05/18/2012
Rupert family-controlled Richemont, which owns luxury brands such as Cartier and Piaget, said on 16 May that operating profits for the year ending 31 March increased by 51% to €2.04 billion.
05/18/2012
The changes follow the bank’s decision to differentiate its wealth management and private banking teams ahead of the RDR.
05/18/2012
Executives from the bailed-out Lloyds Banking Group were sent on a luxury spa break to teach them how to be more effective “hunter-gatherers in the corporate jungle".
05/17/2012
Are wealth firms sacrificing client relationships?
Research from consultancy MDRC certainly suggests this, with satisfaction among advisory clients outpacing that of discretionary clients in 2011.
05/17/2012
In an interview with the Financial Times, EU commissioner Michael Barnier said investors should have the voting powers to curb ‘morally indefensible’ executive pay growth.
05/17/2012
Anna Sofat, founder of wealth manager Addidi, said she has used structured products backed by banks that she feels secure with, and does not exclude these higher-quality products in favour of collateralised types.
05/17/2012
The deal would be the biggest in the wealth management industry since ING Group sold its private banking assets in Europe and Asia in 2010
05/17/2012
Profits dip in wealth and investment division as restructuring and unit sales costs take toll.
05/17/2012
Curmi & Partners will this evening be hosting an event with Morgan Stanley to explore wealth management opportunities in Malta.
05/17/2012
As part of Private Client Practitioner’s Top 25 series, the Top 25 Law Firms aims to identify, recognise, introduce and promote the Top 25 Private Client Law Firms, in the UK and UK offshore
05/16/2012
Bankers often receive a bonus of several times their basic annual salary but the European Parliament's economic affairs committee agreed on Monday that bonuses should not be higher than a banker's fixed pay.
05/16/2012
A team of employees from Deloitte are gearing up for the Olympics by taking to their saddles and tackling the official Olympic cycle route before the London 2012 athletes.
05/16/2012
Rob Jolliffe's appointment to lead UBS's emerging markets efforts is an eye-catching move but will do little to mask some of the underlying weaknesses it has in that business.
05/16/2012
Boutique’s owner F&C moves to bring the business under its banner.
05/15/2012
Prime Minister David Cameron’s effort to slash Britain’s record budget deficit is widening a housing and wealth gap between the north of the country and the London area.
05/15/2012
The couple live in Crowborough, East Sussex and like most people their biggest outgoing is their mortgage.
05/15/2012
Coutts appoints Head of Products and Services in Asia
Most recently he was Managing Director and Head of Wealth Management Sales across Asia Pacific for HSBC.
05/15/2012
Speaking to Wealth Manager, the former UBS director said: ‘Part of me does not think the post-RDR world will be dramatically different
05/15/2012
Meanwhile, a second arm of government – the Treasury – continues to defend its plans to end unlimited tax relief on donations that a growing coalition of philanthropists and charities argue will greatly reduce existing levels of giving. t
05/15/2012
The Nesta Trust inherited the assets of the former National Endowment for Science, Technology and the Arts on 1 April 2012.