07/30/2012

UK Wealth manager eyes discretionary offering in HNW push

"The discretionary portfolio space may have £500,000 or more. They might want something that takes them in to a different space, [utilising] other instruments that we would never bring into our mainstream portfolios. Read more: http://www.ifao

07/29/2012

FTSE remuneration chiefs believe pay is too high - survey

The majority of executives who set the remuneration of directors running Britain's top companies believe salaries and bonuses are too high, The Sunday Times reported, citing a survey by management consulting company Hay Group.

07/29/2012

Sarasin H1 Profit Falls 27%

Bank Sarasin & Cie AG Monday said profit in the first half of the year declined over 27 percent from last year, amid lower asset base and cautious client investment activity against the backdrop of the debt crisis in Europe.

07/29/2012

Brewin income rises 4.4% in Q3

British investment manager Brewin Dolphin said transition to a fee based charging model boosted streams of recurring revenue while falling trading volumes kept a cap on overall revenue growth in its third quarter.

07/29/2012

HSBC Wealth Management revenue falls

HSBC Holdings, Europe's largest bank, said first-half profit rose 10 per cent, lifted by gains on asset sales. Pretax profit rose to $US12.7 billion from $US11.5 billion a year earlier, the London-based bank said in a statement today.

07/29/2012

Sarasin to shut out non-compliant clients by year-end

The results beat analysts' expectations and allayed fears that the cooling down of China's economy would dampen luxury sales. Company bosses even expressed confidence that year-end figures would show continued growth.

07/26/2012

STEP publishes ‘five point plan’ to combat tax evasion

Central to this programme is the view that professional bodies such as STEP have a key role in working constructively with tax authorities around the world to develop guidelines as to what constitutes abusive tax avoidance.

07/26/2012

Investec ‘on track for growth’

Although Investec has a strong private banking and wealth management franchise, the economies of some of its key markets such as Europe have been hit by the eurozone crisis.