Managers of Wealth

Fleming family business posts falling profits after Russian exit

Fleming Family & Partners says it is in good shape ahead of a merger with Stonehage

BNY Mellon Acquires Cutwater Asset ManagementBNY Mellon Acquires Cutwater Asset Management

Transaction to Support Insight Investment's* Fixed Income Offering in the U.S.

Bill Gross and Julie Dean's former funds hit by major outflows

Funds formerly managed by star managers Julie Dean and Bill Gross have been hit by outflows after those managers moved on.

Morgan Stanley sacks wealth arm data thief

There is no evidence that clients lost money as a result of the latest breach of customer information at a financial firm, Morgan Stanley said in a statement.

Convergent Wealth Advisors Shortlisted for Family Wealth Report Awards 2015

These awards are judged solely on the basis of entrants’ submissions and their response to a number of specific questions, which had to be answered focusing on the client experience, not quantitative performance metrics.

GAM merges A-rated Love's EM equity fund into new strategy

Swiss asset management group GAM has opted to merge its emerging market equity fund run by Citywire A-rated manager Tim Love into a newly-launched fund overseen by Julius Baer. The GAM Star Emerging Equity, a Dublin-domiciled fund launched in March 2012

Investec Joins Race For RBS' Coutts Arm

Coutts International is expected to change hands during the course of 2015,

Aberdeen suffers big outflows in 2014

Aberdeen Asset Management was the big loser of 2014 in the UK and European investment industry as it suffered more than $12bn of outflows from investor fears about emerging markets and the growing popularity of cheap tracker funds.

Not all platforms will be ready for April: Fundsnetwork

Some platforms will struggle with the increased demand next April, specifically for drawdown, according to Fundsnetwork’s head of advisory services Jon Everill.

Goldman tops UK banker pay with US$4.7m awarded for 2013

Goldman Sachs paid its top 121 London bankers about 3 million pounds on average last year, far exceeding payouts at other leading banks

RBS Trying To Regain Profitability

The Royal Bank of Scotland Group has started the sale of Coutts International, its private banking and wealth management business.

Happy 50th anniversary to UBS's Art Cashin

UBS floor director rang the opening bell on Tuesday to celebrate 50 years on the floor of the New York Stock Exchange.

Happy New Year

Before the golden sun sets, 2014’s calender is destroyed, And mobile networks get jammed, I wish in 2015 every moment is enjoyed. Happy New Year 2015 !

Deutsche Bank Likes Long / Short Strategies Amid Stimulus Uncertainity

When considering risks, the report noted that the withdrawal of stimulus is a wild card, an unpredictable event that might lead to favoring a long / short strategy as opposed to a long only approach.

Swiss Fall Behind In Race To Become Renminbi Trading Hub

Luxembourg’s regulators have extremely strict standards

Deutsche Asset & Wealth Management Takes Proactive Step to Accommodate Exceptional Investor Demand for ASHR

Redemption orders for ASHR will continue to be accepted

Wealthy individuals are still prudent: research

High net worth individuals are defying the stereotype portraying them as extravagant spenders, the managing partner of a wealth management firm has claimed.

The Shame And Carnage Of Geneva's Front-Line Bankers

The past few years have seen Switzerland forced to reveal secret banking details to national authorities. That means a brutal job for the bankers of Geneva

Swiss banks continue their balancing act

Collardi minimized the importance of competition provided by banks in Singapore

Interview: Julius Baer CEO On Bank’s Mid-East Growth Plans

The CEO of one of the world’s largest and oldest private banks gives his insight into the evolving world of wealth management, potential acquisition targets, and his plans for the Middle East.

Wealth and Asset Management