10/31/2014
After Apparent CEO Suicide, 'Sharks Circling' Firm
Rivals say they are working to pick off Convergent Wealth Advisors clients following the apparent suicide of its former CEO and reports about irregularities at an outside fund he managed.
Wealth and Asset Management
10/31/2014
Purpose ‘worthless’ without staff engagement, says Old Mutual CEO
Having a clear purpose is “worthless” unless every person in the organisation is engaged with it
10/31/2014
DBS interested in buying RBS's Coutts: CEO
"We will take a look at Coutts when it comes on the block," said DBS chief executive Piyush Gupta on Friday.
10/30/2014
EU needs to consider retail market consumers
Ms Field also appealed for a period of calm, adding: “After five years of implementing transformative pieces of legislation post-crash, we need to have a cumulative impact assessment of their effects and an audit of whether all member states are app
10/30/2014
The secret history of Swiss bank accounts
Any account holder or client could seek damages against any bank or bankers that did not maintain his/her confidentiality
10/30/2014
A banking hiring boom is happening now in this sector in Singapore
Private banks in Singapore are breathing life into a generally dull fintech job market in Singapore
10/30/2014
Fidelity Bank recognised as 'Best Private Bank in Nigeria'
Getting to the top is a lot easier than retaining same position
10/30/2014
Australia: The next frontier for deVere Group
This comes on the back of increasingly high demand for specialist financial advice from clients in this part of the globe.
10/30/2014
Northern Trust Named 'Best Private Bank in the USA'
Northern Trust, a leading provider of Wealth Management services for affluent individuals, families and family offices, was also named Best Private Bank for Socially Responsible Investing.
10/30/2014
RBC named "Best Private Bank in Canada"
Awards recognize RBC's continued excellence in wealth management
10/29/2014
Does Quilter Cheviot buy pave way for Old Mutual Wealth IPO?
Old Mutual’s acquisition of Quilter Cheviot could pave the way for an initial public offer (IPO) of its wealth business.
10/29/2014
UBP launches ‘defensive’ global converts fund
It will be managed by the group's head of convertible bonds, Jean-Edouard Reymond.
10/28/2014
Tracking the performance
Discretionary or wealth management is often seen as a bespoke service
10/28/2014
Wealth Management Association confirms strategic review
Where regulation is taking the DFM industry.
10/28/2014
Wealth firm launches service for French expats in UK
With 120,000 registered French citizens and an estimated 400,000 in total living in London, according to French consulate data, there is a large market for Maseco to tap into.
10/28/2014
Convergent Client Funds Safe After CEO's Apparent Suicide, Chairman Says
Client funds at a $8.6 billion RIA firm are safe following the apparent suicide of the company's CEO, says the firm's chairman, prominent wealth management executive Steve Lockshin.
10/28/2014
Wealthfront Closes A Big New Round As Competitors Crowd The Wealth Management Market
The automated wealth management firms (known as “robo-advisors”) that are bringing algorithmically enhanced services to the stodgy world of retirement planning are gearing up to go Terminator as competition intensifies.
10/28/2014
Deutsche Bank Asia Wealth Unit Targets 20% Revenue Gain
Smallwood, 52, said the Frankfurt-based lender will woo Asia’s mega-rich
10/28/2014
Lombard Odier IM launches long/short multi-asset fund
The duo also run the LO Funds - Commodities Risk Par ex-Agri and the LO Funds - Commodities Risk Parity funds on behalf of the Geneva-based asset management firm.
10/28/2014
Butterfield profits climb to $22.8m
Butterfield did not detail the purchase prices or the properties it was referring to, but it said non-performing loans fell by $23 million as a result of the deals, offset by “modest deterioration in the residential mortgage book”.