09/24/2014
RHJ International today announced that it completed the conversion of the co-investors' interest of 35.13% in Kleinwort Benson Group into RHJI shares.
09/24/2014
London-based wealth management firm to charge percentage of profit
The new pricing regime has been implemented after the company had achieved maximum investment growth for clients over the past two years by investing in top-performing funds.
09/23/2014
How experienced investors view their wealth
The main reason for this, is that specialist wealth managers, tend to have a flat structure
09/23/2014
UBS launches 50th anniversary in Asia celebrations
To commemorate the 50th anniversary, UBS Singapore announced the launch of the UBS Singapore Youth Academy
09/23/2014
‘Dinosaur’ Private Banks Losing to Startups, ABN Amro Exec Says
Digital financial companies are increasingly poaching clients
09/23/2014
‘There are obvious gaps in our branch network. We are not going out aggressively to fill those gaps, but we will be opportunistic.’
09/23/2014
Fund buyers are taking profits in frontier markets after the recent reshuffle of constituents and a strong run of performance.
09/22/2014
UK mortgage clampdown threatens to put squeeze on rich buyers
James Fleming, Arbuthnot Latham chief executive, said the proposals would have “a disproportionate impact on smaller specialist lenders and would restrict us from being able to provide some elements of our banking services which are important to our
09/22/2014
The major banks are stuck with their wealth management arms whether they like them or not, argues Perpetual Investments group executive Michael Gordon.
09/22/2014
The Net Promoter Score is a loyalty metric which gives an indication of how clients represent a company to their family, friends, colleagues and associates.
09/22/2014
He is said to be looking for £2.7 million in compensation in relation to the management of a $500 million hedge fund, LO AOG Energy.
09/22/2014
The company’s offshore investment business Skandia International will be rebranded to Old Mutual International early next year.
09/22/2014
With one year until Rugby World Cup 2015 kicks off, Societe Generale celebrates its role as the tournament’s official sole bank sponsor.
09/22/2014
Swiss private bank eyes Coutts international arm, wary of bidding war
Swiss private bank is interested in acquiring Coutts International, a unit of Royal Bank of Scotland, but will not get into a bidding war for the venerable British bank's overseas arm
09/21/2014
Rise of the new private banking clubs
Some banks still operate that way, but high street brands have also entered the market, offering “premier banking” and a relationship manager.
09/21/2014
Standard Chartered global markets head dies at 42
Bloomberg News reports his death was announced in a company memo that said he was with the bank for 19 years and called him 'an important member of the Singapore country management team.'
09/21/2014
Julius Baer injects intrigue into M&A talks
An executive at a Swiss asset management house, who asked to remain anonymous, said Mr Collardi is widely considered the potential solution to the “huge succession problem” at Credit Suisse, which oversees $890bn of wealth assets.
09/21/2014
Merrill Lynch fires brokers for promoting outside hedge fund -source
Merrill Lynch fired two veteran brokers from its Private Banking and Investment Group two weeks ago for guiding clients to invest in a hedge fund outside of the brokerage firm.
09/21/2014
Edward Jewell-Tait, head of Private Banking at Credit Suisse in Australia, says Credit Suisse’s private banking business is divided into two areas.
09/19/2014
Wealth managers are having to merge to survive as regulation gets tighter
When Schroders, one of the UK’s oldest asset management companies, bought fellow City institution Cazenove in July 2013, the world of finance was shocked.