08/07/2012
Morgan Stanley has told investors its wealth management business, weighed down by an expensive merger integration and a tough market environment, can deliver mid-teens pre-tax profit margins.
08/07/2012
Vestra Wealth partner and former economic adviser to Tony Blair, Derek Scott, has passed away.
08/07/2012
Intesa Sanpaolo private banking posted positive H1 results, with net profits at €68.8m, a 48.1% year on year increase.
08/07/2012
Old Mutual Wealth Management chief executive Paul Feeney says: “Market conditions are undoubtedly challenging for the financial services market but I believe there are significant opportunities to focus on.
08/06/2012
And the report showed how Chinese individuals with more than 10 million yuan (€1.27 million) broke through the one million mark for the first time, up 6.3 per cent on 2011.
08/06/2012
BOCHK AM is going to play a strategic role in supporting the development of BOCHK’s wealth management platform by developing into the preferred product provider and strategic partner of BOCHK’s private banking operation and by becoming a trust
08/06/2012
Theodoros Pantalakis, former chief executive of Agricultural Bank (ATEbank), exported the funds last year as the bank headed for insolvency.
08/06/2012
Crime, high taxes and even the weather are driving a growing number of wealthy Britons to actively consider moving abroad, according to a financial advisory firm.
08/06/2012
Wall Street bankers look set to be hit by severe pay cuts this year as the industry's heavyweights come under pressure to axe costs, recruiters have warned.
08/06/2012
He is the second executive in less than a fortnight to forgo shares because of performance hurdles.
08/06/2012
The business manages some $1.4 billion in assets for high net worth individuals families, endowments and foundations.
08/05/2012
Your humble correspondent’s mind drifts back to December when Magne Orgland, head of asset management at Wegelin & Co, sat in the same room telling the very same story.
08/05/2012
Arbuthnot acquires new London Office
The lease is due to expire in December 2013 and as the building will be 25 years old it is planned that a renovation and fit out programme will be undertaken which is expected to cost approximately £5.0 million.
08/05/2012
Kleinwort Benson Investors is pleased and honoured to have been named "Investment Manager of the Year, Ireland, 2012" by the prestigious World Finance publication.
08/05/2012
Barclays is planning radical bonus reforms that could see staff having to wait until they retire to collect their awards.
08/05/2012
Henderson Global Investors and M&G came second and third, respectively.
08/02/2012
According to a new industry analysis surveying 96 money managers worldwide that oversee approximately $21 trillion in assets, profit margins since the financial crisis have been managed by controlling compensation and benefits expense.
08/02/2012
RBS also unveiled a £125 million bill to cover the cost of its IT meltdown.
08/02/2012
The Group expects to record total net income of roughly CHF 25 million (previous year: CHF 19.4 million) for the first half of 2012.
08/02/2012
The report also found however that the reporting regime around the donations was opaque and that improved reporting standards and disclosure would lead to better targeted philanthropy and significant reputational enhancement for the companies concerned.