11/22/2012
Scoban makes home in Adam & Co's former headquarters
In a sign of the Scoban management team's commitment to the programme, it said it aimed to have prestigious offices to complement its private banking offering.
Wealth and Asset Management
11/22/2012
ABN AMRO Private Banking Creates Dedicated Philanthropy Team
The philanthropy service is available for all 25,000 customers of the private bank, that have a million Euro's.
11/21/2012
Close Brothers has solid first quarter
The group has made a solid start to the year with a strong performance in the Banking division although the market environment for Securities remains challenging. The group has maintained its strong funding position and capital base.
11/21/2012
Falcon Private Bank takes stake in Austrian Signa Prime
Falcon bought the 13.63% stake for €50m.
11/21/2012
Coutts selects CHI for global ad brief
In the past, Coutts has worked with M&C Saatchi, which was appointed in 2001 to revamp the bank’s image.
11/21/2012
Generali Said to Pitch Sale of Private Bank BSI to Apax, RBC
Assicurazioni Generali SpA is seeking offers for its Swiss private bank
11/20/2012
Rathbones: how we plan to spend £24m cash pile
Finance director Paul Stockton (pictured) said the firm had raised £24.7 million in a share placing, representing 4.6% of its share capital, to fund a multi-faceted growth strategy.
11/20/2012
Germany’s largest bank to slash jobs at wealth management unit
The wealth manager will use more services offered by its parent.
11/20/2012
FSA research: Only 12% of IFAs to go restricted
Only 1 per cent of restricted advisers say they are likely to offer independent advice
11/20/2012
Intesa Sanpaolo Private Banking posts 62.4% net profits increase
At the end of the third quarter, Intesa Sanpaolo Private Banking confirmed €99.6m net profits
11/19/2012
Old Mutual Wealth Targets Over GBP300 Million Pre-Tax Profit in 2015
Old Mutual will take a net GBP15 million operating charge in 2012 for closing to new business
11/19/2012
Managers of wealth need to be nimble
“The difference between this year and last is that geopolitical concerns have moved centre stage,” says Jane Fraser, head of global private banking at Citigroup, the US bank.
11/19/2012
Credit Suisse to Restructure Wealth Management Unit
Credit Suisse today announced changes in its organizational structure and to its Executive Board effective November 30, 2012.
11/19/2012
Clydesdale board pay slashed after bank’s first ever loss
BOARDROOM pay at Clydesdale Bank has more than halved in the past year after it axed executives’ bonuses in the wake of its first annual loss.
11/19/2012
Growing regulatory costs send Apcims into the red
Revenues and cash were flat on the year and Apcims has pledged to only raise its membership fees in line with inflation.
11/19/2012
MPA Financial Management sign strategic outsourcing investment partnership with London & Capital
London & Capital has entered into a partnership agreement with Warwickshire-based financial planning firm, ‘MPA Financial Management’, to provide a comprehensive range of outsourced, discretionary managed investment solutions.
11/19/2012
Liontrust’s Cross and Fosh pour millions more into Brooks Macdonald
The transaction took place on 19 November and was worth around £4 million based on yesterday’s closing price of £12.25.
11/19/2012
Whitechurch brings portfolios to IFA community
Company to bring two existing equity strategies to the IFA market.
11/18/2012
Spain's Bankia cuts back private banking business
The lender expects to complete the integration by 2013
11/18/2012
Northern Trust develops new reporting solution
Northern Trust Integro Helps Clients Increase Transparency into Portfolio Holdings