03/15/2016
SocGen to tie up two of oldest names in British banking
SocGen has agreed the deal with its French rival Oddo, which acquired the business as part of its €760m takeover of BHF Kleinwort Benson earlier this year.
Wealth and Asset Management
03/15/2016
Old Mutual Wealth acquires Singapore advisory business
Been working with AAM since 2009
03/15/2016
Spiralling Old Mutual platform costs ‘last straw’ for global expansion plans
The firm’s latest results, published on Friday, revealed UK platform adjusted operating profits rose 74 per cent year-on-year, from £19m in 2014 to £33m this year.
03/15/2016
Standard Life aquires IFA
Spiralling costs prompt sale
03/14/2016
Wealth and the Elusive 'C' Word
In February of this year, FINRA (the Financial Industry Regulatory Authority) sent a letter to a number of broker-dealers.
03/14/2016
Credit Suisse Says It Plans to Cut 163 Workers in New York State
The company said last month that it accelerated plans to cut 4,000 jobs.
03/14/2016
Private bank giant buys majority stake in wealth manager
The remaining stake will continue to be held by the firm’s executive partners.
03/14/2016
How London’s booming ‘butler class’ takes care of the wealthy elite
The capital is home to 1,000 ‘family offices’, made up of lawyers and financiers who service every need of the super-rich
03/14/2016
Old Mutual to cut share in Nedbank to minority
Johnson said the exact mechanism to achieve any reduction in Old Mutual’s shareholding in Nedbank Group was yet to be finally determined.
03/14/2016
UK’s Campden Wealth joins hands with Patnis to enter India
Campden Family Connect, a JV between Patni’s family office RAAY Global Investments and Campden Wealth will have Indian members with assets worth $30 million and above
03/14/2016
RBS cuts face-to-face service and brings in ‘robo-advisers’
The move soon comes after RBS, which is 73 per cent owned by government, posted its eighth successive net annual loss, dealing a blow to government plans to sell off the bank.
03/14/2016
NAB Private drops wealth advice to focus on banking
This comes two months after NAB snapped up the remaining 20 per cent stake in wealth group JBWere, in a deal understood to cost about $20 million.
03/11/2016
Jersey Finance announces 2016 GCC Roadshow
The lunchtime events will offer key insights into a number of recent trends, such as the increase in GCC investors investing in UK real estate
03/11/2016
Nicola Wealth Management Among Canada's 50 Best Managed Companies in 2015
NWM is honoured to earn a spot on this esteemed list of Canada's Best Managed Companies.
03/11/2016
Independent firms can grab more AUM, but growth hurdles remain
Independent asset managers and multi-family offices (MFOs) stand to benefit from a mix of dynamics playing out at the moment
03/11/2016
Old Mutual to split into four businesses
The process should be completed by the end of 2018, the group said on Friday, as it sketched out the details of a keenly-anticipated strategic review.
03/11/2016
Old Mutual confirms separation of wealth arm
Old Mutual Wealth increased funds under management by 27% to £104.4 billion, according to its full year results to the end of 2015.
03/11/2016
Wealth management group to float on Aim market
It said most of the proceeds will be used to fund further acquisitions and for small infrastructure costs.
03/11/2016
Deutsche Bank Cuts Bonus Pool 11% as Cryan Spreads Legal Costs
The shares rose 3.8 percent to 17.71 euros at 9:22 a.m. in Frankfurt after four days of declines.
03/11/2016
Asset Risk Consultants signs Smith & Williamson Ireland
The Private Client Indices are a peer group comparison tool designed to provide insight in to the actual returns generated by private client investment managers.