02/07/2013
Barclays defers investment bank bonuses
More than 1,000 investment bankers at Barclays have been told they will not receive up-front cash bonuses this year.
Wealth and Asset Management
02/07/2013
Swiss-banking group shuts Asian FoHF, as QIC winds up quant fund
The Swiss firm has shut an Asian fund of hedge funds with significant exposure to China, while Australia's QIC is winding down its regional quant strategy.
02/07/2013
Walker Crips adviser influx prompts 35% revenue rise
Wealth management and pensions firm Walker Crips has reported a jump in revenue
02/07/2013
Coutts launches Investor Insights Blog
Using social media to provide insightful investment commentary
02/06/2013
Private bank Coutts prepares for bear market in bonds
Expects end to 20-year bull run
02/06/2013
SSgA Upromise 529 Plan Tops $1 Billion In Assets
"This milestone represents a successful start for the SSgA Upromise 529 Plan."
02/06/2013
Credit Suisse Returns to Profit and Plans More Cost Cuts
2012 reported core pre-tax income of CHF 2,106 million
02/06/2013
SG Private Banking named Best Private Bank in France and Monaco and for its Structured Products in Europe
Societe Generale Private Banking has won a number of awards from Euromoney Magazine in its Euromoney Private Banking Survey 2013
02/06/2013
Citibank eyes 15% growth in wealth management
Citibank Indonesia is targeting two-digit growth in its wealth management business this year as the company unveils more services to attract more premium customers.
02/06/2013
Manulife Tops Estimates Amid Asian Wealth-Management Demand
Manulife Financial Corp., Canada’s largest insurer, posted fourth-quarter net income of C$1.06 billion ($1.06 billion), above analysts’ estimates, and said wealth-management revenue in Asia reached record levels.
02/06/2013
CBA to snare DIY investors with MyWealth platform
According to the latest ATO figures, there are four new SMSF funds established every single hour.
02/06/2013
Impax hires ex-DWS Investments sales head for discretionary push
Former DWS Investments sales head Stephen Moore has joined Impax Asset Management
02/06/2013
Switzerland reinforces asset management industry
The Swiss financial centre is reputed more for its wealth management than its asset management industry.
02/06/2013
F&C trusts to merge due to 'significant change' in WM sector
The boards of ISIS Property trust and IRP Property Investments are seeking approval to merge the funds
02/06/2013
Art collectors ignore shaky global economy
Sales of Impressionist, modern and surrealist art at rival auctioneers Christie's and Sotheby's saw several pre-sale estimates shattered.
02/06/2013
RBC Wealth Management consolidates Albany area operations
The combined firm has 20 employees, two of whom were hired since RBC moved into the new space in December.
02/05/2013
RBC Increases CEO’s Pay to C$12.6 Million on Record Profit
The country’s largest lender beat its financial targets and posted record annual profit.
02/05/2013
Wealth management Americas lone bright spot for UBS in 4Q
The bank's plan to shed assets and shrink its balance sheet “is going really well.”
02/05/2013
Survey shows where wealth managers are most bullish
Reveals that investors are increasingly moving away from taking a regional approach to emerging markets.
02/05/2013
Atlantic Trust Celebrates Another Record Year
Atlantic Trust attributes its long-standing success to strong client retention and a steady inflow of assets from existing and new client relationships.