Managers of Wealth

Deutsche Asset & Wealth rebuilds Edinburgh with double hire

The duo have been appointed senior investment managers in Edinburgh and will join Charles Mullins, the office’s head of wealth planning.

Morgan Stanley sets big goals for wealth management unit

Boosting AUM to about $500B by the end of 2016 from $373B at the end of 2013 is "very achievable," says MS Wealth Management boss Greg Fleming, presenting at a Credit Suisse conference.

StanChart set to sell Swiss private bank

Standard Chartered is looking to sell its Swiss private bank as part of its plan to get rid of several non-core businesses as it sharpens its focus on Asia, Africa and the Middle East.

BNP Paribas Q4 profit hit by $1.1 bln legal charge

BNP Paribas, France's No. 1 listed bank, reported a 76 per cent drop in quarterly profits on Thursday after booking a US$1.1 billion litigation provision in case it faces fines for breach of U.S. sanctions.

Impressive line up of speakers finalised for Businesslife trust forum

Businesslife Events has finalised the speakers for its forthcoming trust forum, ‘Trust is only the beginning’, which takes place in Jersey on Wednesday 2nd April.

Dexia Asset Management rebranded following sale

The change in name follows the confirmation of the sale of the Franco-Belgian bank’s asset management unit to New York Met Life Investments earlier this month.

Behavior is a new pay metric at leading international wealth manager

U.S.-based wealth advisers are no longer getting paid solely on how much money they bring in. Going forward, their compensation could be docked for misconduct.

Aberdeen CEO says no plans to move HQ

The head of a major Scottish fund manager, Aberdeen Asset Management said the firm has no plans to relocate its base in the face of a forthcoming referendum on Scottish independence.

Citibank Taiwan eyes OBU wealth management market

With Taiwan's de-regulation of the offshore banking unit business, Citibank Taiwan announced yesterday its further expansion in Taiwan's OBU wealth management business by partnering with Allianz Global Investors Hong Kong Ltd., Value Partners Lt

Société Générale Swings to Fourth-Quarter Profit

Shares of Société Générale, which have gained about 40 percent over the last 12 months, rose more than 4 percent in Paris trading on Wednesday morning.

Bank of America officials struck a confident note on the opportunities for wealth management in the U.S.

Positive tone from management

Citi Private Bank selects new investment management IT system

Citi Private Bank advises the world's wealthiest, most influential individuals and families. Citi Investment Management is the firm's core discretionary investment management business

RBC Wealth Management continues award-winning streak

RBC Wealth Management has been recognised as having the ‘Best Private Banking Services Overall’ in Jersey, and number one in 13 further categories, by Euromoney, a global banking publication.

European Wealth adds fund for Ex-New Star bond manager

Nigel Marsh to run boutique’s first retail bond fund after joining European Wealth in 2012.

Cardiff wealth manager launches with bold expansion plans

Archytas to serve clients across the UK from Cardiff base until new offices can be opened

Alibaba Enters Wealth Management Sector

The latest product marks the continuing proliferation and evolution of financial services offered by China’s large Internet companies.

ANZ Wealth Improves Performance

ANZ’s Global Wealth Division has improved business performance in the last quarter of 2013, which is mostly attributed to product cross-sell

Walker Crips eyes further growth as assets jump 33%

Walker Crips Group is continuing to pursue its growth agenda after a successful last quarter of 2013, with assets under management jumping by 33% over the year.

BNP Paribas Wealth Management publishes Individual Philanthropy Index by Forbes Insights

BNP Paribas Wealth Management today publishes the second edition of its Individual Philanthropy Index, which measures and reflects the commitment of philanthropists in four regions – Europe, Asia, the Middle East and for the first time, the United

Exeter City director hails milestone in growth of Succession wealth management business

Inflexion’s investment will enable Succession to continue building the UK’s largest independent wealth management business through further acquisitions.

Wealth and Asset Management