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Building brands and adding value in wealth management Asian Wealth Management and Asian Private Bank

Seb Dovey, managing partner at Scorpio Partnership talks to Hubbis about the definition of wealth management today

Investec Wealth & Investment (Channel Islands) opens London Stock Exchange’s UK markets

‘We have had a very positive start since our launch in November last year and have attracted a lot of new wealth management business

U.S. hedge fund acquires 11 pct derivatives stake in F&C Asset Management

The activist hedge fund purchased derivatives equivalent to around 63.8 million ordinary shares, the filing showed.

London’s finest: the runners and riders for our DFM awards

Having travelled the length of breadth of the country, we land in ultra-competitive London to reveal the five names in the frame for a gong at next month's Citywire Regional Wealth Star awards.

BRICS to set up their bank within five years, progress slow - Russia

The BRICS bloc of emerging economies will set up its development bank with a total capital of $100 billion within five years, but member countries still haven't agreed on their share in the bank's structure

Deutsche Agrees To Sell UK Tilney Business

Deutsche Asset & Wealth Management has agreed to sell Tilney, a subsidiary of its wealth management business in the UK, to Permira, which recently bought Bestinvest.

Barclays launches St Albans wealth arm

Barclays Wealth and Investment Management is opening an office in St Albans.

OYSTER registers funds in Sweden

The Swedish client base is of particular interest since more than three quarters of Swedes invest in investment funds, making it an important European market.

Wealth manager plans to add Hong Kong expats to court of St James’s

he move could presage long-term expansion overseas.

Swiss bank EFG profit flat after charge for US tax probe

Excluding Switzerland, which experienced a modest outflow in the second half, all other private banking businesses were positive in relation to net new assets.

WH Ireland launches international business on Isle of Man

‘This new office reflects our strategy to grow our discretionary wealth management business.

Ashmore Group Declines as Investors Flee Emerging Markets

Clients redeemed $10.2 billion, or 13 percent of the company’s average assets, in Ashmore’s fiscal first half because of withdrawals in some fixed-income and currency investments, according to the statement.

River & Mercantile eyes float after merging with consultancy

All management and key staff will retain equity interests in R&M Group.

Italy asset management posts outflows of 1.51 bln euros in Jan

Italy's asset management industry had net outflows of 1.512 billion euros in January against outflows of 582 million euros in December

RBC Wealth Management net income up $6 million

Wealth Management net income was $235 million, up $6 million or 3% compared to last year, mainly due to higher average fee-based client assets resulting from capital appreciation and strong net sales.

Millionaire investor visa shake-up

A new proposal, currently under review by home secretary Theresa May, could revolutionise the UK "investor" visa, creating billions of pounds worth of inward investment for the UK.

Private equity real estate firm wins €300m of mandates for new family office venture

The business will target residential development, secondary shopping centres, healthcare in the UK and three-star hotels in London, with a typical deal size of £50 mln and above.

St James's Place eyes up Asian business as profits jump

In advanced talks to acquire international adviser business in Asia

Close Brothers Asset Management launches Master Trust to support SMEs

Close Brothers Asset Management has launched a multi-employer master trust, known as YourWorkplacePension, to support SMEs approaching their auto enrolment staging dates.

F&C warns of drop in revenues ahead of acquisition by BMO

F&C has warned investors that its revenues will be lower than expected this year, ahead of its planned takeover by Canadian giant Bank of Montreal.

Wealth and Asset Management