07/23/2012
“Against a turbulent market and economic background, Man’s funds under management have declined in the period principally as a result of continued net outflows and the deleveraging of our guaranteed products
07/23/2012
When one sees stories about banks in Hungary, they tend to be tales of woe, both for the banks and the people they (used to) lend to. Not so much for private banking, a line of services that caters to the very top tier of the consumer market, i.e. rich pe
07/22/2012
The study estimating the extent of global private financial wealth held in offshore accounts - excluding non-financial assets such as real estate, gold, yachts and racehorses - puts the sum at between $21 and $32 trillion.
07/22/2012
Credit Suisse, which last week announced it was increasing its capital base by 15.3 billion Swiss francs, would "seek to optimize its current investment bank model," Rohner told the newspaper.
07/22/2012
Since 2008, the financial sector has undergone significant upheaval. It has witnessed the demise of major market participants and experienced intense regulatory scrutiny and change.
07/22/2012
Advisers who are concerned that it is impossible to compare discretionary fund managers’ model portfolios could be about to get a solution, as a wealth manager gears up to launch a performance comparison service.
07/22/2012
Aberdeen Asset Management, the UK fund manager, reported a slowdown in new client inflows in its third quarter as global economic uncertainties dampened demand for its fund products.
07/22/2012
Mirabaud Asset Management has recruited three investment analysts in London to support Daniel Tubbs to manage a long-only UCITS investment fund, which will focus on emerging market equities.
07/19/2012
IRESS, which principally builds and supplies wealth management systems in Australia, first entered the UK market in November last year. It secured a deal with Sesame Bankhall shortly afterwards.
07/19/2012
Today, as the firm undergoes a generational shift to younger bankers, he’s being groomed to run Rothschild and succeed his 69-year-old father, David, within five years, according to three people with direct knowledge of the plan.
07/19/2012
Walker Crips saw its group revenue fall by 31% during the second quarter after completing the sale of its asset management arm to Liontrust.
07/19/2012
In the half year ending 31 May 2012, WH Ireland made a profit before tax of £0.2 million and an adjusted profit before tax of £0.5 million on turnover that increased by 10.4% to £12.6 million.
07/18/2012
The Swiss bank announced Sfr15.3bn ($15.65bn) of capital raising measures, including Sfr3.8bn of mandatory and contingent convertible securities, as it pushed out second-quarter results one week earlier than expected.
07/18/2012
His comments come as the firm launches into the onshore market, with Balfour and Adam & Company’s former head of investment management Harry Morgan (pictured) and investment director Andrew Herberts at its helm.
07/18/2012
The survey also asked for their outlook on the best performing sector of 2012.
07/18/2012
The in-house private bank currently has a little over US$100 billion in assets and about US$50 billion in deposits, he said.
07/18/2012
The idea, first floated by a German economic policy group, calls for imposing a 10 percent tax on the wealth of the richest Europeans and forcing them to lend money to their governments.
07/18/2012
Coutts said, leading a team of specialists, he will consult with clients on the design of bespoke investment strategies and solutions.
07/17/2012
National IFA acquires Barker Poland corporate arm
Barker underwent a restructure in December 2009 in a move which saw its private client wealth management business transferred to newly created Barker Poland Asset Management.
07/17/2012
Despite Libor-mania, rogue trading and mis-selling scandals, our pin-stripped - sorry, striped - friends partied until 6am at the Square Mile’s 7th summer party at McQueen’s in Shoreditch.