02/26/2015
HSBC bosses reject calls to quit after 'terrible list' of problems
HSBC bosses rejected calls from British lawmakers for them to quit over the bank's Swiss tax scandal
Wealth and Asset Management
02/26/2015
Axa Wealth unveils strategy for UK pension reforms
Axa Wealth plans to combine its pensions and investment expertise to offer a new financial planning model called Retirement LifePlanning
02/26/2015
DeVere predicts 25% growth in plan to become ‘UK’s BoA Merrill Lynch’
DeVere has forecast a 25% growth in business and a 50% increase in advisers in the coming year
02/25/2015
From high court to high life: How Vestra grew to £4.6bn
Vestra Wealth’s founding partner David Scott became a Wealth Manager cover star a year after what he admits was a ‘difficult birth’ for the then fledging company.
02/25/2015
Old Mutual completes Quilter Cheviot buy
Old Mutual Wealth has been completed its buy of Quilter Cheviot after the receiving the green light from the regulator
02/25/2015
OM Wealth completes Quilter Cheviot acquisition
OM Wealth called the transaction a “significant milestone” in its transition from primarily a platform business to an integrated wealth management business for advisers and customers.
02/24/2015
Wealth managers and IFAs under threat by tech upheaval
Asset managers will be not be blown away by technology’s winds of change, but advisers and wealth managers may not be as lucky
02/24/2015
Strong uptake in private placement as Jersey funds industry reaches seven year high
A strong performance in Jersey’s funds sector in 2014 has seen the value of fund assets administered in the jurisdiction increase by almost one fifth year-on-year to reach the highest level in seven years.
02/23/2015
UK finance bonuses to top £100bn since financial crisis
With high street banks poised to reveal their 2014 bonus pots the Robin Hood Tax campaign reveals figures showing ‘unreformed sector is out of control’
02/23/2015
Rothschild to pay bonuses early
A final decision on the timing of bonuses is expected to be taken before the Rothschild group’s year end on March 31
02/23/2015
Towry offers £2.75 for Ashcourt Rowan shares
The two companies claimed that combined they will be one of the top 20 players in the UK private wealth market by assets under management.
02/23/2015
Poaching clients is ‘commercial suicide’: DFMs
Canaccord Genuity Wealth Management is one such DFM with an advisory arm
02/22/2015
HSBC under pressure to lower bonuses following tax dodging inquiry
Top executives at HSBC are being encouraged to waive their bonuses for the year, following allegations the bank abetted tax dodging clients.
02/22/2015
Tax scandal hits Coutts and BSI deals
HSBC furore puts pressure on sales of private banking units by RBS and Generali
02/22/2015
Queen’s bank in film tax avoidance scheme
COUTTS, the bank used by the Queen, earned millions of pounds in commission by helping investors avoid tax in film schemes
02/20/2015
Jonathan Fry exits firm post-merger to set up family office
He has taken a number of high net worth clients – equating to over £100 million of assets – with him to launch Fry Family Office.
02/20/2015
Skënderbeg launches four single-manager funds with Your Wealth AG
Skënderbeg Funds AGmvK, an investment fund for qualified investors under Liechtenstein law (umbrella fund), launched four traditional single-manager funds together with Your Wealth AG on 12th January.
02/20/2015
State-backed investment bank begins offering SME loans
The fund includes €250m from the former National Pension Reserve Fund
02/19/2015
The sea change in private banking: Why HSBC is right about the industry
THE HSBC revelations have been coming thick and fast this past week, and the bank has had to go so far as to apologise for its previous behaviour.
02/19/2015
Lombard Odier’s three-year plan to double UK wealth assets
Dominic Tremlett first came to London as Lombard Odier’s head of UK private banking two years ago