03/12/2012
Women can save Wall St.
The bank collapsed in 2008, sending the economy spiralling.
Wealth and Asset Management
03/12/2012
Webster Bank aims at millionaire depositors
Individuals, businesses, and nonprofits with net worth of $1 million or more are eligible to enroll in Webster Private Bank, Webster said Thursday. The bank did not say what it will charge them.
03/12/2012
Barclays Wealth's latest deal targets 21% return
Barclays Wealth has confirmed the launch the Target Growth plan, a new three-year term structured deposit targeting a maximum 21 per cent return.
03/12/2012
Leading US private bank and wealth management company opens new trust company
Prior to joining First Republic, he worked at Goldman Sachs Trust Company and Neuberger Berman Trust Company.
03/09/2012
Speculation mounts over future for Clariden Leu ILS team
The In$ide Paradeplatz story suggested Clariden Leu was asking SFr20-40mn for the business, which manages more than $2bn assets under the leadership of Michael Stahel.
03/09/2012
MVB Bank launches wealth management solutions unit
This new service is an outgrowth of MVB Bank's expanding community banking client base and demand for wealth management and investment advisory consulting in the West Virginia market.
03/09/2012
Arbuthnot’s Gilliat hedges counterparty risk for wealthy clients
Gilliat places the deposits across five banks to reduce the risk posed by one going bankrupt, the London-based firm said in a March 5 statement.
03/09/2012
Boris warns Coalition on London wealth tax
Business Secretary Vince Cable yesterday went public on Coalition talks on ditching the 50p top rate of tax and replacing it with new wealth levies.
03/09/2012
4% of world's billionaires in India
Mr Slim retained his title as the world’s richest man for the third year in a row. In the second spot is Microsoft founder Gates with a $ 61 billion networth followed by American investment giant and philanthropist Buffet whose networth is $44 billi
03/09/2012
Schroders prepares for board shake-up
“This will remain a very volatile environment,” said Michael Dobson, chief executive. However, he said investor sentiment had improved in the past two months and that Schroders had enjoyed net inflows of retail funds this year.
03/09/2012
Skandia UK announces net client cash flow of £1.8 billion during 2011
Skandia UK, part of Old Mutual Wealth Management, saw positive net client cash flow (net sales) of £1.8 billion during 2011, driven by continued demand for its Skandia Investment Solutions platform.
03/09/2012
ABN Amro hit by 880m euros Greek losses
The losses incurred by its exposure to Greece were in the form of corporate loans guaranteed by the Greek government and not direct loans to the government in Athens itself.
03/09/2012
Skandia International launches new wealth management service
Skandia International, the offshore business of Old Mutual Wealth Management, is responding to the UK's Retail Distribution Review by investing £21m to roll out Wealth Interactive.
03/08/2012
Take taxpayer stakes in RBS and Lloyds and create a wealth fund
The problem is that to achieve Mr Cable's aims could well be highly value destructive and mean the taxpayer has very little chance of getting back much of the £45.5bn directly injected into the bank to rescue it.
03/08/2012
EFG International sells remaining interest in MBAM
The transaction is expected to complete in the second quarter of 2012.
03/08/2012
Societe Generale appoints new private banking head
He joins the Executive Committee of the Private Banking, Asset Management & Securities Services division and reports to Jacques Ripoll, Head of the division.
03/08/2012
Forbes World's Billionaires 2012
The big story this year is churn.
03/08/2012
Chief Executive Women & ANZ partner to boost more women into leadership roles
Chief Executive Women (CEW) and ANZ today announced a new partnership to facilitate more Australian women into leadership positions in business, government and the not-for-profit sectors.
03/08/2012
Van Lanschot net profits fall
Turbulent market conditions, fewer investment transactions by clients and lower interest margin impacted results
03/08/2012
Managed Portfolios at independent wealth manager available via True Potential
The firm confirmed today that the full range of ten risk-graded Growth Portfolios and its two Income Portfolios are now available via True Potential.