12/12/2012
Sir Keith Mills settles with Coutts over AIG bond dispute
Coutts said in a statement it was pleased to have come to an agreement with Mills.
Wealth and Asset Management
12/12/2012
Sydney Outpaces Melbourne In Australian Ultra Wealthy Rankings - RESEARCH
The rankings reflected the remarkable growth of the ultra wealthy in the country.
12/12/2012
Liechtenstein private bank buys Clerestory, moves into real estate
Aiming to offer clients greater access to real estate expertise and investments, the new firm comprises the group's first major step into real estate investment, managing $25bn AUM on behalf of over 300 institutional clients.
12/12/2012
Jefferies Vows Immediate Cash Bonuses as Big Banks Defer
Paying immediate cash sets Jefferies apart from some competitors as Wall Street seeks to curb compensation costs.
12/12/2012
MUFG to buy BofA Merrrill Lynch's stake in Japan private banking joint venture
Japan's biggest bank will buy Merrill Lynch's 49 percent stake in Mitsubishi UFJ Merrill Lynch PB Securities Co
12/12/2012
Hargreaves Lansdown chief exec Gorham sells £3.35m stake
Gorham sold the shares at the end of a three-year lock-in period in the company’s joint share ownership plan
12/11/2012
Deutsche Bank to Focus on Russia’s Rich After Fund Merger
Germany’s biggest bank agreed to buy the 60 percent in Deutsche UFG Capital Management it didn’t already own a year ago.
12/11/2012
Wealth management will be the next area of development for Islamic finance
The availability of products and services for Muslim high net worth individuals is still limited.
12/11/2012
Matthews Steer Chartered Accountants moves into wealth management
The company will merge its financial planning group with its private client accounting
12/11/2012
Net Worth is Higher, but not Everyone Feels Better Off
More than 60 percent of Millionaires feel that their financial situation has improved over the last year
12/11/2012
China's boom in wealth management products makes economists fear
The mainland's smaller banks boosted sales of wealth management products
12/11/2012
Gold Grows Cold for Millionaires
Ultra wealthy investors appear highly unlikely to increase their investment in gold in 2013
12/11/2012
BBC orders wealth doc series
The series will examine why the world’s wealthiest people are more likely to be younger
12/10/2012
Wealth managers and stockbrokers see growth
The firm calculated that revenue generated by wealth managers and stockbrokers rose by 4.1 per cent
12/10/2012
Newton pInvestment Management puts £3.5bn wealth division up for sale
Newton Investment Management, headed by Helena Morrissey, has put its wealth management division on the auction block.
12/10/2012
ABN Amro Increases Equity Allocation, Cuts Cash Holdings
ABN Amro Bank NV’s wealth-management unit is increasing its allocation for stocks and cleaning out cash holdings as it bets on a rally in European and emerging- market equities next year.
12/10/2012
RBC Leads Bay Street Bonus Rise as Wall Street Faces Cuts
Canadian Imperial Bank of Commerce was the only one among the group to pare its bonus pool
12/10/2012
Weatherbys opts to shut internal investment arm and outsource
The bank said that it remains committed to providing private banking and wealth management services to its clients.
12/10/2012
Deutsche Bank Will Merge Swiss Wealth Management Units
The firm said Oct. 30 it will complete the majority of the job reductions, including 562 in asset and wealth management, by the end of this year.
12/09/2012
Wealthy homeowners await tax shake-up
On Tuesday the government will publish its draft finance bill, which will include details of the annual charge on corporate vehicles – both UK and overseas – used to buy expensive homes. The annual charge proposal was laid out in March’