Managers of Wealth

Newedge embarks on prime broking expansion drive

Agency broker Newedge is developing its stock-lending and equities execution capabilities following its acquisition by Société Générale this year and a global restructuring in 2012.

St. James’s Place reports FUM up 19%

Funds under management of £47.6 billion (2013: £39.9 billion) - up 19% over the twelve months and 7% since the start of the year

UBS says cooperating with U.S. inquiries about dark pools

Credit Suisse, one of the biggest players in dark pools, said last week the bank was working with regulators to stamp out potential abuses in the alternative trading venue.

SJP launches level seven masters in wealth management

Entering an exclusive partnership with such a prestigious institution as Loughborough School of Business and Economics will give our community further opportunities to be champions of high quality advice and expertise

Succession acquires Wealth Managemer in £5m deal

It pays a multiple of recurring revenues including an increased rate on revenues through Succession’s own white-label platform.

Odey Asset Management makes Swiss push

Odey, which manages approximately $12.3bn of assets, is one of few London-based hedge funds to have expanded into Switzerland since analysts predicted a big wave of departures from the UK in 2010.

Barclays Wealth fails to halt talent drain

Barclays declined to comment on the departures, which add to the growing list of senior executives to have left the bank since it announced it would pull out of 200 wealth markets last September.

Swiss banks face lower fines than feared in U.S. tax case- paper

The banks are not required to hand over client names as part of the deal, but must commit to handing over information which will help U.S. officials set up judicial aid requests to pursue tax dodgers.

Nixon leaves Royal Bank of Canada after long and profitable run

Analysts, journalists and central bankers mostly seem to have only admiration for the 57-year-old’s record in running Canada’s biggest bank by market value since 2001.

C. Hoare poaches clients from big banks with its 'boring' image

Hoare’s wealth management unit grew its funds under management by almost a fifth to £1.56bn, according to its annual report, which will be filed with Companies House on Monday.

Absa Wealth bleeds talent at the top amid mutters over pay

More than 11 key staff have left WIM since October last year. When staff leave specialised units such as WIM revenue tends to follow them to their new companies because of the relationship they have with their clients.

Nedbank boss plans leadership shake-up

The executive shake-up was alluded to in Nedbank’s recent update to the market after Brown missed his self-imposed deadline to appoint a new retail and banking head by the beginning of this month.

Deutsche Bank to focus more on wealth management

German Lender to Report Second-Quarter Earnings on Tuesday

Aberdeen assets fall as clients withdraw funds

Assets under management £322.5 billion

JP Morgan questioned on private bank impropriety

Being transparent is part of our normal course of business and it's what drives our client communications

Bellevue Group reports higher profits - quantum leap in Asset Management

The world economy showed moderate growth and major central banks maintained a generous supply of liquidity.

IFA boosts assets above £800m with Scottish acquisition

The transaction will immediately add £40m in funds under management bringing the AFH's total to £820m and total adviser count to 127.

Societe Generales in Luxembourg mandated by leading European wealth manager

As a leading securities services provider in the Luxembourg financial market, SGSS provides a complete range of securities services for asset managers and institutional investors, including settlement, custody and trustee services, fund administration, mi

Rathbones named manager for £10m Charity Bond Support Fund

It is hoped that this will be able to cost effectively meet its financing needs and invest in long term growth whilst increasing the impact of the organisations work.

From private jets to private banking: exciting career changes in Chinese financial services

Financial services employers in mainland China are a fairly flexible lot when it comes to recruitment.

Wealth and Asset Management