10/15/2012
Goldman Sachs swings to profit
The firm ranked first in worldwide equity and equity-related offerings and common stock offerings for the year-to-date.
Wealth and Asset Management
10/15/2012
Vikram Pandit Steps Down as CEO of Citigroup
Board praised Vikram Pandit's "leadership, integrity and resilience in guiding Citi through the crisis and positioning it well for the future."
10/14/2012
EFG International seeks to boost its presence in Asia
Meanwhile, the bank has been unwinding operations in other markets as part of its restructuring plans
10/14/2012
Royal Bank of Canada targets Asian wealth
RBC Wealth Management, the world's sixth largest wealth manager by assets under management, is seeking small to medium-sized asset managers in Asia, and plans to more than double client manager numbers by 2015.
10/14/2012
Why You Should Worry About China’s Wealth Management Products
Wealth management products, or WMPs, might be the best thing that ever happened to Chinese savers.
10/14/2012
Citi Profit Slides, but Core Businesses Show Strength
Revenue decreased to $19.4 billion from $20.83 billion a year ago.
10/14/2012
Aberdeen Asset opens New York office
The New York office will serve as a business development and marketing center and complements Aberdeen’s North American headquarters in Philadelphia, as well as the company’s on-the-ground business development presence in Chicago, Miami, San F
10/13/2012
Leading Swiss Private bank to slash 10,000 jobs
The banking giant could shed 10,000 jobs in the near future, according to a report on Saturday in the Tages Anzeiger daily.
10/11/2012
Swiss Banks Focus on Risk as Clients Seek Security, Odier Says
“Risk appetite has become core to the private banking service again,
10/11/2012
Morgan Stanley Wealth Management continues adviser expansion focus
Following the company's joint venture with Citibank in June 2009, Morgan Stanley Wealth Management has added 45 advisers to its network and plans to continue building.
10/11/2012
Hargreaves Lansdown reports record AUA and revenue
Record level of Assets Under Administration, increasing by £2.2 billion in the three months to 30 September 2012 to £28.5 billion.
10/11/2012
Skandia cuts 200 jobs as it rebrands to Old Mutual Wealth
Group set to slash headcount as it merges Skandia businesses.
10/11/2012
Managing Family Art Wealth Demands New Standards and Techniques
Many wealthy families are art lovers, own collections or actively buy and sell in the art market.
10/11/2012
Can Smith & Williamson make its mark on IFAs?
The focused approach to funds taken by S&W Investment Management has seen it make great strides among its target wealth managers. Now it wants to do the same with IFAs.
10/11/2012
JP Morgan's profit rises 34%
Results topped Wall Street expectations.
10/11/2012
Ashcourt Rowan looks to expand financial planning arm with new offices
The firm has also made a number of job cuts at its Bath office, including intermediary relationship manager Derek Geen leaving.
10/11/2012
French wealth management firm takes over boutique
They have joined forces with the Paris-based firm as it aims to build a 'multi-boutique' concept by joining forces with independent partners.
10/10/2012
Gibraltar-based Private Wealth Manager Appoints RBC Investor Services
“From the outset, we have appreciated RBC Investor Services’ consultative approach and advice on aspects such as operational and risk management. When considering adopting a global custody model we were further convinced by their demonstrable
10/10/2012
Liechtenstein-based Bank denies Asia pull-back rumours
Nevertheless headhunters in Hong Kong and Singapore confirm departures, with seven recently recruited relationship managers having exited only this month.
10/10/2012
Liverpool-based wealth management company is expanding
The company provides clients with a private web portal to view and manage investments and delivers a valuation of their portfolio every time the system is accessed.