02/22/2012
Chastened UBS uses 150th events to polish image
The bank has been back in the headlines for the wrong reasons this month after it posted poor results for the last three months of 2011 and over its involvement in a global inquiry into a conspiracy to manipulate interbank lending rates.
02/22/2012
Record year for St James's Place
“Whilst the road to recovery for the UK economy is likely to remain challenging, the need for trusted financial advice is greater than ever. Given the market opportunity available to us, together with the continuing growth and development of the Par
02/22/2012
Barclays Wealth expands advisory service to Monaco
Barclays Wealth today announces that it has extended its Wealth Advisory reach and is now able to offer services directly to clients in Monaco.
02/22/2012
Threadneedle systems catch £95m 'rogue trader'
Success contrasts with UBS and Societe Generale where dodgy trades initially went unnoticed
02/22/2012
She was previously editor-in-chief at the Wall Street Journal, Europe.
02/21/2012
Erste Bank retains crown as leading private bank
The awards are even more relevant as they are based on a survey conducted within the industry, and therefore it was not a jury, but rather industry experts themselves who assessed and ranked the individual banks.
02/21/2012
Trust boards are still failing too often on discount controls say investors
Despite this, 36% of respondents believed there would be a marginal or no impact on the demand for investment trusts as a result of the RDR. Only 11% thought the impact would be ‘considerable’.
02/21/2012
Rathbones sees full year 2011 profits jump 30 percent
Pre-tax profits at Rathbone Brothers increased 30pc last year to £39.2m as the wealth manager said it was "cautiously optimistic" for 2012.
02/21/2012
Finnish investment bank focuses on wealth
"Evli Bank as a group has been recently refocusing more toward wealth management, and this is also bringing changes to the Baltic opera-tion," says Jolanta Latviene, the new CEO and board chairman of Evli Securities, Evli's Tallinn-based Ba
02/21/2012
Wealth-X Holds Commemorative Event to Mark Launch of London Office
Global Intelligence Firm Opens Second Office in Europe as Members Seek Ways to Win More Super Wealthy Clients
02/20/2012
IFA acquisition brings Web £20m in funds
The acquisition of another Surrey-based firm adds two more IFAs to Web’s personnel, corporate specialist Stuart Smillie and private client expert James Child.
02/20/2012
Norway’s wealth fund wants less of Europe, more of Asia
The fund, which holds nearly 2 per cent of all European shares, also has to adjust to lower real-return expectations and the government must cut back on how much of the oil money it spends if it wants to preserve the fund, Norges Bank, which manages the f
02/20/2012
Lloyds Bank strips five directors of more than £1 million in bonuses
Lloyds Banking Group is to strip five directors of more than £1 million in bonuses as a penalty for a financial scandal that cost the taxpayer-backed bank £3.2 billion last year.
02/20/2012
Italian tax men blitz the chic in ski resort raids
Italian tax agents donned skis, gloves and goggles to launch an unusual blitz in the chic ski resort of Courmayeur, two months after a similar raid on another playground of the rich, Cortina d'Ampezzo.
02/20/2012
The fund range offers investors access to the investment team who manage the private investment portfolios of key members of the Guinness family office, including Lord Iveagh.
02/20/2012
The Daily Telegraph reported last month that the sale-and- leaseback deal was valued at about 330 million pounds ($523 million). The newspaper didn’t cite anyone.
02/17/2012
SGPB Hambros restructures wealth planning team and looks to increase headcount
The restructure is aimed at recognising many high net worth clients have an international dimension to their money affairs, while many non-domiciled clients will need help with the UK aspects of their situation.
02/17/2012
UK Asset Manager launches discretionary investment service for private clients
The Tailored Portfolio Service being planned is a discretionary fund management service.
02/17/2012
Societe Generale chief says trader bonuses will halve after profit fall
France’s second biggest bank, Societe Generale, is to follow the example set yesterday by its larger rival, BNP Paribas, and halve bonuses paid to traders working in its investment banking arm.
02/17/2012
SocGen CEO ‘Happy’ With Start to 2012
Societe Generale Chief Executive Frederic Oudea predicted a better 2012 after the French bank reported a worse-than-expected 88.6 percent fall in quarterly profit in the last three months of 2011 on Thursday.