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FSA approves £1.9m Arbuthnot Securities sale

Sale of investment banking unit to Westhouse Holdings to be complete by the end of the week company confirms.

Newton CIO changes roles to lead global equities team‎

Newton has announced some changes within its investment team designed to ensure a focus on strong performance across its range of mandates and position the firm for continued growth.

Fleming Family & Partners hire ex Deloitte pensions guru

She previously worked as head of pension consulting for Deloitte Private Clients

Reinsurance brokerage giant to move HQ to London

The move won’t trigger any job losses in Chicago, which will remain the firm’s Americas headquarters, the broker said today in a statement. The firm plans to add 1,000 jobs across the U.S. this year, it added.

Private bank shuts down its Scottish operations

Gordon Scott, the head of the Edinburgh operation, is leaving the business and will not be replaced.

Billionaire purchases 60pc stake in Soho House - report

The private members’ club chain was valued at about 250 million pounds ($382 million), the newspaper reported, without saying where it got the information.

Kleinwort Benson shuts down Scottish operations

The head of the Edinburgh operation is leaving the business and will not be replaced.

Tough decisions for banks as cash cows run dry

Deutsche Bank first got stuck into global asset management in 1990 through the purchase of its London-based rival Morgan Grenfell. It did not take long for it to discover that a party was in full swing.

"If only I had saved more" is Europeans' key regret, says Schroders study

In survey of 1,400 Europeans by the British asset manager in September, 40% of respondents said the most important financial advice they would give children would be: start saving as early as possible.

OpenGate sells stake in fashion label

Under the terms of the agreement, Kelso Place will use its strong track record in the luxury brand space with brands such as Smythson and Anya Hindmarch, to provide financial, strategic and hands-on, operational support to ensure the further growth of the

Coutts 2012 top five potential positive and negative economic surprises

There are many events that could surprise investors in the year ahead. Here, we present our top five possible positive and negative surprises for the global economy.

Miners see gold price hitting $2,000 this year

Gold will soar to $2,000 (£1,300) an ounce this year, according to industry insiders.

Lloyds chief gives up £2.4m bonus

Lloyds Banking Group chief executive Antonio Horta-Osorio has declined to take an annual bonus for the last year, saying his recent absence and “the tough financial circumstances” facing many Britons made it inappropriate.

Raymond James provides their wealth managers new liquidity tools to compete with private banks

It allows clients to borrow against their investment portfolio

Raymond James expands wealth ops with purchase deal

The combined businesses of Raymond James and Morgan Keegan will create one of the country’s largest full-service wealth management and investment banking firms not headquartered on Wall Street.

Equilibrium AM launches financial planning arm

This is because clients had said they wanted financial advice from Equilibrium, but didn’t feel they could approach an investment management firm because of their lower levels of pensions and savings.

ING May Sell Asian Unit Separately as Europe Markets Worsen

“The Asian business and the opportunities in Asian markets are much more attractive than in Europe at this point in time,” Hommen said.

Arbuthnot expects to post £5m profit

In a pre-close statement issued to the stock exchange this morning (10 January), Arbuthnot bosses said overall 2011 had been a successful year for the banking group.

British wealth firm's assets grew through 2011

Total funds under management at the end of 2011 stood at £15.8bn, up 1.4 per cent over the year.

Rothschild leads the way in weak restructuring market

The total value of completed deals in the EMEA region hit $101.4bn (£65.5m), down 40.4 per cent on 2010, Thomson Reuters data shows.

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