09/04/2012
City slams wealth tax
“There is likely to be another exodus of wealthy individuals if Nick Clegg manages to introduce a wealth tax,” said partner Camilla Wallace.
Wealth and Asset Management
09/04/2012
Commerzbank CEO: pay must realign to industry levels
"It would be appropriate if excessively high pay would narrow again towards that in industry," Blessing said, adding however, that any bank that took the first step to curb pay risked losing talented employees to rivals.
09/04/2012
Wealth manager launches seven risk-rated portfolios
The portfolios can invest in funds, exchange-traded funds and some direct bonds and there is a possibility it will one day invest directly into stocks and shares.
09/04/2012
Rothschild appoints new head of UK private banking unit
He remains a member of the Global Wealth Management and Trust Executive Committee, the source said.
09/03/2012
Credit Suisse denies Swiss banks helping Germans dodge tax pact
German media have accused Swiss banks of telling German clients to shift money to Singapore, Asia's prominent finance centre, to avoid detection and taxation of their assets.
09/03/2012
Turcan Connell opens office in Glasgow
Turcan Connell, which was represented by Eric Young & Co, already has offices in Edinburgh, London and Guernsey, but following research identified client demand for an office in the West.
09/03/2012
Wealth managers must ‘get house in order’ as FSA hones in
Firms that market themselves as ‘wealth managers’ must review their processes to ensure that they have sufficient controls to mitigate the potential for mis-selling and document every part of their advice process, according to one compliance e
09/03/2012
Boutique wealth manager launches managed portfolio service
Advisers will be able to discuss investments with the Berry managed portfolio team, “as required”.
09/03/2012
Former Citisoft Senior Managers Start New Consultancy
IAWMC is a specialist operations, systems and IT infrastructure consulting firm which has been established to provide management and IT consulting, interim management and recruitment services focussed solely on the needs of the Financial Services’ s
09/02/2012
The multi-boutique style grows in popularity
Create, a consultancy, goes so far as to predict multi-boutiques will become the dominant operating model this decade.
09/02/2012
Germany's Schaeuble wades into bank bonuses debate - FT
The argument over capping bankers' pay is threatening EU efforts to implement the global bank rules known as "Basel III" by the January 2013 deadline.
09/02/2012
KBI wins $500m in new businessKBI gets $500m mandate from Mercer and Merrill wealth arm
It also also landed the Investment Manager of the Year (Ireland) Award by World Finance magazine.
09/02/2012
Hargreaves Lansdown founders set for £40m windfall
Hargreaves Lansdown founders Peter Hargreaves and Stephen Lansdown are set to receive a £40m dividend windfall as the company gets set to unveil its year end results this week.
08/30/2012
SJP partner ‘cloned’ by fraudsters
The regulator issued on Thursday an alert about a firm offering investment advice and brokerage services under the names AW Associates, A Walker Associates and Andrew Walker Associates.
08/30/2012
HSBC adopts content approach with ad-funded business series
Following the decision to drop its long-standing strapline, 'The World’s Local Bank' last year, HSBC has been moving to position itself as an authority on global trends, including through its 'In The Future' campaign, looking at
08/30/2012
Barclays launches Female Client Group offering in Scotland
Barclays has chosen the prestigious setting of this year’s Blair Castle International Horse Trials for the launch of its Female Client Group proposition in Scotland
08/30/2012
Underlying complaints continue to fall as Barclays drives down complaints by addressing root causes
Strong action plan in place to cut complaints in H2 through relentless simplification which has cut complaints by 55 per cent in the retail bank
08/30/2012
HSBC Swiss Private Bank Profit Declines on Interest Income
Higher costs plus the repatriation of client funds to onshore networks that generate lower fees are cutting profit margins at Swiss private banks, the biggest managers of offshore wealth.
08/29/2012
Royal Bank of Canada Reports Record Third Quarter 2012 Results
Royal Bank of Canada today reported record net income of $2,240 million for the quarter ended July 31, 2012, up $946 million or 73% from the prior year.
08/29/2012
German private banks build stake in Universal Investment
Private banks Berenberg Bank and Bankhaus Lampe have increased their stake in Germany's Universal Investment to 50%, in a vote of confidence in the fund platform model.