Managers of Wealth

Old Mutual faces revolt over CEO payout

Hemphill’s 2016 base salary is proposed at £900,000, which means he could earn £9m as part of the long-term incentive plan over the three years Old Mutual aims to complete the break-up.

Qatar sovereign wealth fund close to buying Asia Square Tower 1 for $3.5 billion

A deal on this Marina View property is expected by this weekend.

Singapore wealth funds buys $1 billion in Alibaba stock in SoftBank sale

Singapore sovereign wealth funds bought $1 billion of Chinese e-commerce company Alibaba Group Holding Ltd's shares as part of an $8.9 billion sale by Japan's SoftBank Group Corp, Alibaba's biggest shareholder, the company said on Wednesday

Norwegian sovereign fund should act on tax transparency, MPs say

In a chapter of the report examining the existence of tax havens, the committee said it believed improving reporting and tax transparency requirements for companies in which the NOK7.

Listed wealth manager signs platform deal with SEI

This is expected to help position the firm - which currently has £2.7 billion of assets in its wealth management arm - for further growth.

SJP: ‘Pension exit charge cap won’t impact us’

UBS analyst Colm Kelly said: “A ban on the charging of surrender penalties to enable more freedom around switching would have material consequences for SJP’s earnings profile.”

Industry course adjustment: How wealth management is powering ahead

All four wirehouses reported declining AUM for the first quarter.

Bank of America targets wealthiest clients with more advisers

The growth will come from new hires and an internal training program, Banks said. U.S.

Wealth managers voice concerns on L&I ETFs

Investors must be properly educated on leveraged and inverse exchangetraded funds and what they should be used for or they risk big losses, warn wealth industry executives.

Bank of America Targets Wealthiest Clients With More Advisers

Bank of America Corp's U.S. Trust business plans to add more than 100 financial advisers who cater to the super-rich as part of its strategy to grow wealth-management revenue

Wealth Managers Should Mind the Digital Gap

This dissonance, PwC believes, leaves the wealth management industry particularly vulnerable to disruption from FinTech innovators.

Wealth management dividends to stay strong

With banks around the world beginning to cut their dividends, Columbia Threadneedle's global equity income fund has shifted its focus towards the wealth management sector.

Bank of Singapore launches new front-line training initiative

In 2015 alone, Bank of Singapore said its employees clocked in twice as many training hours as they did the year before; client-facing staff averaged 90 hours of training.

Isle of Man offers new banking licences to trusts and HNWs

The new banking regime is effectively an expansion of the IoM’s existing class 1 banking licence through the addition of two new classes of licence.

Morgan Stanley aims to return wealth arm to profits

Harker said the wealth unit - run by Ian Chambers - was aiming to break even by the end of 2016 and to return to profitability through 2017.

Argentina's Macri to repatriate USD 1.3 million from Bahamas

Macri yesterday said the money was deposited in Merrill Lynch accounts in Switzerland and the US, but it was transferred to the Bahamas after Swiss private bank Julius Baer Group bought the Merrill Lynch overseas wealth management unit from Bank of Americ

Wealth and Asset Management