

Private equity firm takes stake in Enterprise Finance

Private equity firm ISIS Equity Partners has acquired a minority stake in specialist loan distributor Enterprise Finance.

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.

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.

BDO Unibank to Buy Deutsche Bank's Philippine Trust Business

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.

Walker Crips launches brand for Welsh market

Walker Crips is launching a new brand, Walker Cambria, to offer services designed specifically for the Welsh market.

HSBC Private Bank Profit Slumps Amid Swiss Client Outflow

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.

HSBC to announce bonuses totaling $4 billion

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,

RHJ Intl gets German regulator approval for BHF-BANK deal

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.

ABN AMRO reports Q4 net loss on bank tax, loan impairments

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.

Skandia unveils charges on WealthSelect funds

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%.

Spain Adds Rothschild as Adviser for Bankia Privatization

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.

Rathbones profits up 15 pct as markets rise

Andy Pomfret, chief executive, Philip Howell, deputy chief executive and Paul Stockton, finance director, discuss Rathbone Brothers Plc's results to 31 December 2013

7IM switches Income fund to a passive mandate

7IM to expand its active allocated passive range by changing the strategy on the CF 7IM Income fund.

L&G targets HNW clients of DFMs with launch of tax solutions team

Private Client Solutions is made up of three people who will meet advisers and DFMs face to face to discuss tax solutions for HNW individuals

Wealth firm to join AIM to fund 'strategic' acquisitions

In a statement to the Stock Exchange, AFH said it believes it has made sufficient progress to join AIM and that the move would help the company attract new investors and improve its profile.

Credit Suisse extends scheme to pay top staff bonuses in cocos

Credit Suisse has changed the way it offers bonuses to top staff in a new bid to make employees take on risk, in a way which meets the wave of new regulations.

Sanlam sets £6bn goal after board reshuffl

Alex Morley said he would aim to grow the firm “in a careful and considered fashion”, targeting an adviser head-count of 250-300 by 2017.

Wealth and Asset Management