03/16/2016
Barclays named “Best Private Bank in the Middle East”
We are delighted to have been named the ‘Best Private Bank in the Middle East’ for the second year in a row
Wealth and Asset Management
03/16/2016
UBS Says Volatility Hurting Wealth, Investment Bank Units
Banks around the globe have been hurt by record-low interest rates, plunging commodity prices and cooling emerging-market growth
03/16/2016
Rowan Dartington aiming to double assets over two years -
Rowan Dartington is aiming to near double its assets under management over the next two years, according to executive chairman Graham Coxell.
03/15/2016
Edgar de Picciotto, Hedge-Fund Pioneer, Dies at Age of 86
A native of Lebanon, he founded Compagnie de Banque et d’Investissements in Geneva in 1969, one of the first companies to recognize the potential of hedge funds for investors looking for ways to make money in both rising and falling markets.
03/15/2016
The Path to Becoming a Millionaire Apparently Starts as Early as Age 25
Using a handful of hypothetical situations, J.P. Morgan makes note of the crucial difference between those who become millionaires before the final quarter of their life and those who merely suffer endlessly with just hundreds of thousands of dollars to k
03/15/2016
SocGen to tie up two of oldest names in British banking
SocGen has agreed the deal with its French rival Oddo, which acquired the business as part of its €760m takeover of BHF Kleinwort Benson earlier this year.
03/15/2016
Old Mutual Wealth acquires Singapore advisory business
Been working with AAM since 2009
03/15/2016
Spiralling Old Mutual platform costs ‘last straw’ for global expansion plans
The firm’s latest results, published on Friday, revealed UK platform adjusted operating profits rose 74 per cent year-on-year, from £19m in 2014 to £33m this year.
03/15/2016
Standard Life aquires IFA
Spiralling costs prompt sale
03/14/2016
Wealth and the Elusive 'C' Word
In February of this year, FINRA (the Financial Industry Regulatory Authority) sent a letter to a number of broker-dealers.
03/14/2016
Credit Suisse Says It Plans to Cut 163 Workers in New York State
The company said last month that it accelerated plans to cut 4,000 jobs.
03/14/2016
Private bank giant buys majority stake in wealth manager
The remaining stake will continue to be held by the firm’s executive partners.
03/14/2016
How London’s booming ‘butler class’ takes care of the wealthy elite
The capital is home to 1,000 ‘family offices’, made up of lawyers and financiers who service every need of the super-rich
03/14/2016
Old Mutual to cut share in Nedbank to minority
Johnson said the exact mechanism to achieve any reduction in Old Mutual’s shareholding in Nedbank Group was yet to be finally determined.
03/14/2016
UK’s Campden Wealth joins hands with Patnis to enter India
Campden Family Connect, a JV between Patni’s family office RAAY Global Investments and Campden Wealth will have Indian members with assets worth $30 million and above
03/14/2016
RBS cuts face-to-face service and brings in ‘robo-advisers’
The move soon comes after RBS, which is 73 per cent owned by government, posted its eighth successive net annual loss, dealing a blow to government plans to sell off the bank.
03/14/2016
NAB Private drops wealth advice to focus on banking
This comes two months after NAB snapped up the remaining 20 per cent stake in wealth group JBWere, in a deal understood to cost about $20 million.
03/11/2016
Jersey Finance announces 2016 GCC Roadshow
The lunchtime events will offer key insights into a number of recent trends, such as the increase in GCC investors investing in UK real estate
03/11/2016
Nicola Wealth Management Among Canada's 50 Best Managed Companies in 2015
NWM is honoured to earn a spot on this esteemed list of Canada's Best Managed Companies.
03/11/2016
Independent firms can grab more AUM, but growth hurdles remain
Independent asset managers and multi-family offices (MFOs) stand to benefit from a mix of dynamics playing out at the moment