01/31/2012
Luxembourg eyes huge spend from Qatar
Luxembourg’s 40-year-old finance centre finds immense opportunities for co-operation with the Qatar Financial Centre (QFC) in management and investment funds; wealth management; and trade and corporate finance.
01/31/2012
Swiss private bank sued in Singapore over minor’s risky trades
“The trades were carried out through the instigation of Chwee without any consultation with WF Ow,” the Ows said in their lawsuit.
01/30/2012
Hester is set to be awarded 3.6 million shares, worth about 963,000 pounds, for last year.
01/30/2012
One of Barclays’ top 10 investors is reported to have said: “If the bank doesn’t exercise real restraint then it faces a shareholder rebellion.”
01/30/2012
Just 7% of those questioned supported £1 million salaries for chief executives of firms in the Ftse 100, while only 1% said senior bosses were worth the £4 million currently earned by those at the top end of business.
01/30/2012
Jean-François Boutringain, 49, has been appointed Chief Operating Officer, for Brand, Communications and Quality for the BNP Paribas Group, in charge of coordinating teams and resources.
01/30/2012
The opt-in program allows members to select from a rotating menu of charitable initiatives and desired raffle prize.
01/30/2012
Nicola Horlick gets back down to business with Rockpool
In recent years, she has focused her efforts away from the financial markets, raising money for private film ventures and a small chain of restaurants to be named after her daughter, Georgina, who died of leukaemia in 1998.
01/30/2012
French banks intend to cut bonus payments for 2011 by between 40 percent and 50 percent, Le Journal du Dimanche reported, without saying where it obtained the information.
01/28/2012
Emerging markets are expected to increasingly decouple from developed markets and as such offer a diversified investment opportunity.
01/27/2012
For some bankers, including a number in Asia, total pay will only drop by about 20 percent, said one of the people who declined to be identified because they weren’t authorized to speak publicly.
01/27/2012
One of the 104 investment bankers suing for €50m in unpaid bonuses told the UK High Court on Thursday he had expected a further €300,000 bonus in 2008 despite already receiving a €300,000 guaranteed bonus from Dresdner for that year.
01/26/2012
Succession could seek an initial public offering or private equity investment once it reaches its target of £7bn funds under influence, its chief executive has said.
01/26/2012
Quilter operates with customers who have at least £200,000 (€240,000) in assets, and it has 26,000 clients in Britain and Ireland.
01/26/2012
The insurer yesterday said it would create a single wealth management unit in Europe, which analysts suggested would improve efficiency, while sharpening its focus on expanding revenue.
01/26/2012
Quilvest Group was originally set up as an independent adviser to support the Bemberg family in the management of its estate in France.
01/26/2012
Wealthy Chinese are snapping up gold, Rolls-Royces and yachts, Louis Vuitton, Chanel and Gucci faster than ever before, with increases registering not in baby steps, as a decade ago, but in giant leaps — 20, 50, even 80 percent, year on year.
01/26/2012
Charles Wang Hongxin, chief executive of E Fund's Hong Kong branch, said distributors including banks require more time to familiarize themselves with the new products.
01/26/2012
HSBC may sell HSBC Premier, the division that targets wealthy individuals in Japan, the people said on condition of anonymity because the plan isn’t public. The London-based bank has started an auction for the business, and may shut it if offers are
01/26/2012
Throughout the decades, Americans have elected very wealthy men to the White House without any fanfare. Yet with record rates of unemployment that many are experiencing over a period of years, the issue of class in the U.S. has gained a new significance.