Managers of Wealth

UBS CEO named ‘most influential figure in wealth management’

He was recently chosen as the most influential figure in wealth management by the readers of WealthManagement.com.

Rich pickings for banks as Asian wealth expands

UBS announces plans to grow in wealth management segment as competitors also vie for a piece of the pie

BAHAMAS: RBC announces layoff plans

The move is part of an effort to cut costs, improve efficiency and give better customer satisfaction, according to Nathaniel Beneby Jr., RBC Royal Bank's managing director in The Bahamas, Cayman Islands and Turks & Caicos Islands.

SS&C GlobeOp Hedge Fund Performance Index and Capital Movement Index

S&C GlobeOp Hedge Fund Performance Index: March performance -1.03%; Capital Movement Index: April net flows decline 0.48%

Brooks MacDonald expands offshore with Jersey acquisition

In a statement, the AIM-listed wealth manager said the acquisition increases pro forma discretionary funds under management by GBP360.0 million to GBP6.04 billion.

Julius Baer enters Irish market

he new Irish business of Julius Baer, which is understood to employ about 10 people, will be run as a branch of Julius Baer International Limited based in London, and cooperate closely with the parent company. The offices will continue to be located in Ce

Independent wealth manager acquires online wealth platform

Isle of Man-based company supports the international adviser community through an open architecture platform which offers funds, direct equity holdings, structured products and various other investment instruments.

Former Iveagh CIO joins ex-footballer's wealth firm

The Iveagh name is to vanish from the investment world in the near future after the group agreed a deal with City Financial which will see the latter buy its fund range this year.

Citigroup profit rises on smaller loss from troubled assets

Dogged by its failure to pass the Federal Reserve’s latest stress test and investigations of fraud at its Mexican unit, Citigroup reported some good news on Monday: first-quarter profit that beat analysts’ expectations.

ARGENTINA: Offshore wealth clocks in at US$300B

Argentines’ assets abroad have grown 250 percent in the last 20 years, report

Old Mutual could buy out Henderson in Intrinsic joint venture

Money Marketing understands Old Mutual is in discussions about the possibility of acquiring the remaining 50 per cent share from Henderson, though no firm decision is thought to have been made as Old Mutual is considering a number of options.

MacKinnon: Regulation, not profitability, motivated Ingenious deal

Thurleigh founder Charles MacKinnon says the decision to merge with Ingenious Asset Management was driven not by concerns over profitability but rather a long-term view on regulation.

UBS Wealth Management Is Expanding in Asia, Emerging Markets

UBS, the largest Swiss bank, hired 88 advisers this year

Schroders CIO Matthew Oakeley is harmonising assets

Schroders has been through a major period of innovation, led by Matthew Oakeley, who describes the journey

200-year-old private banking group targets Asia growth

In its push the bank has made six senior appointments in Asia, doubling its team of relationship managers to 12, with plans to employ three more people by the end of this year.

Defaqto research points to DFM growth/M&A increase

The number of outsourcing IFAs increased from 42% in 2012, and Fraser Donaldson, Defaqto insight analyst for wealth management, believers the figure is climbing again in 2014.

Nordic group launches emerging Europe fund

The firm said the fund will operate with a bottom-up stock selection process

The blockbuster bond fund you might not have heard of

The fund in question is the DNB AM Kort Obligasjon 2

Dua, IndusLaw, Naik help IIFL Wealth Management buy majority stake in India Alternative PE Fund

Brokerage firm India Infoline’s wealth management arm has acquired a majority stake in private equity fund India Alternatives Investment Advisors for an undisclosed sum.

Latin American Pension Industry Exceeds US$900 Billion in AUM

There has been a flurry of merger and acquisition activity in the pension space in Latin America

Wealth and Asset Management