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Garbutt & Elliott appoints new wealth management business ‎head

He is a former managing director of Skipton Financial Services

Up to 100 Coutts staff face axe in restructure

Up to 100 of Coutts’ front office staff face the prospect of redundancy, following the bank’s decision to separate its wealth management and private banking functions in the run-up to the retail distribution review.

City of London Wealth Management Awards - Voting starts

A total of 37 firms met the criteria for the company shortlist, verified by an independent panel of judges.

Investec Asset Management announces German collaboration

Investec Asset Management on Tuesday announced an agreement with Germany's Sal. Oppenheim

Brewin Dolphin funds boosted by discretionary arm‎

The company said commission income, which fell to £17.5 million from £24.9 million a year earlier, had continued to fall into January but other income has held up.

London-based banking giant named the World’s Most Valuable Banking Brand in 2012

This strong performance from the London-based banking giant stood out in its region; European banks performed miserably, making up 16 of the 20 “fallers” on the table.

Asian entrepreneurs aim for greater wealth

The report, published by Standard Chartered, SEI Global Wealth Services and Scorpio Partnership, studied 3,300 high-net-worth individuals with an average of $2m worth of assets.

Gold will continue to be main beneficiary of loose monetary policy

Rothschild Wealth Management Asset Allocation February 2012

Luxembourg eyes huge spend from Qatar

Luxembourg’s 40-year-old finance centre finds immense opportunities for co-operation with the Qatar Financial Centre (QFC) in management and investment funds; wealth management; and trade and corporate finance.

LSE reports rising quarterly revenues

That was higher than expectations of £152.4 million, according to analysts polled by the group, which operates the London Stock Exchange and Italy's Borsa Italiana.

RBS’s Hester May Get Further 8 Million Pounds Bonus, Times Says

Hester is set to be awarded 3.6 million shares, worth about 963,000 pounds, for last year.

Barclays to face 'shareholder rebellion' if bonus restraint is not exercised

One of Barclays’ top 10 investors is reported to have said: “If the bank doesn’t exercise real restraint then it faces a shareholder rebellion.”

Public believe executives pay should not exceed £1 million

Just 7% of those questioned supported £1 million salaries for chief executives of firms in the Ftse 100, while only 1% said senior bosses were worth the £4 million currently earned by those at the top end of business.

French Banks to Cut 2011 Bonuses as Much as 50%

French banks intend to cut bonus payments for 2011 by between 40 percent and 50 percent, Le Journal du Dimanche reported, without saying where it obtained the information.

French Banks to Cut 2011 Bonuses as Much as 50%

French banks intend to cut bonus payments for 2011 by between 40 percent and 50 percent, Le Journal du Dimanche reported, without saying where it obtained the information.

Qatar wealth fund snaps up prime Canary Wharf property

The wealth fund is Credit Suisse’s second biggest shareholder, with a six percent stake.

RBS awards CEO share-based bonus worth £963,000

RBS, 83 percent owned by the British government following a state bailout during the 2008 credit crisis, allocated CEO Stephen Hester a 2011 annual performance award of 3.6 million shares.

Liechtenstein Has ‘Long Way’ to Shed Tax Image, Bank Chief Says

Liechtenstein started to unwind secrecy after data stolen from LGT Group, the bank owned by the royal family, was used by Germany to prosecute tax evaders in 2008.

Butterfield Private Bank head and CIO step down

The reasons for their departures are not yet known, although speculation is mounting over the future of the London office and whether a restructure could be in the offing.

Dresdner bonus culture exposed

One of the 104 investment bankers suing for €50m in unpaid bonuses told the UK High Court on Thursday he had expected a further €300,000 bonus in 2008 despite already receiving a €300,000 guaranteed bonus from Dresdner for that year.

Wealth and Asset Management