07/24/2014
Macquarie spends $49 million to fix private wealth
Macquarie also came under fire as a Senate committee report last month recommended a royal commission
07/24/2014
HNWIs money’s should be invested globally, directly
Not being content with an SA fund invested abroad.
07/24/2014
Nedbank Private Wealth stays ahead of the game
To be awarded the designation Chartered Wealth Manager, applicants must achieve a combination of high level qualifications, demonstrable maintenance of competence and the passing of the CISI ‘Integrity Matters’ test at the highest grade.
07/24/2014
UBP Says Lloyds Monaco Unit Boosts Client Assets
As at 30 June 2014, UBP had posted net earnings of CHF 82 million
07/24/2014
Half of investors say wealth manager fees still not transparent
Somewhat alarmingly, 50 per cent of investors receiving advice still don’t feel the fee structures are truly transparent.
07/24/2014
Scots fund house will be sold to American investor
Active International Equity Specialist with Close to US$10 billion in AUM
07/24/2014
Chief executive Peter Sands is credited with devising the "Balti bail-out" that saved Britain's banks but is now under fire himself
07/23/2014
Swiss private banking business changes hands
Details of the transaction weren’t disclosed.
07/23/2014
Continued growth of net external organic funds into our core discretionary service in line with our 5% per annum long term target. An additional 2% annualised growth in net funds due to successful conversion from advisory services.
07/23/2014
“First-half results were adversely impacted by exceptional legal and regulatory expenses,” Chief Executive Officer John Williamson said in the statement. “I remain optimistic about the future, with the prospect of fewer distractions and
07/23/2014
Leading private bank quitting the island
The international firm is pulling the plug on the provision of banking and wealth management services from the island.
07/23/2014
Succession has acquired a Halifax-based advice firm for £3m
07/22/2014
Credit Suisse Group AG reported its biggest quarterly loss since the collapse of Lehman Brothers in 2008, due to a 1.6 billion Swiss franc (1 billion pounds) charge taken following a May settlement with U.S. authorities over tax evasion charges.
07/22/2014
HSBC has awarded its communication mandate to L&K Saatchi & Saatchi for the re-launch of its Premier offering in India.
07/22/2014
Singapore set to overtake Switzerland as world’s largest wealth management hub: report
Bankers are in very great demand.
07/22/2014
Pretax profit rose to 9.5 million pounds from 2 million.
07/22/2014
Arbuthnot Banking Group has agreed to sell its structured product business by the next quarter of the year.
07/22/2014
Investment pros try to impress their clients with jargon, but the message isn't getting through.
07/21/2014
Cantor Fitzgeraled seeks global bolt-ons
Cantor Fitzgerald is looking to “aggressively” bulk up globally across asset management and investment banking, with the US brokerage setting its sights on acquisition targets on both sides of the Atlantic.
07/21/2014
Natixis To Fund Research On Investing
The project, to be conducted by the Massachusetts Institute of Technology, will focus on investor behavior and the personal benchmarks investors set.