Managers of Wealth

Investec’s acquisition boosts Aum

Williams de Broë has been swallowed up by Investec Wealth and Investment in an acquisition that has boosted IW&I’s assets under management to £20bn, Jonathan Wragg has claimed.

SEI and Ryland Gray selected by Serco

SEI will work with Ryland Gray and the SERCO trustees to design a strategy that seeks to match their investments to the liabilities of their end-of-service benefit scheme.

Singapore glamour evades London bankers

“Even if it’s tough and times are not as good as they have been, people would rather be here in Asia than anywhere else,” he says.

Arbuthnot Latham turns to Swiss for overseas ambition

Arbuthnot Latham is looking to launch an offshore arm as it gears up for growth under the leadership of new chief executive James Fleming.

JP Morgan Private Bank Sponsors Major UK Philanthropy Award‎

J.P. Morgan Private Bank is to sponsor the UK-focused 8th biennial Beacon Awards for Philanthropy, which honor individuals for exceptional work and best standards in the sector.

Philanthropy on the rise in Asia

Philanthropic giving has been on the rise in Asia over the past few years.

HSBC launches Discretionary Wealth Management services in MENA

HSBC has announced the launch of Discretionary Wealth Management services in Middle East and North Africa 'MENA', offering customers access to their own segregated investment portfolios.

The wealthy are 288 times richer than you

That trend is happening for two reasons: Not only are the rich getting richer, but the middle class is also getting poorer.

RBC Announces Changes to Business Segments

RBC's business segments for financial reporting purposes will be: Investor & Treasury Services; Personal & Commercial Banking; Capital Markets; Wealth Management; and Insurance.

Citibank continues to expand coverage of affluent in Asia

While a global program, its focus remains on the strong Asian HNW market, emphasizing how important Asia is for wealth managers looking to grow assets under management and how competitive this market is becoming.

Deutsche Bank to cut costs and bonuses

Bank signals more jobs could go amid plans to cut costs by €4.5bn a year and slash bonuses to senior staff

Chinese keep watch on signs of wealth as party preaches austerity

Cases such as the official with several expensive timepieces raise questions about corruption and nepotism, experts say

Nice little earner: Billionaire to pocket £45m in investment firm dividends

He led a management buyout of Ashmore from Australia's ANZ bank in 1999, owns 42 per cent of the shares in the firm which specialises in emerging market investment.

Brown Advisory Receives "Premier Advisor" Designation

In 2011, fewer than 1% of advisors in the United States received the Premier Advisor designation.

World’s Richest Gain $25 Billion as Zong Now Top in China

One of the biggest gainers was Amancio Ortega, who gained $1.3 billion, according to the Bloomberg Billionaires Index.

BDO Wealth Management team joins Fitzpatricks

He said the decision had been based, in part, on Fitzpatricks' advice approach and the investment management approach via Fitzpatricks subsidiary, Atrium Investment Management.

Acquisition adds funds for wealth manager Clarion

Clarion, which has 13 staff, has around £100m funds under management.

Old Mutual to drop Skandia name in asset management overhaul

The unit falls under the remit of the Wealth Management businessrun by former BNY Mellon head of distribution Paul Feeney.

Deutsche Bank CEOs Tackle Ackermann Legacy in Overhaul

Deutsche Bank co-Chief Executive Officers Anshu Jain and Juergen Fitschen, less than four months after taking over from Josef Ackermann, may be preparing the largest revamp at Europe’s biggest bank in eight years.

JPMorgan Weighs Dimon Bonus Cut, Wall Street Journal Says

JPMorgan Chase & Co. (JPM), the biggest U.S. bank by assets, is considering cutting 2012 bonuses for senior managers including Chief Executive Officer Jamie Dimon, according to the Wall Street Journal.

Wealth and Asset Management