11/19/2012
Bank of China wins “Best Private Bank”
At present, BOC has set up private banking branches in 20 key regions across the country,
Wealth and Asset Management
11/19/2012
MPA Financial Management sign strategic outsourcing investment partnership with London & Capital
London & Capital has entered into a partnership agreement with Warwickshire-based financial planning firm, ‘MPA Financial Management’, to provide a comprehensive range of outsourced, discretionary managed investment solutions.
11/19/2012
Liontrust’s Cross and Fosh pour millions more into Brooks Macdonald
The transaction took place on 19 November and was worth around £4 million based on yesterday’s closing price of £12.25.
11/19/2012
Whitechurch brings portfolios to IFA community
Company to bring two existing equity strategies to the IFA market.
11/18/2012
World’s Wealthiest Lose $26 Billion as Fiscal Cliff Nears
Microsoft Corp. (MSFT) co-founder Bill Gates, 57, lost $1.8 billion as shares of the world’s largest software maker retreated 8 percent during the week.
11/18/2012
Spanish bank downsizes its private banking business
The lender expects to complete the integration by 2013
11/18/2012
NBAD wins best private bank award
At a time when private banking has never been under greater scrutiny
11/18/2012
Northern Trust develops new reporting solution
Northern Trust Integro Helps Clients Increase Transparency into Portfolio Holdings
11/18/2012
Lord North Street hires JP Morgan banker for Swiss launch
Swiss Private Investment Office is further step in international expansion
11/18/2012
St James's Place drops GAM's Green and THSP in global equity overhaul
The two firms being brought on board are Magellan Asset Management, based in Australia, and Edgepoint, based in Canada.
11/18/2012
Denmark's biggest bank to target private clients in Ireland
The bank has completed a significant restructure of its Irish business from a traditional retail bank to a specialised bank focussing on corporate and private clients
11/15/2012
Bank’s F1 sponsorship gives high rollers what money can’t buy
The bank acknowledges that there is something more to its sponsorship than meets the eye.
11/15/2012
RBS Seeks Coutts Deal With London 2012 Boss
Taxpayer-backed bank's chairman seeks out-of-court deal with Air Miles tycoon on Coutts mis-selling allegations, Sky News learns.
11/15/2012
At Schwab: Being Fair to Advisers, Sensitive to Clients
Members of a wealth advisory team are highly sensitive to "fairness."
11/15/2012
Lazard reining in wealth management unit
Move is part of cost-cutting but adviser job cuts remain a question
11/15/2012
Barclays Wealth unveils post-RDR advice charges
Barclays Wealth has revealed its post-RDR charging structure with a new rate card for advisory clients.
11/15/2012
ABN AMRO warns bad loans, bank tax to hurt Q4 earnings
The year-to-date underlying net profit, which excludes separation and integration-related expenses, rose 22%
11/14/2012
Asian banks win as rich seek safety
When the world's richest people want to manage and grow their wealth, they now consider safety of assets, not investment return, as the top priority, following the 2008 global financial crisis that originated on Wall Street.
11/14/2012
International funds manager to acquire portfolio of businesses in wealth management
The company has announced that it has commenced due diligence on the acquisition of a portfolio of businesses in wealth management
11/14/2012
Kleinwort Benson assets under management flat
Balance sheet remains strong, with a Tier 1 ratio of 22% in our Wealth Management operations and a strong liquidity position underpinned by our prudent treasury investment policy.