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Norway Taps Its Oil Money ‘Piggy Bank’ to Cope With Economic Downturn

Norway's government has made its first withdrawal from the country's $826 billion sovereign wealth fund

Old Mutual split could trigger Nedbank sale

Earlier this week, global banking group Barclays announced that it will be selling down its stake in Barclays Africa Group Limited – trading as Absa in South Africa.

Credit Suisse Group: How to Revamp Wealth Management?

Business Finance News highlights the tough time Credit Suisse’s wealth management department is going through and give recommendation on how to improve situation

Old Mutual planning £9bn carve-up of its business

It has a market value of £8.8bn as of Friday’s close.

‘Ambitious’ style pays off for new Schroders chief

One top-20 shareholder warned that Mr Dobson, who has run the £313bn asset manager for the past 14 years, risked becoming a “back seat driver”.

How the Grosvenor property empire spread across the world

Owned by Gerald Grosvenor, the 6th Duke of Westminster and Britain’s wealthiest man, the group has three arms: the property and fund management business; an industrial division made up of food and energy investments; and the family office, comprisin

What the Kleinwort buy will mean for SocGen

The planned merger follows SGPB Hambros’ buys of Barings’ private client arm and ABN Amro’s private banking division in recent years, which Barnett classifies as bolt-on acquisitions.

Lombard International Assurance introduces the Wealth Passport

Axel Hörger, CEO Europe, added: “We are excited to launch this solution which, against a backdrop of growing regulatory complexity, is tailored to meet the specific planning needs of US expats and prospective US residents currently in the UK.&

UBS considers acquisitions to expand wealth management in Europe

UBS, the world's biggest private bank, sees growth potential in Europe because the wealth management market is still very fragmented with the biggest banks rarely holding more than a 7 percent share in a particular country.

Choice Option Launches One-of-a-Kind Wealth Management Firm

These skills and expertise are some of the mastery that traders at Choice Option will provide for clients as the company prepares to open for business.

Charles Stanley closes two branches in consolidation push

Duncan Graham, head of the Newbury office, will move over to Charles Stanley’s Oxford office.

Former Barclays Chief Bob Diamond eyes Barclays Africa assets

Bob Diamond, the forceful former Barclays chief executive, is approaching investors to back a takeover bid for a swath of the UK bank’s African empire that he helped to construct.ccc

Edmond de Rothschild in Geneva Targeted by French Criminal Probe

The company has no further comment at this time, according to the statement.

Wealth managers’ push for scale triggers M&A surge

Scorpio reports that M&A activity saw $410bn of assets transferred in 2015, compared with $460bn the year before. However, both figures pale in comparison to the $780bn that changed hands in 2013, generated by 100 deals.

Vanguard and 7IM to launch D2C platforms

The direct-to-consumer sector is set to take centre stage as Seven Investment Management 7IM and Vanguard Asset Management both enter this space in the coming months.

UBS CEO: ‘Brexit’ Threat to Globalization Worries Me

“UBS CEO: ‘Brexit’ Threat to Globalization Worries Me” is categorized as “business”.

UBS’s French Business Faces Inquiry Into Possible Witness Tampering

The judges are in the process of determining whether to send that case to trial.

Isle of Man: A New Banking Framework

In spring this year the Isle of Man will be introducing a new Alternative Banking Regime (ABR) to complement work on encouraging entrepreneurism and funding for new and expanding businesses.

Leading Welsh business figures launch new investment fund Inspire Growth Wales to back the FTSE firms of the future

The consortium is being launched today ahead of it sponsoring the Sir Michael Moritz tech start-up award at the ESTnet awards tomorrow.

Sanne shortlisted for prestigious PLC award

The awards, to be announced in London on 3rd March 2016, recognise success and achievement amongst publicly quoted companies in the UK.

Wealth and Asset Management