05/15/2014

Kleinwort Benson Wealth Management AuM marginally down

Improved Banking margins and Treasury performance helped drive a small uplift in revenues at Kleinwort Benson Wealth Management AuM was down marginally at £5.7 billion (31 December 2013: £5.9 billion).

05/15/2014

UBS becomes title sponsor of Art Basel Hong Kong

UBS has signed on as title sponsor of Art Basel Hong Kong, which is expected to welcome 5,000 guests to 50 events at the Hong Kong Convention and Exhibition Centre over the next several days.

05/15/2014

WealthSelect helps Old Mutual sales double to £1bn

CEO Paul Feeney said: "We are taking high quality wealth management services and making them available to all retail investors through our platform where they can view their investments at any time via our new online customer centre.

05/14/2014

Pimco outflows dent Allianz asset management earnings

German insurer Allianz saw 21.7 billion euros in net investment outflows from its bond fund manager Pimco in the first quarter, hurting performance fees and contributing to a 28 percent decline in asset management operating profit.

05/14/2014

Swiss private banking group cuts jobs

The bank said the acquisition contributed to a 4% increase in total assets under management in the first four months of this year, to 264 billion Swiss francs ($297 billion).