01/10/2013
UBP also added eight staff during the year to bring its Asia headcount to 26 (20 in Singapore and six in Hong Kong), around half comprising client-facing relationship managers and advisers. One executive joined from Swiss rival BSI last month and another
01/10/2013
Financial terms of the agreement were not disclosed. The acquisition is expected to be completed early in 2013, subject to customary closing conditions and regulatory approval.
01/10/2013
The Liontrust European Absolute Return Fund has been removed from the Wealth 150 list of our favourite funds in each sector.
01/09/2013
Rathbones looks forward to 2013 with more optimism, although markets do remain fragile as governments, particularly in the US, the UK and the Eurozone, battle with difficult economic and financial conditions.
01/09/2013
When it comes to private banks it seems size really does matter, after NAB Private Wealth was named the best one in Australia by publication Asian Private Banker.
01/09/2013
The strategy will offer flexible management on all traditional asset classes and aims for long term capital appreciation and protection in case of market losses through its reactivity and flexibility in tactical choices.
01/09/2013
A Royal Bank of Canada executive said the cash, stocks, bonds and other assets it holds for sovereign wealth funds in the Middle East grew by 20 percent in 2012 as the funds seek to diversify away from riskier banks.
01/09/2013
In this year's global survey, RBC Investor Services finished first in eight of the 12 service categories, helping to secure its number one position in the un-weighted overall ranking.
01/09/2013
Switzerland's UBS has yet to purge itself fully of the culture of arrogance that put it at the centre of a global interest rate scandal.
01/09/2013
Bellpenny now has 2,500 clients.
01/08/2013
Wishnia will join Argent Financial Group's board of directors
01/08/2013
"We all got probably too arrogant, too self-convinced that things were correct the way they were - I think the industry has to change," Andrea Orcel told Britain's Parliamentary Commission on Banking Standards, set up after the Libor affair
01/08/2013
"The ending of life companies paying commission to IFAs and other sales people should help to lower new business churn and improve margins. Adjusting business models to cope with this may not be easy."
01/07/2013
Independent advisory firm Merriman LLC joined Focus Financial on Dec. 31.
01/07/2013
The firm said it made no acquisitions in 2011 and in fact declined on a number of offers.
01/07/2013
Sarasin & Partners have announced that the two funds of funds, the Sarasin Global Diversified Fund of Funds and the Sarasin Global Equity Fund of Funds, which were launched last year, have been added to a range of platforms.
01/06/2013
The country’s entrepreneurs are increasingly drawing on private bankers’ skills as they seek out new sources of income and ways to pass on wealth to younger family members.
01/06/2013
The year ahead is set to be as tumultuous as the past few years as the eurozone continues to navigate its way out of a debt crisis, the BoE welcomes a new governor and the US tackles the fallout of the fiscal cliff.
01/06/2013
Unprecedented signing bonuses, cultural changes linked to acquisitions, a push to cross-sell company products, and a growing charm of joining regional outfits contributed to many of these exits which are likely to continue this year, recruiters and broke
01/06/2013
All independent financial advice previously provided by Clarion will be provided by Clarion Wealth Planning. Discretionary investment management services will now be supplied by Clarion Investment Management.