01/16/2013
Citi Falls Short on Earnings; Blames New Regulations
Fourth Quarter Results Included $1.3 Billion of Legal and Related Expenses
Wealth and Asset Management
01/15/2013
Billions in bankers' bonuses could be delayed until April when top rate of tax is cut
City firms planning to defer bonus payments until after top 50p tax rate drops to 45p
01/15/2013
China sovereign wealth fund may cut US debt holdings
“From a long-term perspective, it is not a good investment target.”
01/15/2013
Bendigo Wealth ahead of targets
Bendigo Wealth Management is ahead of its three-year targets, as the company continues to look for expansion.
01/15/2013
UBS launches China unit, eyes wealth management business
"It is UBS's plan to be one of the leading wealth management providers in China and the subsidiary bank is critical to realize this goal", the statement added.
01/15/2013
Arbuthnot Banking in line with market expectations
Arbuthnot Latham took advantage of the prevailing market conditions by hiring a number of executives in the fourth quarter, who will help the business to focus on growing its wealth management franchise for customers based both here in the UK and internat
01/15/2013
CNB Bank names new VP of wealth and asset management division
CNB Bank, which provides trust and asset management services
01/14/2013
Wealthy buyers brush off UK's new taxes
Many super-prime homes are owned by shell companies set up in tax havens such as the Cayman Islands to avoid transaction levies and to remain anonymous.
01/14/2013
Regions Picks Prudential's Wealth Platform for Its Institutional and Private Clients
"Our goal is to give our wealth advisors in the field all the tools they need to help our clients achieve their goals."
01/14/2013
BNP Paribas Wealth Management reinforces its investment strategy
BNP Paribas Wealth Management is strengthening its investment strategy resources in order to meet the growing demand from its Private Banking clientele for market intelligence.
01/14/2013
US Trust Focuses on the Family
U.S. Trust has introduced Family Wealth Services, a comprehensive approach to meeting the specialized needs of high net worth families and the increasingly complex issues that parents, children and extended family members now face.
01/14/2013
Liontrust retail assets hit £2bn as inflows soar
Net inflows of £64 million in the Interim Period, over four times the equivalent period last year
01/13/2013
Sanlam looks to treble assets through regional expansion
The group is eyeing up the Midlands, Ireland and Scotland...
01/13/2013
ABN AMRO rolls out Asia-focused discretionary portfolio management
Anticipating the growth of DPM services in the region, ABN AMRO Private Bank recently rolled out four Asia-focused DPM mandates that invest only in Asia securities.
01/13/2013
The View from Goldman Sachs’ Private Wealth Unit
The bank’s ultra high net worth clients, Mossavar-Rahmani said, are “the only constituent that can afford to have a very long horizon.
01/13/2013
The Rich Are In Control
The days of advisors independently managing vast sums for extremely wealthy investors are over.
01/13/2013
Wealth management industry wary over year ahead
Retail investors still nursing 2008 wounds
01/13/2013
Wells Fargo’s Wealth Unit Generates Double-Digit Earnings Growth
“2012 was an outstanding year for Wells Fargo.”
01/13/2013
Sheffield Haworth wealth push
Recruitment consultant Sheffield Haworth, backed by Michael Spencer, is making a push into the wealth management sector
01/13/2013
China orders banks to control wealth product risks
The China Banking Regulatory Commission said banks would also be barred from selling private equity funds