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Swiss private banking business changes hands

Details of the transaction weren’t disclosed.

Brewin Dolphin managed assets up 2 percent in June quarter

Continued growth of net external organic funds into our core discretionary service in line with our 5% per annum long term target. An additional 2% annualised growth in net funds due to successful conversion from advisory services.

Swiss Bank EFG Sets Aside $24 Million for US Tax Fine

“First-half results were adversely impacted by exceptional legal and regulatory expenses,” Chief Executive Officer John Williamson said in the statement. “I remain optimistic about the future, with the prospect of fewer distractions and

Leading private bank quitting the island

The international firm is pulling the plug on the provision of banking and wealth management services from the island.

Succession acquires eighth IFA

Succession has acquired a Halifax-based advice firm for £3m

Chinese fund groups eye UK launches

Three of China’s largest asset managers are said to be mulling UK expansion and are close to launching funds in the country.

Arbuthnot Banking H1 pretax profit up almost five fold

Pretax profit rose to 9.5 million pounds from 2 million.

Arbuthnot agrees sale of structured product business

Arbuthnot Banking Group has agreed to sell its structured product business by the next quarter of the year.

WH Ireland reports revenue increased of 12.6%

Wealth manager and stockbroker WH Ireland has reported strong profit growth in the six months to May

Discretionary wealth management group reports revenues up 50%

Revenues were up 50% at £7.3m, earnings before interest, tax, depreciation and amortisation rose by 97% to £0.81m and pre-tax profits were up 55% at £0.54m.

Julius Baer Says Russian Clients Inactive Amid Tensions

Julius Baer Group Ltd., Switzerland’s third-largest wealth manager, said its affluent Russian clients were less active in the first half of the year amid political tensions in the region.

True Potential LLP pre-tax profits up by 104%

True Potential Associate Partners and True Potential Adviser Services) remains one of the fastest-growing technology and financial services companies in the UK.

222-year-old wealth manager to take axe to dealers

The group is understood to have told 11 of its 25 London-based dealers late last week that their job is at risk

Credit Suisse CIO: trades to help you relax on the beach

We are gripped by the idea of volatility being too low

Wealth manager ponders market listing in London

The group is close to hiring Evercore Partners, an advisory firm, to explore the proposal, although no decision has been made on whether to pursue a listing.

Walker Crips boosts revenues after hiring spree

New hires in the quarter included Steven Moss, Mark Entwistle, and John Fletcher, all of whom joined from Barclays Wealth.

GFS Stops Issuing Structured Products After Mariana Deal

The agreement will allow Arbuthnot Latham to focus on its core private-banking business

HSBC dumps sales targets

HSBC Head of Retail Banking and Wealth Management, Glen Tonks, says the change in approach is "market leading" and is being rolled out across the global HSBC network.

Top leveraged finance banker David Ross leaves BAML

Bank of America Merrill Lynch's co-head of leveraged finance for EMEA has left the US bank after five years.

Brown Shipley triples profits as it embarks on hiring spree

Brown Shipley saw pre-tax profit triple to £7 million over the course of 2013.

Wealth and Asset Management