02/02/2012

Jefferies buys RBS' historic UK broker

Hoare Govett had been one of the most historic and prestigious brands in British stockbroking for much of the 20th century, along with Cazenove, but analysts felt its brand value had been diluted after it got absorbed into ABN AMRO.

02/02/2012

Richardson GMP Looks To Acquire Boutique Wealth Manager

Andrew Marsh said the firm would be open to acquiring an independent wealth management firm that focuses on wealthy families, entrepreneurs, and business owners. He said the firm wasn't in talks with any possible targets now.

02/02/2012

Up to 100 Coutts staff face axe in restructure

Up to 100 of Coutts’ front office staff face the prospect of redundancy, following the bank’s decision to separate its wealth management and private banking functions in the run-up to the retail distribution review.

02/01/2012

Euroclear reports strong 2011 operating performance

As trading volumes varied by country and asset class in 2011, operating performance fluctuated among the Euroclear entities, with some experiencing year-over-year gains in some measures while declining in others.

02/01/2012

Mariner Wealth buys Tulsa-based wealth management firm

Shoulders, Adams Hall’s CEO, had recently acquired the ownership interests of F&M Bank & Trust Co. in Tulsa, said Martin Bicknell, CEO of Mariner Wealth. F&M Bank had owned more than half of Adams Hall.

02/01/2012

Asian entrepreneurs aim for greater wealth

The report, published by Standard Chartered, SEI Global Wealth Services and Scorpio Partnership, studied 3,300 high-net-worth individuals with an average of $2m worth of assets.

01/31/2012

Lloyds withdraws charity credit cards

Although the charities have expressed disappointment at Lloyds’ decision they say that they hope to explore other opportunities with the bank.