11/14/2012
Kleinwort Benson assets under management flat
Balance sheet remains strong, with a Tier 1 ratio of 22% in our Wealth Management operations and a strong liquidity position underpinned by our prudent treasury investment policy.
Wealth and Asset Management
11/14/2012
Investec First-Half Profit Drops
Investec, which owns a bank and money manager in South Africa and the U.K., said first-half profit fell 5 percent after costs rose, the rand weakened and revenue declined.
11/14/2012
Veritas splits private client and fund businesses in restructure
Veritas Asset Management UK is to split its fund management arm from its private client business as part of a corporate reorganisation.
11/14/2012
Julius Baer 10-Month Assets Under Management Rise 10%
Swiss private bank Julius Baer Group AG reported a 10% annual increase in assets under management by the end of October, due to new net money inflows and positive bond and equity markets.
11/13/2012
HNW want old-fashioned banking - RESEARCH
It seems that the key for banks to trying to re-establish their customers’ faith and loyalty is to sit down and talk.
11/13/2012
PruProtect targets wealth managers with protection consultants
PruProtect also has a seperate team of 120 business consultants who work with protection advisers and brokers.
11/13/2012
Raymond James shuts Brazil unit on regulatory hurdles
A small number of employees who support Latin American sales and trading will also lose their jobs in New York and London, the St. Petersburg, Florida-based firm said in a statement.
11/13/2012
Assets Under Management Rise At Julius Baer
The increase in AuM resulted from continued net new money inflows close to the top end of the Group’s medium-term target range as well as a positive market performance impact supported by sustained gains in the global equity and bond markets.
11/13/2012
BRB Wealth Management expands with takeovers
BRB, which has been based at its current location in Etruria since 2001, believes the deal will enable it to consolidate its position as one of Stoke's largest financial advisers.
11/13/2012
Saunderson House confident ahead of RDR
Under the direction of Tony Overy, Saunderson has so far attracted 85 new clients this year and the group expects to continuing pulling in clients with its business in good shape ahead of the retail distribution review.
11/13/2012
Liontrust triples fund inflows as recovery surges on
Liontrust Asset Management has reported net inflows of £189m in the six months to 30 September.
11/13/2012
HSBC Private Bank awarded two top accolades for its operations in the Middle East
HSBC Private Bank is one of the top international private banks in the Middle East, providing integrated banking, investment and wealth advisory services to clients across the region.
11/13/2012
Charitable Giving is On the Rise in Canada - RESEARCH
With today marking National Philanthropy Day, BMO Harris Private Banking has released the findings of its Second Annual Philanthropy Report which found that the number of Canadians giving to charitable causes - and the amount they are giving - is rising.
11/12/2012
Banks Help as Asians Shop for Foreign Property
As more wealthy Asians seek to buy property overseas as an investment or short-term residence, their private bankers are only too happy to help.
11/12/2012
UBS Said to Get Brazil Bank License After Two-Year Wait
The decision allows Zurich-based UBS to conduct proprietary trading in Brazil as well as make real-denominated loans, raise money in Brazilian markets, and underwrite stocks and local bonds.
11/12/2012
Wealth managers move to join forces
The combined group will be run by CEO Martin Baines
11/12/2012
Former Barclays investment manager launches wealth boutique
Prior to working at Covalence and Shard, Legge was an investment manager at Barclays Wealth.
11/12/2012
Societe Generale Private Banking awarded Best Private Bank in Luxembourg
These awards underline the professionalism of Societe Generale Private Banking's teams and the service they provide to clients in the key wealth management markets.
11/12/2012
Ashcourt Rowan pre-tax loss narrows
Funds under management fell to £3.8bn from £3.9bn and revenues dropped to £16.1m from £18.4m.
11/12/2012
BNP Paribas scoops private banking awards
BNP Paribas Wealth Management carried off two prestigious awards at the 2012 Global Private Banking Awards