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Barclays Wealth announces senior appointment

He joins from Citi Private Bank

BofA Merrill hires top executive from UBS

He was chairman of UBS investment bank, is expected to join BofA Merrill in coming months and will be based in London

Barclays Betting on Investment Bank Profit to Quell Pay Revolt

Barclays Chief Executive Officer Robert Diamond is betting that rising profitability at the investment bank he built will allow him to fend off a shareholders’ revolt over his compensation.

Net flows increase at Standard Life Wealth

Standard Life's retail platform assets rose 26% in the first quarter of the year compared with the same period in 2011, as the group added an extra 41 adviser firms on its wrap.

UBS CEO calls attacks on Swiss tax "economic war"

"Switzerland has been attacked since 2008. We are in the middle of an economic war," Ermotti told the SonntagsZeitung in an interview. "The goal is to weaken the financial centre of Switzerland."

Barclays hopes £2bn profit will quell Diamond pay row

It will also face anger over the bill associated with a flood of customer complaints over the mi-selling of payment protection insurance, which is understood to have run to more than £100m.

UBS Chairman Says Bank’s Reputation Will Play Role in CEO’s Pay

Villiger, whose tasks include developing recommendations for the CEO’s pay with the compensation committee, said the bank won’t assess Ermotti’s performance by profit alone, but will also include targets for boosting capital ratios and c

Swip slashes strategies and staff in drive for wealth

This forced the Lloyds Banking Group subsidiary to bring forward its carefully planned announcement by five days and it went into communications overdrive.

IMA: We need a fairer compensation scheme (not the reverse)

This is of crucial importance to the fund management industry because we recently found ourselves on the receiving end of a bill for more than £200m following the demise of a purveyor of investments into second-hand life insurance policies.

Has David Cameron's family got money tied up in offshore tax haven?

David Cameron's family could have money tied up in offshore tax havens after it was revealed his father made a fortune through a network of offshore investment funds.

UBS head calls tax disputes an ‘economic war’ for Switzerland

Switzerland has recently tried to shed its image as a tax haven, signing deals with the United States, Germany and Britain to provide greater assistance to foreign tax authorities seeking information on their citizens’ accounts in the Alpine nation.

Asian banks fill the void as Europe exits

But the gap is quickly being plugged by lenders from China, Korea, Singapore and Japan, which are attempting to develop a bigger presence in the Middle East.

ME bank sets up private banking division

The agreement was signed by Mr. Varouj Nerguizian, Executive Board Member and General Manager

City funds prepare assault on excessive executive pay

Pay packages for executives in Britain’s biggest companies have escalated out of all proportion to their financial performance or value to society, some of the City’s most powerful investors warn today.

FTSE license charges leave wealth managers seething

A spokesperson for FTSE denied any changes in its commercial policy, particularly for Apcims members. She added: ‘Our current licensing requirements remain. There may have been some members who were not aware of this.’

Decide2 uses Cofunds and 7IM for 'assisted non-advised' service

Decide2 will also offer a similar process for protection and annuities. Hudson Green & Associates principal Ian Hudson says: “The regulator needs to look closely at how Decide2 dis- tinguishes between advice and non-advice.” If you enjoy

Barclays chief to defer part of bonus‎

Chief executive attempts to head off shareholder rebellion over £17m pay package at next week's annual meeting

Brewin Dolphin expands in Cheltenham

Alex Barrell, head of the Cheltenham office said: “We are very excited about our move. We needed to find larger premises but didn’t want to leave Cheltenham so St James’ is perfect.

Brown Advisory acquires stake in New York hedge fund

Brown Advisory has purchased a minority stake in a hedge fund manager with New York and London offices.

Berry offers clients Swiss National Bank deposit facility

Berry founder and chairman Jamie Berry said the facility would be offered to clients through strengthened ties with parent Swiss private bank Bordier.

Wealth and Asset Management