04/14/2016
JM Finn & Co wins prestigious award
The award for Best Discretionary Service at the 2016 City of London Wealth Management Awards was presented to JM Finn & Co at a ceremony at The Guildhall.
Wealth and Asset Management
04/14/2016
War on independence: New data reveals advisers set for restricted future
From a pre-RDR heyday, where independent advice was the dominant force in distribution, EY now predicts restricted advice will make up at least half of the market by 2020/21.
04/13/2016
BNP Paribas sells Dutch private bank
International wealth managers are selling assets as the cost of regulation and client tax compliance crimps margins.
04/13/2016
Swiss businesses are ready for Iran, but banks aren’t
Swiss businesses are eager to get a foothold in the Iranian market now that most trade sanctions have been lifted, but restrictions still in place from the United States are creating major money transfer problems.
04/13/2016
Australia's NAB restructures HNW business
The National Australia Bank Group, one of the country’s big four banks, has restructured its high net worth (HNW) business, which will see its private banking arm renamed NAB Private.
04/13/2016
Tilney Bestinvest wins Best Advisory Service at the City of London Wealth Management Awards 2016
The awards winners are voted for by the general public with integrity and independence the focus of the awards.
04/13/2016
Annual General Meeting of Julius Baer Group
At today’s Annual General Meeting of Julius Baer Group Ltd. the shareholders passed all agenda items and proposals submitted by the Board of Directors.
04/13/2016
Deutsche Asset Management plans China and Asia expansion
Eilbeck said another major driving force for China markets would be the decision by MSCI in June on whether to include A-shares in its emerging market indices effective from 2017.
04/13/2016
Julius Baer CEO tells AGM still looking at acquisitions
Chairman Daniel Sauter said the turbulent start to 2016 in global markets showed private banking is a cyclical business and will remain so.
04/13/2016
Lifetime Achievement Award Presented to Chris Macdonald
Sophie Raworth (BBC News) presented Chris Macdonald with the Lifetime Achievement Award at The Guildhall yesterday evening.
04/13/2016
Old Mutual pays new CEO $7 mln in 2015 as firm plans break-up
Former Standard Bank executive Hemphill, who joined Old Mutual in November but could be out of a job if the break-up goes ahead, received nearly half of his overall pay - 2.1 million pounds
04/12/2016
Wealth managers reveal their big debating points for Q2
Greek debt crisis could re-emerge
04/12/2016
Bank of Singapore Deal Staves Off Barclays Banker Exodus
By selling its Singapore and Hong Kong wealth management business to Bank of Singapore instead of a rival bidder, Barclays may have staved off a big exodus of private bankers to the likes of UBS and Credit Suisse.
04/12/2016
Why The Wealth Industry Needs To Urgently Reinvent Itself
Wealth management institutions need to shift from a focus on volume and custody of third-party financial assets towards being true value providers
04/12/2016
Jersey Finance statement in response to David Cameron announcement on 11 April 2016
“The agreement will mean very little change for Jersey since our regulations are already sufficiently robust. For more than 20 years we have had a central register of beneficial ownership from which we meet requests for information received from tax
04/12/2016
Brooks Macdonald launches new Group Masterbrand as it celebrates 25th anniversary
Brooks Macdonald has launched a new corporate identity, which will bring together all of its subsidiary businesses under one Brooks Macdonald masterbrand. Brooks Macdonald’s Channel Islands based division, one of the largest investment managers in t
04/12/2016
Standard Chartered wins 4 awards
In 2015, 94 percent of clients expressed that they were "satisfied with the service during their first call to the Standard Chartered call center."
04/12/2016
Aberdeen’s Martin Gilbert on the ‘glimmer of hope’ for the manager
The £290.5bn asset manager saw £9.1bn of outflows in the last three months of 2015, although this was a drop from the £12.7bn outflows the previous quarter.
04/12/2016
Do small wealth firms still have a place?
The £600m combination marks a new level of deal
04/12/2016
Aberdeen Asset Management on the attack as BP pay row hots up
News that one of the loss-making oil giant’s top 10 investors was planning to vote against it is likely to embolden other shareholders to register their anger at Thursday’s AGM.