05/30/2013
Investec unveils Ucits fund for multi-asset chief
Asset management firm announces plans to open out €188m fund to international investors, Citywire Global can exclusively reveal.
Wealth and Asset Management
05/30/2013
Northern Trust Names Global Sales and Marketing Director for Family Office Group
Northern Trust has selected David C. Albright to lead sales and marketing for its Global Family & Private Investment Offices group, effective immediately.
05/29/2013
Bank Sarasin announces three senior appointments
Announces some key appointments of experienced professionals in its Asset Management, Products & Sales division.
05/29/2013
Threadneedle Investments launches new Foundation
Threadneedle’s support will help The Art Room to maximise capacity in existing London Art Room centres, where impact is significantly limited by funding constraints that restrict opening to three days per week
05/29/2013
Private bank appoints Head of Marketing
Her marketing remit will be to direct all activity worldwide to ensure Coutts’ business strategy is closely aligned with marketing to enable it to be most effective.
05/29/2013
Royal Bank of Canada reports 26% increase in net income
Wealth Management net income was $225 million, up $13 million or 6% compared to last year
05/29/2013
Wealth Managers Face Tall Hurdles to Build on Rebound - RESEARCH
As Growth Prospects Shift Toward Developing Markets, Players Must Grapple with Greater Client Demands, Tougher Regulatory and Margin Pressures, and Increasing Business Complexity, Says Report by The Boston Consulting Group
05/28/2013
Coutts to overhaul famous home
The move reflected falling visits to branches as clients do more banking online
05/28/2013
Brewin Dolphin looks to accelerate growth with £40m share placing
Wealth manager Brewin Dolphin has revealed plans to raise about £40 million through a share placing after reporting a 26 per cent increase in profits for the first half of its financial year.
05/28/2013
Barclays manager ends seven-year spell at bank’s Wealth division
The Glasgow-based investment manager has left the bank’s Wealth and Investment division, where he managed portfolios for private client portfolios, trusts and small corporates.
05/28/2013
Middle East's affluent pursue wealth creation
Wealthy investors in the Middle East are drawn
05/28/2013
Leading Swiss private banking group to acquire Lloyds International Private Banking business
The transaction, carried out with the support of Caurus Partners and MilleniumAssociates AG, remains subject to the requisite regulatory approvals being completed.
05/28/2013
Ian Fleming family, GHP double Russian fund stakes at exit
“We are delighted with the outcome for our clients against the backdrop of an extremely difficult global market over the last few years and the challenges presented by operating in a complex real estate market
05/28/2013
Odey Up 25%
The London-based hedge fund's performance is made all the more impressive as its European Fund rose 24.1% in 2012
05/28/2013
Deutsche Bank’s Sal. Oppenheim to cut more than third of jobs
The bank, which caters to ultra-rich Germans, said in a statement it would cut up to 330 jobs out of a total of 870 by the end of 2014.
05/27/2013
Ashburton targets private wealth and family offices with launch of Africa Equity Opportunities Fund
Africa Equity Opportunities Fund to be the first Ashburton UCITS fund
05/27/2013
Kleinwort Benson could be back on market as hedgies turn on parent
RHJ has seen around 80% of its value wiped out
05/27/2013
Santander confirms plans for asset management sale
Exploring the possibility of incorporating investors to its asset management division
05/27/2013
Pictet to Lombard Odier Win Clients Amid Swiss Secrecy Crackdown
They are adding client assets faster than their biggest rivals
05/26/2013
Handelsbanken completes acquisition of Heartwood in the UK
Heartwood has some 90 employees and conducts discretionary management