09/03/2012

Turcan Connell opens office in Glasgow

Turcan Connell, which was represented by Eric Young & Co, already has offices in Edinburgh, London and Guernsey, but following research identified client demand for an office in the West.

09/03/2012

Wealth managers must ‘get house in order’ as FSA hones in

Firms that market themselves as ‘wealth managers’ must review their processes to ensure that they have sufficient controls to mitigate the potential for mis-selling and document every part of their advice process, according to one compliance e

09/03/2012

Vontobel chief plans a broader future

Zeno Staub, who was appointed chief executive of Vontobel in May 2011 and plans to revive the Swiss private bank’s earnings, is updating the group’s multi-asset capabilities to offer a broader range of investment styles as part of an overall r

09/03/2012

Former Citisoft Senior Managers Start New Consultancy ‎

IAWMC is a specialist operations, systems and IT infrastructure consulting firm which has been established to provide management and IT consulting, interim management and recruitment services focussed solely on the needs of the Financial Services’ s

09/03/2012

Asian ambition drives Julius Baer’s BofA move

By buying Bank Of America Merrill Lynch’s wealth management arm, Julius Baer has doubled its presence in Asia, but their new unit needs something of an overhaul if it is to become profitable

09/02/2012

ANZ Executive Rose Up in Man's World

ANZ's goal is to become a "super-regional" bank in Asia—it owns a 20% stake in China's Shanghai Rural Commercial Bank, among other regional investments.

09/02/2012

Citi's sales to retail and HNW's up 80% YoY

Net sales of investment products by Citi to individual retail and high-net-worth clients around the region are up 80% year-on-year through July, with over $3 billion of net inflows, the firm says.

09/02/2012

Beijing props up Bank of China in Switzerland

According to the 2011 company accounts filed on Friday by the Bank of China UK: “Adverse developments at the bank’s private banking subsidiary in Geneva require the establishment of an impairment provision of £31.4m against this investme

08/30/2012

Cold calling still rife in UAE despite ban

One of the advisers who does not cold call clients, Sarah Lord, wealth planning director for the Middle East and Asia at Killik & Co, said: “I am yet to come across any evidence to suggest that the Central Bank ruling has completely stopped cold

08/30/2012

SJP partner ‘cloned’ by fraudsters

The regulator issued on Thursday an alert about a firm offering investment advice and brokerage services under the names AW Associates, A Walker Associates and Andrew Walker Associates.

08/30/2012

Don’t make wealth tax a habit

So, in normal times, the Treasury jumps from a great height on anyone in government who speculates on tax policy.

08/30/2012

HSBC adopts content approach with ad-funded business series

Following the decision to drop its long-standing strapline, 'The World’s Local Bank' last year, HSBC has been moving to position itself as an authority on global trends, including through its 'In The Future' campaign, looking at