09/20/2012
Towry streamlines with £47m debt package
The package, arranged by private equity majority owners Palamon Capital Partners, replaces an existing "mezzanine" facility, a form of debt more expensive to service than a standard loan.
09/20/2012
JP Morgan Asset Management has outlined its plan to offer three share classes post-Retail Distribution Review and has placed the onus on advisers to pick the right share.
09/19/2012
Brooks Macdonald will operate a restricted asset management business and independent financial planning business once the retail distribution review is implemented, the firm has announced.
09/19/2012
Roger Weatherby, chief executive of Weatherbys Bank and chairman of Weatherbys Hamilton, said: "We have been looking at ways to expand our insurance business for some time, and the opportunity to form a joint venture with Charles Hamilton is a natura
09/19/2012
After signing the deal, RHJ's wealth-management unit Kleinwort Benson, which would ultimately acquire BHF, would file for the approval of Germany's banking watchdog BaFin, the person added.
09/19/2012
The talent squeeze is so serious that financial firms are having trouble dealing with the clients who come through the door.
09/19/2012
ANZ has reportedly walked away from a plan to acquire a Hong Kong bank after a disagreement over price, signalling a strategy shift that is more focused on organic growth.
09/19/2012
The capital increase to be conducted by way of a rights offering (inclusive of pre-emptive subscription rights of the existing shareholders) in the amount of up to CHF 500 million is expected to take place in October 2012, market conditions permitting.
09/19/2012
Despite a fall in bonuses paid in the financial sector, they remain markedly higher than in any other area of the economy.
09/18/2012
UBS analysts highlighted rising corruption in report.
09/18/2012
The next generation’s approach to philanthropy is dramatically different than that of their grandparents and parents.
09/18/2012
As a family’s wealth and fame grow, so does a family’s attractiveness as a target for identity theft, fraud, extortion, robbery and a host of other crimes.
09/18/2012
Steady but uneven growth makes Asia-Pacific’s population of High Net Worth Individuals the largest in the world
09/18/2012
A leading financial services expert has highlighted the urgent need for more investment products aimed at the wealthy, as Chinese incomes rise and people look forward to enjoying longer retirements.
09/18/2012
A survey of top investment bankers has found that "short-term performance" is their priority.
09/18/2012
Business sentiment among Asia's top companies fell for the second straight quarter, dragged down by export-orientated economies such as China and Japan, while domestic spending helped boost Southeast Asia's outlook, a Thomson Reuters/INSEAD surv
09/18/2012
Most of the Swedish bank's employees benefit from a profit-sharing scheme … apart from those working in the UK
09/18/2012
T. Rowe Price expands Swiss private banking and wealth management team
The Swiss market remains a pivotal region for private banking and fund investing and the maturity of the market place is a good match for the quality of T. Rowe Price's products, the firm's general investment capabilities and its client focus.
09/18/2012
AXA Wealth has launched FocalPoint, a new online RDR support hub featuring a series of modules designed to help advisers at every stage of their RDR journey.
09/17/2012
Fall-out from the controversy surrounding the London interbank offered rate (Libor) fixing scandal, together with US investigations into alleged money laundering by several banks, including HSBC and Standard Chartered, have left a bitter taste in the mout