05/16/2013
ABN AMRO cuts 400 jobs as prepares for eventual sale
State-owned Dutch bank ABN AMRO is to cut 400 jobs, about 2 percent of its workforce, as it prepares for an eventual sale.
Wealth and Asset Management
05/16/2013
Saunderson House gains 43 clients in three months
This represents a slight increase to the company’s client bank
05/15/2013
Societe Generale Private Banking and Campden Wealth announce "Campden European Families in Business Awards 2013" shortlist
The Awards highlight family businesses and leaders who have a remarkable history and have in common that they are drivers of economic growth in Europe.
05/15/2013
IFA buys two adviser client banks
The firm says it is on the lookout for more acquisitions
05/14/2013
China expands crackdown on wealth management fund pools to non-bank financials
The rise of WMPs has been fuelled by Chinese depositors' hunger for yields above the central bank's benchmark deposit rate
05/14/2013
Julius Baer reports 16% increase in AUM
Interim Management Statement for the first four months of 2013
05/14/2013
BNP Paribas Launches the BNP Paribas Individual Philanthropy Index
BNP Paribas has launched a first of its kind Individual Philanthropy Index which measures and reflects the commitment of individual philanthropists from Europe, Asia and the Middle East.
05/14/2013
HSBC Signals 14,000 Jobs Cuts in $3 Billion Savings Plan
The bank expects to reduce the number of employees
05/14/2013
Blue-blooded Swiss banks bid for UK retail business
Swiss bank is changing the direction of its $11bn asset management business by expanding its presence in the UK wholesale market, necessitating high-profile appointments
05/14/2013
Sallie Krawcheck to Buy 85 Broads Women’s Network
I am becoming involved with and investing in 85 Broads because investing in women is smart business
05/13/2013
Dutch bank Van Lanschot to cut 250 jobs in reorganisation
Strategic choice for activities that preserve and create client wealth; Van Lanschot welcomes starters building wealth and deepens online offering
05/13/2013
Wealth manager Rathbones upbeat as assets jump 12 percent
Boosted by buoyant financial markets and recent takeover activity
05/13/2013
Vestra Wealth plans to exploit FATCA opportunity with Vestra US
The new company is aimed specifically at clients that face the complex regulatory and tax issues
05/13/2013
EFG International looks to increase dividend payouts
Swiss private bank EFG International plans to return more cash to shareholders having emerged from a two-year restructuring campaign to get back into profit, its chief executive told Reuters.
05/13/2013
Lord Rothschild's RIT Capital makes history after passing £2bn mark
Lord Jacob Rothschild's investment company RIT Capital Partners has seen its assets exceed the £2 billion mark for the first time in its history.
05/12/2013
Some Financial Advisers May Have PTSD Following 2008 Crisis: Study
The purpose of this study was to measure the psychological impact of the 2008 financial crisis on financial planners.
05/12/2013
Wealth managers - don't write that book!
Sometimes advisers feel they have a mission or a calling
05/12/2013
HSBC puts a slice of private bank up for sale
HSBC has put part of its global private bank up for sale. It has reclassified assets as non-core, which reduced revenues and pushed the operation into the red in the first three months of this year.
05/12/2013
Johim posts 10% profit rise ahead of Credit Suisse spin-out
JO Hambro Investment Management went into its March part management buyout from Credit Suisse on the back of a near 10% rise in profits in 2012
05/12/2013
Hewins Financial Launches Cue Wealth Management Solutions
Hewins Financial has designed Cue in affiliation with Wipfli LLP as a strategic partnering platform for select CPA and RIA firms