01/05/2012
SocGen to replace private bank head
SocGen, France's second-listed bank, is cutting jobs, selling assets and overhauling management under Chief Executive Frederic Oudea as it seeks to restore investor confidence after a brutal 2011.
Wealth and Asset Management
01/04/2012
Asset managers hope that 2012 will be brighter year
The year was “nerve shredding,” says Michael McLintock, chief executive of M&G, the UK manager owned by Prudential.
01/04/2012
Family offices to increase collaboration in 2012
The London-based advisory group said structures that allow family investors to share knowledge and co-invest, such as investment committees and roundtables, will become more commonplace this year.
01/03/2012
IPOs sees erosion of about one-third value of total issue size in 2011
The present value of the total public issues during the year worked out to about Rs 9,500 crore, reflecting a loss of over Rs 4,500 crore or nearly 33 per cent for those who invested in these offerings.
01/03/2012
EFG sells Denmark unit
The move is part of EFG's business review programme, it said.
01/03/2012
Private client wealth manager inks deal with SEI
This relationship is another positive signal to the market of the growing acceptance of Global Wealth Services for UK Private Client Managers serving HNW clients.
01/03/2012
UK Wealth Management is on the acquisition trail
The private equity-backed business is well placed to capitalise from significant demographic and regulatory changes which are set to shake up the wealth management industry.
01/02/2012
Crispin Odey: 'horrble' 2011 has produced bargains
At the close of a tumultous twelve months on the markets, hedge fund manager Crispin Odey has described 2011 as a "pretty horrible year", but pointed to opportunities in 2012 presented by cheap prices.
01/02/2012
Barclays stockpiles 'losses' to soften tax obligations
Barclays has amassed a war chest of "losses" to offset against future tax payments that can almost rival those at the crippled state-backed banks, despite remaining strongly profitable.
01/02/2012
EFG sells Denmark unit
The move is part of EFG's business review programme, it said.
01/01/2012
Libor scandal hits traders as RBS 'cuts bonuses'
Royal Bank of Scotland plans to claw back bonuses from staff to cover the cost of an expected £350m fine for rigging the Libor rate.
12/27/2011
Family offices looking to grow wealth
Family offices would benefit from taking a three-pronged approach to managing their assets if they want to grow wealth in the current risky economic climate, according to investment manager Stefan Angele.
12/27/2011
UK charities set to get extra £1bn a year through tax relief scheme
'C-volunteering initiative' designed to encourage business donations could raise charities' income by 10% annually
12/27/2011
£1.4m for Brewin’s directors
Brewin’s annual report revealed that the bonuses were down from £1.7m in the previous year.
12/27/2011
Banks and ABI to hold talks over 'out of control' bonuses
Major shareholders are preparing to meet top UK bank executives "behind closed doors" in the new year to thrash out concerns over excessive pay ahead of the crucial bonus season.
12/26/2011
Schroders 2012: A year in the global economy
Keith Wade, Chief Economist & Strategist, and Azad Zangana, European Economist, look ahead into 2012
12/26/2011
Archbishop queries bankers' bonuses
Writing in the Yorkshire Post, the archbishop said the UK needs a "sustainable steady economy in which the emphasis is placed on greater equality".
12/19/2011
Advisers set to face GBP40m in levy next year
The extra payments have gone to clients who lost out when a handful of investment companies collapsed, causing a deficit in the FSCS’s investment intermediation sub-class.
12/19/2011
Failed broker's client positions in hand: KPMG
KPMG also said in an emailed statement on Friday it had recovered about 600 million pounds ($929 million) of client monies from exchanges and clearing houses, and 200 million of MF Global's cash.
12/16/2011
Former Moore trader to liquidate credit hedge fund
The fund lost 8.9 percent for 2011 through November, according to a person familiar with the matter, who asked not to be identified because the information is private.