01/18/2012
Swiss asset manager to open Bahrain office
The Central Bank of Bahrain (CBB) said it has granted a representative office licence to the Swiss firm for operation in the Kingdom.
Wealth and Asset Management
01/18/2012
Swiss private bank closes office due to 'challenging conditions'
The closure follows its sale of EFG's Danish unit to SEB Wealth Management for an undisclosed price earlier this year.
01/18/2012
FSA approves £1.9m Arbuthnot Securities sale
Sale of investment banking unit to Westhouse Holdings to be complete by the end of the week company confirms.
01/17/2012
Banker sackings and suspensions double in two years
The number of investment bankers sacked or suspended for failing to comply with regulatory rules has doubled in the two years since the Lehman Brothers crash, official figures show.
01/17/2012
‘Boutique’ investment banks eye Asia
So rapidly has the concept of ‘boutique’ investment banks evolved in the past few years that it has become hard to define clearly.
01/17/2012
Newton CIO changes roles to lead global equities team
Newton has announced some changes within its investment team designed to ensure a focus on strong performance across its range of mandates and position the firm for continued growth.
01/17/2012
2012 Futurewealth Report: A Customer Revolution
Pioneering Survey of 3,300 HNWs Concludes Redefining the Wealth Management Customer Journey Is Now Critical to Success
01/16/2012
RBI sets pay guidelines for private, foreign bank execs
The RBI said “perverse incentives” have “amplified the excessive risk taking that severely threatened the global financial system”.
01/16/2012
Kleinwort Benson shuts down Scottish operations
The head of the Edinburgh operation is leaving the business and will not be replaced.
01/16/2012
Billionaire purchases 60pc stake in Soho House - report
The private members’ club chain was valued at about 250 million pounds ($382 million), the newspaper reported, without saying where it got the information.
01/16/2012
Asset Allocated Passives pass through £1billion
Back in 2008 Seven Investment Management (7IM) launched its groundbreaking range of AAP (Asset Allocated Passives) funds.
01/13/2012
CISX reports significant increase in listings in 2011 compared to 2010
The predominant type of security listed in 2011 was specialist debt and within that category, Special Purpose Vehicles (SPVs) represented 58% of securities listed, with the majority domiciled either in the UK or Jersey. The total number of securities admi
01/13/2012
Fidelity rolls out iPad app for RIAs, family offices
RIAs and family office advisors who download it from Apple’s App Store can customize their preferences to view clients’ accounts and orders, access stock quotes and analysis and view and filter alerts before or during client visits on their iP
01/13/2012
Coutts 2012 top five potential positive and negative economic surprises
There are many events that could surprise investors in the year ahead. Here, we present our top five possible positive and negative surprises for the global economy.
01/13/2012
Miners see gold price hitting $2,000 this year
Gold will soar to $2,000 (£1,300) an ounce this year, according to industry insiders.
01/13/2012
JPMorgan profit falls, but sees hope in economy
Chief Executive Jamie Dimon said the largest U.S. bank by assets was seeing signs of improvement in loan demand and credit quality as the economy recovers.
01/12/2012
Sabadell United moving wealth management operations to Miami
No jobs will be lost in the move. The Sabadell Bank & Trust division in Miami is led by Orlando Roche, who previously managed the Miami office for Palm Beach-based Lydian.
01/12/2012
DBS in SWF tie-up for private banking product
Temasek Holdings Pte, Singapore’s state-owned investment company, is the bank’s biggest shareholder with a 27 percent stake, according to data compiled by Bloomberg.
01/12/2012
WH Ireland set to go on front foot with regional push
WH Ireland is looking to market itself regionally as the firm continues to try and turn its fortunes around.
01/11/2012
Mining to boost Perth's ultra-wealthy population
Figures from research company Wealth-X show Perth is currently home to the fourth-highest concentration of ultra-wealthy in Australia, behind Sydney, Melbourne and Brisbane.