04/01/2014
Swiss asset manager Pictet to expand London operations
Swiss asset manager Pictet said on Tuesday it would expand its wealth management operations in London and hire between five and 10 bankers over the coming months.
Wealth and Asset Management
04/01/2014
Ukrainian Wealth Floods London Housing Market
Russians are the second-highest spenders in London's property markets, followed by Kazakhs, Azerbaijanis and Georgians among buyers from the former Soviet Union.
04/01/2014
CORRECTED-UPDATE 1-Aberdeen Asset Management to cut costs after money leaves funds
Aberdeen Asset Management said it planned to cut costs after weakness in emerging markets drove more money out of its funds in the first two months of the year, lifting its shares.
03/31/2014
AFH posts £1m profit as it prepares AIM float
Strong Revenue Performance. Profit Growth. Increased Dividend
03/31/2014
Berenberg expands UK private banking team to serve ultra wealthy
German privately owned investment bank Berenberg has set up a new team in London to handle business with "ultra-high net worth" customers
03/31/2014
IoD lunch to highlight future prospects for Jersey’s finance industry
Geoff Cook, CEO of Jersey Finance, will be the guest speaker at this month’s IoD lunch to give a talk entitled ‘First for Finance: current performance and future prospects for Jersey’s Finance Industry’.
03/31/2014
Standard Chartered pays 118 bankers at least $1.4m
Asia-focused bank Standard Chartered paid 118 of its bankers at least $1.4m last year, topped by a $9.5m payout to Mike Rees, head of its wholesale or investment banking division.
03/31/2014
Chris Macdonald: we don't fear FCA in-house funds probe
Chief executive officer of Brooks Macdonald has welcomed the FCA's decision to launch a probe into how wealth managers use in-house funds.
03/31/2014
Towry to launch advisory investment service
Towry is set to launch an advisory service, following its acquisition of Bluefin.
03/28/2014
Swiss Bank Pictet Opens Office in Munich for German Clients
Pictet joins Swiss banks Julius Baer Group Ltd. and Vontobel Holding AG in opening new premises in Germany
03/28/2014
Lord North Street and SandAire agree merger
Currently both firms advise wealthy families
03/28/2014
€2.5m profit for Kleinwort Benson
The rise in assets under management follows a number of new business wins
03/28/2014
The next generation of boutiques: Arjent Wealth Management
This week, continuing our series on boutique firms after a sustainable and ethical investing interlude,
03/28/2014
Stephen Lansdown sells £200m Hargreaves stake
Lansdown sold the stake on Tuesday. Based on the closing price of £14.06 that day, he has netted around £200 million.
03/28/2014
Basi opens family office to court super rich
It will initially provide a restricted offering for 15 clients and intends to have 30 clients by the end of the year, taking on three or four more advisers.
03/27/2014
OYSTER joins Raymond James's retail fund platform
The partnership with Raymond James underlines the development of the UK market
03/27/2014
Schroders chief sees pay soar 70% to £8.4m
Schroders boss Michael Dobson took home £8.4 million last year.
03/27/2014
RBS boss sets strategy to 'improve' flat Coutts
Ross McEwan, group chief executive of the Royal Bank of Scotland, has set out a strategy that will tie Coutts more closely to the wider bank’s business customers.
03/27/2014
Anglo-South African Group sells German and Austrian wealth units for $303 million
"The transaction is part of Old Mutual Wealth's commitment to simplify its operations in Europe and focus on a select number of core growth markets,"
03/27/2014
Schroders keeps busy with multi-asset coup
Friends Life’s decision to award multi-asset and equity mandates worth £14.5bn to Schroders represents another “significant win” for the investment house, Jason Hollands has said.