07/03/2015
The next step of evolution: socially responsible wealth managers
What is the point of doing your job if you are not going to make the world a better place?
Wealth and Asset Management
07/03/2015
Fund and private client services firm acquires Kleinwort Benson CI and SA Funds Business
Staff in South Africa will remain in their offices in Cape Town, whilst in Guernsey the combined business will operate from Dorey Court in St Peter Port
07/03/2015
JOHCM's Beagles snaps up wealth managers
J.O. Hambro Capital Management's Clive Beagles has opened new positions in wealth managers and increased exposure to certain banks in his £2.9bn UK Equity Income fund.
07/03/2015
Brown Shipley AUM edges closer to £5bn with IFA acquisition
The acquisition was finalised on 1st July 2015 following approval from the Financial Conduct Authority
07/03/2015
Boutique Intermede set to open first fund
The firm manages close to $500 million
07/03/2015
Bellpenny switches CEO
Bellpenny has announced Nigel Stockton is to replace Kevin Ronaldson as CEO as he is shifting to the role of founder director.
07/03/2015
JPMorgan’s Private Bank Takes a Team Approach
Andrew Cohen, head of the Asian private bank, finds the region’s wealthy are more open to taking advice.
07/03/2015
DBS Private Bank's regional ambitions burn bright
DBS Private Bank, which snapped up Société Générale's Asia private banking business for $220 million last year, is still on the look-out for acquisitions as it seeks to burnish its regional ambitions.
07/03/2015
JP Morgan banker attacked by shark
A JPMorgan banker explains how he survived a vicious shark attack in North Carolina last Friday
07/02/2015
New Deutsche Bank CEO delays overhaul, warns staff to behave
"I can tell you that we will decisively identify problems, apply fixes and hold accountable those who misbehave
07/02/2015
Rothschild invests in a Chinese online retailer
Rothschild Group, the well-known family controlled banking firm based in London, has joined forces with CID Group, a private equity firm from Taiwan, to invest $50 million in Chinese online retailer
07/02/2015
Independent UK wealth managers pick up younger clients
This is providing an opportunity for companies such as Brooks Macdonald, St James’s Place and Rathbone Brothers to step in
07/02/2015
JP Morgan Asset Management has reduced fees for many of its Luxembourg funds
The manager has switched the operational and administrative costs for a portion of its Luxembourg Sicav with $9 billion of assets under management (AUM) from a fixed cost, to a capped, variable cost.
07/02/2015
Coutts restructures management team post-international sale
Coutts has said Ewart is currently absent from the business and that it is not in a position to comment any further.
07/02/2015
AIM-listed wealth firm completes £3m buy
European Wealth has secured the purchase advisory firm Greensnow.
07/02/2015
Wealth managers target clients shunned by larger rivals
But certain firms are targeting these same clients, with a view to gaining more profitable business further down the line.
07/02/2015
The next step of evolution: socially responsible wealth managers
Futurologist Mark Stevenson warns that if private client investment managers want to maintain their wealth, they had better start putting it to good use.
07/02/2015
Continuous innovation and simplicity the key to delighting future wealth management customers, industry panel finds
A select panel of senior superannuation and wealth management industry representatives has nominated simplicity, identifying customer needs, developing holistic services and providing clients with control as some of the key ingredients to future wealth ma
07/02/2015
SJP overhauls asset growth reporting
St. James's Place is simplifying the way it reports assets under management by scrapping the life assurance measure of Annual Premium Equivalent (Ape).
07/02/2015
JP Morgan private banker: “We can’t make money anymore…”
Yesterday over coffee, a friend of mine leaked the news that JP Morgan's private banking division here in Singapore is going to start charging negative interest rates.