09/11/2012
Family Businesses prove resilient - RESEARCH
Credit Suisse Family Business Index has outperformed the market over the past 5 years by 8%
Wealth and Asset Management
09/11/2012
Investec’s acquisition boosts Aum
Williams de Broë has been swallowed up by Investec Wealth and Investment in an acquisition that has boosted IW&I’s assets under management to £20bn, Jonathan Wragg has claimed.
09/10/2012
Arbuthnot Latham turns to Swiss for overseas ambition
Arbuthnot Latham is looking to launch an offshore arm as it gears up for growth under the leadership of new chief executive James Fleming.
09/10/2012
JP Morgan Private Bank Sponsors Major UK Philanthropy Award
J.P. Morgan Private Bank is to sponsor the UK-focused 8th biennial Beacon Awards for Philanthropy, which honor individuals for exceptional work and best standards in the sector.
09/10/2012
Barclays could cut controversial tax unit, says Rich Ricci
Barclays could cut its controversial tax advisory unit as well as stop the sale of complex products to small business customers as part of a review of its scandal-hit investment banking arm.
09/10/2012
Deutsche Bank to cut costs and bonuses
Bank signals more jobs could go amid plans to cut costs by €4.5bn a year and slash bonuses to senior staff
09/09/2012
France’s richest man turns to Belgium as wealth tax looms
He lives in Paris and has a home in Brussels, the daily said. “Contrary to the reports published today, Mr Bernard Arnault states that he is and will remain a French tax resident,” a statement put out by Arnault’s press office said.
09/09/2012
Nice little earner: Billionaire to pocket £45m in investment firm dividends
He led a management buyout of Ashmore from Australia's ANZ bank in 1999, owns 42 per cent of the shares in the firm which specialises in emerging market investment.
09/09/2012
Cheshire firm boosts assets by £22m with acquisition
Clarion, which has 13 staff, has around £100m funds under management.
09/09/2012
Skandia brand to disappear as Old Mutual overhauls wealth arm
The unit falls under the remit of the Wealth Management businessrun by former BNY Mellon head of distribution Paul Feeney.
09/09/2012
Deutsche Bank CEOs Tackle Ackermann Legacy in Overhaul
Deutsche Bank co-Chief Executive Officers Anshu Jain and Juergen Fitschen, less than four months after taking over from Josef Ackermann, may be preparing the largest revamp at Europe’s biggest bank in eight years.
09/06/2012
U.K. Rich Unmoved by Tax Hike as Luxe-Home Sales Surge
The British government’s plan to raise a tax on luxury-home purchases sparked a last-minute dash by real-estate brokers to wrap up deals before the deadline hit in March. They needn’t have bothered.
09/06/2012
James Brearley back in black and on bid hunt after restructure
James Brearley is back in the black after slashing nearly £1 million from its wage costs following a restructure.
09/06/2012
Walker Crips rolls out bespoke discretionary service
Walker Crips is seeking to increase its presence in the adviser outsourcing space by rolling out a bespoke discretionary service, alongside a model portfolio range to intermediaries.
09/05/2012
Appointments as Investec Wealth & Investment integrates Williams de Broë
Investec Wealth & Investment has announced that the transfer of Williams de Broë employees and client accounts has taken place successfully and the businesses have now been combined under the single brand of Investec Wealth & Investment.
09/05/2012
Chartis PCG and Markham Private Clients in exclusive HNW deal
Guy Huntley, UK head of the PCG, commented: “I am delighted with our partnership with MPC, which will bring a range of benefits to both brokers and clients. Read more: http://www.insuranceage.co.uk/insurance-age/news/2203396/chartis-pcg-and-markham
09/04/2012
UBS’s Ermotti Warns Staff on Misconduct Before Adoboli Trial
The former trader at the firm’s investment bank in London pleaded not guilty in January to charges of fraud and false accounting.
09/04/2012
City slams wealth tax
“There is likely to be another exodus of wealthy individuals if Nick Clegg manages to introduce a wealth tax,” said partner Camilla Wallace.
09/04/2012
Commerzbank CEO: pay must realign to industry levels
"It would be appropriate if excessively high pay would narrow again towards that in industry," Blessing said, adding however, that any bank that took the first step to curb pay risked losing talented employees to rivals.
09/04/2012
Wealth manager launches seven risk-rated portfolios
The portfolios can invest in funds, exchange-traded funds and some direct bonds and there is a possibility it will one day invest directly into stocks and shares.