05/28/2013
Deutsche Bank’s Sal. Oppenheim to cut more than third of jobs
The bank, which caters to ultra-rich Germans, said in a statement it would cut up to 330 jobs out of a total of 870 by the end of 2014.
Wealth and Asset Management
05/27/2013
Ashburton targets private wealth and family offices with launch of Africa Equity Opportunities Fund
Africa Equity Opportunities Fund to be the first Ashburton UCITS fund
05/27/2013
Kleinwort Benson could be back on market as hedgies turn on parent
RHJ has seen around 80% of its value wiped out
05/27/2013
Santander confirms plans for asset management sale
Exploring the possibility of incorporating investors to its asset management division
05/27/2013
Pictet to Lombard Odier Win Clients Amid Swiss Secrecy Crackdown
They are adding client assets faster than their biggest rivals
05/26/2013
Handelsbanken completes acquisition of Heartwood in the UK
Heartwood has some 90 employees and conducts discretionary management
05/26/2013
People still want to be bankers
The image of the financial industry has suffered badly
05/26/2013
Credit Suisse opts to groom wealth managers
The most challenging thing in Asia is to get the right people on board
05/25/2013
Carmignac boosts UK presence via Raymond James platform
UK investors are increasingly appreciating the value of investing globally
05/23/2013
Close Brothers delivers good performance
Growth in the business was slightly lower than last year due to a moderation in demand in some markets. The net interest margin remained broadly stable.
05/23/2013
UBS Continues To Broaden Footprint In UK Regions
UBS hires UK client advisers from Lloyds and Brown Shipley
05/23/2013
BNP Paribas multi-asset chief quits to join UK giant
In his new role the Dutch-born manager will have overall responsibility for LGIM’s asset allocation strategy
05/22/2013
Aberdeen completes $179.9m acquisition of Artio
As at 17 May 2013, Artio managed assets of $10.6 billion (£7.0 billion).
05/22/2013
Iveagh's Wyllie increases commercial property exposure
Iveagh’s Chris Wyllie likes bricks and mortar
05/22/2013
Investec wealth arm grows profit to £50.7m in 'encouraging' year
Investec Wealth & Investment has increased its profit by close to a third year-on-year.
05/22/2013
Critchleys launches private client arm
Under the new proposition, clients will pay a fixed price for their financial plan
05/22/2013
Nordic private banking clients at Nordea tops 100,000
Nordea Private Banking now has more than 100,000 clients in the Nordic region
05/21/2013
FF&P Completes Successful Exit for Investors
We are delighted with the outcome for our clients against the backdrop of an extremely difficult global market over the last few years
05/21/2013
RBS bankers receive £2.7m in shares as bonus
Four top bankers share bonus pot,
05/20/2013
EU bonus cap could double bankers' salaries, Wheatley warns
The European Union's (EU's) move to cap bankers' bonuses could see those earning more than €500,000 to get significant pay rises, according to Martin Wheatley.