03/18/2014
France's No. 2 listed bank, Societe Generale, said it will ask shareholders for permission to pay some staff bonuses worth up to double their salaries, in accordance with the European Union cap on bonuses.
03/18/2014
Friends Life is to transfer £14.5 billion in assets from F&C to a new strategic partnership with Schroders
03/18/2014
Investment trusts hail RDR as platform sales increase 67%
The AIC commissioned a report using Matrix Solutions’ Financial Clarity to evaluate adviser and wealth manager investment company platform purchases in the first year after RDR.
03/18/2014
Private equity guru buys big stake in fledgling Liverpool fund firm
Via his family office, Perscitus Advisers, he has acquired a significant minority interest in the new fund management firm, which was founded in 2010.
03/18/2014
Gilly Green, wealth management practice leader at consultants Knadel, said wealth managers rarely fully assess the cost of servicing their clients.
03/17/2014
DBS to Buy Societe Generale's Private Banking Business in Asia
Further to the transaction, Societe Generale announces that it has entered into a memorandum of understanding with DBS to develop a commercial partnership combining the strengths of the two franchises for the benefit of their respective clients.
03/17/2014
Bellpenny, the national wealth manager and IFA acquirer, has acquired Essex-based Personal & Corporate Financial Solutions
03/17/2014
Staff at Coutts have reacted furiously after learning their bonuses have been slashed by 40% this year.
03/14/2014
French asset manager Perial targets €400m investment in 2014
French asset manager Perial is looking to invest €400m for its SCPI and OCPI real estate funds this year, up from €250m in 2013.
03/14/2014
City of London Wealth Management Awards 2014
Well done to Goodacre for organising a very good night, I look forward to next year.
03/14/2014
Canaccord Genuity Voted Wealth Management Company of the Year
This year a record number of votes were cast.
03/14/2014
FxPro Recognised as Best FX Services Provider at the City of London Wealth Management Awards
FxPro Group Ltd has won the City of London Wealth Management Award for Best FX Services Provider at a ceremony held in the City of London’s Guildhall on 12thMarch 2014.
03/14/2014
Singapore’s DBS Group Holdings is near an agreement to buy the Asian private banking business of French bank Société Générale SA in a deal valued at around $250 million
03/13/2014
The platform, which is called InRIS, is expected to hold around a dozen companies across a wide range of alternative investment strategies.
03/13/2014
Senior private asset managers enjoyed a lavish gala event, celebrating the exceptional achievements of private asset managers, organised by PAM Insight with Wendy Marston Events.
03/13/2014
Fund flows from the Consumer and Institutional business were strongly positive in the fourth quarter at £771 million
03/13/2014
We reveal the six wealth offices across the country which advisers voted to be best in class at our annual awards ceremony.
03/13/2014
The shortlist of candidates, put forward for the Citywealth Magic Circle Awards 2014 has been released by the judges and the public vote is now open to allow the global private wealth industry to have their say.
03/13/2014
JPMorgan Asset Management is reducing its holdings of Europe’s higher-yielding debt as it bets a rally in the bonds is ending.
03/12/2014
Brooks Macdonald Reports 16% Half-Year Pretax Profit Growth
"Growth was achieved across the group, onshore and offshore, in our bespoke private client service, funds and managed portfolio service," Christopher Knight, chairman, said in a statement, adding that expectations for the current year "rema