09/24/2012
Wealthy Asians eye London's commercial real estate market
Asian investors have been increasing their investment in central London, especially in the commercial real-estate market, according to the firm.
Wealth and Asset Management
09/24/2012
A real wealth of success as Close Brothers gets it right
It won’t be long before the market realises the worth of the latter business and Prebensen renames it Close Brothers Wealth Management.
09/24/2012
Coutts appointments General Manager for Asia
The General Manger will bring together all components of the business and enhance connectivity with our UK and Swiss hubs. Currently based in London as Chief of Staff for the Wealth Division,
09/23/2012
Connaught Asset Management in administration
The directors of Connaught Asset Management have placed the company into administration.
09/23/2012
Swiss private bank to cut up to 880 jobs at Bank of America Merrill Lynch
According to Der Sonntag, Baer faces substantial overlaps in Singapore, Hong Kong, the City of London and in Switzerland.
09/23/2012
Orcel's revolution only just starting at UBS
Many long-standing UBS bankers have so far welcomed the shake-up.
09/23/2012
Canaccord Financial acquires UK private client division
It is strategically and culturally complementary to Canaccord's existing business, and excluding restructuring and other charges, is projected to be accretive to earnings in the first year.
09/23/2012
Barclays wealth and investment management announces South West expansion
Barclays has today announced its growing strength in the South West with the planned expansion of its wealth and investment management service in the region.
09/23/2012
Net outflow at Aberdeen but quality improves
Assets under management rose by 1% in the two months to £184 billion but there was a net outflow of about £100 million. That figure hid an inflow of £6.1 billion into higher-margin business against a £6.2 billion departure from lo
09/23/2012
Skandia eyes stakes in advisers using Old Mutual war chest
Investment Week understands new CEO Paul Feeney has been given a mandate from the Old Mutual PLC board to invest in restricted firms.
09/20/2012
Private banks pull out marketing tricks
When it comes to private bank marketing, tricks of the trade abound.
09/20/2012
Wealthy need to “push back” against government taxation, says leading wealth manager
Super-wealthy are on “tipping point” of leaving London
09/20/2012
Towry streamlines with £47m debt package
The package, arranged by private equity majority owners Palamon Capital Partners, replaces an existing "mezzanine" facility, a form of debt more expensive to service than a standard loan.
09/20/2012
JPMAM unveils plan to offer three share classes post-RDR
JP Morgan Asset Management has outlined its plan to offer three share classes post-Retail Distribution Review and has placed the onus on advisers to pick the right share.
09/20/2012
Wealth Management made easy
Portfolio and Client Relationship Management
09/19/2012
Deutsche Bank eyes double profits after merger
Unveiling AWM's newly formed executive committee this week, the bank aims to reverse its recent poor performance which saw Q2 profits drop significantly.
09/19/2012
Brooks Macdonald will operate a restricted model
Brooks Macdonald will operate a restricted asset management business and independent financial planning business once the retail distribution review is implemented, the firm has announced.
09/19/2012
Weatherbys launches HNW broker
Weatherbys has teamed up with Charles Hamilton to launch high net worth intermediary Weatherbys Hamilton.
09/19/2012
Deutsche Bank acquires BHF BankKleinwort Benson in German wealth foray
The transaction is subject to regulatory approvals.
09/19/2012
Generali to merge French and Italian AM businesses
The firm is carrying out a major restructuring process to create a new European asset management company, Citywire Global can exclusively reveal.