05/11/2012
Butterfield seeks to cash in on London high-end property boom
The Bermuda bank’s UK operation is among a growing number of foreign private banks entering the London mortgage market by offering home loans in excess of £1 million.
Wealth and Asset Management
05/11/2012
Barclays Seeks 25% Revenue Growth in Middle East, Africa
The Middle East and Africa generated about 5 billion pounds ($8 billion) of revenue for Barclays last year, about 15 percent of the global total, according to the London-based company’s annual report.
05/11/2012
Wealth manage signs up to Liverpool Futures apprenticeship scheme
The St Paul’s Square-based wealth management company is supporting the Liverpool Futures initiative, a Community Interest Company created by Liverpool Chamber of Commerce, Liverpool Council and Liverpool City College to boost employment in the city
05/11/2012
Control issues affecting wealth transfer to next-generations
More than $25 trillion (€19.32 trillion) is expected to pass from one ultra-high net worth generation to the next by 2050, but issues over giving up control and empowerment are affecting decisions about wealth transfer.
05/11/2012
Rothschild in major Middle East scale back
The cutbacks signal the extent to which some global banks are struggling to win business in the region, after launching ambitious plans during the boom years.
05/11/2012
Lloyds private bank merges ultra and HNW units
Lloyds TSB Private Banking has streamlined its high and ultra-high net worth private client divisions by merging the two departments into a single unit.
05/11/2012
Credit Suisse makes senior management changes
Credit Suisse today ( May 11) announced the following changes to its Executive Board, effective May 31, 2012.Credit Suisse today ( May 11) announced the following changes to its Executive Board, effective May 31, 2012.
05/10/2012
Wealth group looks to U.S. and frontier markets as portfolio recommendations
Portfolio Team Continues to Recommend Munis; Favors U.S. Large Cap Equities and Frontier Market Exposure vs. Developed European Stocks
05/10/2012
Top 21pc of bankers make up 46pc of Merrill's earnings
Nearly 46 per cent of the revenue received by Merrill Lynch's Global Wealth Management unit last year came from just 21 per cent of its top-producing brokers, about 2,500 people, according to copies of the reports reviewed by Reuters.
05/10/2012
Rathbone Brothers Reports Rise In Q1 Net Operating Incom
The independent provider of personalized investment and wealth management services stated that net operating income in Investment Management increased 11.8 percent year-over-year during the first quarter to 37.9 million pounds from 33.9 million pounds rep
05/10/2012
HSBC In Talks To Sell South American Operations
The U.K.-based bank didn't elaborate on the talks or give financial details in a brief statement to the Hong Kong stock exchange, but said it will make a further announcement "if and when appropriate."
05/10/2012
Noah Holdings reports 10.8% increase in revenue
Noah Holdings Limited, the leading independent service provider focusing on distributing wealth management products to the high net worth population in China, today announced its unaudited financial results for the first quarter of 2012.
05/10/2012
Stifel Global Wealth Management division reports strong first-quarter
Stifel Financial Corp.'s first quarter profit increased 11 percent in the first quarter.
05/10/2012
Wealth chiefs demand greater FSCS levy transparency
Wealth management chiefs have hit out at the lack of transparency over how the Financial Services Compensation Scheme arrived at its £265 million levy for 2012 and 2013.
05/10/2012
Axa Wealth teams up with Ashcourt Rowan
Ashcourt Rowan has made its discretionary fund management services available on Axa Wealth’s Elevate platform.
05/10/2012
Fidelity launches new products for HNW's
Fidelity Investments Canada ULC today announced the launch of three new investment solutions, spanning fixed income, capital yield and Canadian equity categories.
05/10/2012
Shipman Financial acquires rival IFA
The latest deal was prompted by the retirement of co-founder John Pratt
05/09/2012
AFH launches wealth management venture
The JV enables AFH to access the influential South Wales market and grow the new brand quickly and efficiently.
05/09/2012
Philanthropy: Rich seek better guidance on how to give away cash
In less than a decade, philanthropy offices have become an integral part of the world’s largest private banks and wealth management providers.
05/09/2012
Private investment banking overshadows asset management
That is the view of Francesco de Ferrari, Asia-Pacific head of private banking for Credit Suisse, who is faced with tripling the size of the business in a testing climate and a competitive landscape.