Managers of Wealth

THERE’S A FLASH of colour about banking life at Nedbank Private Wealth

The bank, based on the Isle of Man, also has offices in Jersey and London, and didn’t make a single redundancy during the recent economic troubles.

Banco Santander Said to Buy BNP’s Private Bank Unit in Miami

Banco Santander SA, Spain’s biggest bank, bought the private banking unit of BNP Paribas SA in Miami to help to win more business from wealthy Latin American clients

Towry to launch advisory investment service

Towry is set to launch an advisory service, following its acquisition of Bluefin.

Banks' Expectations Are High for Wealth Management

Bank executives are kicking their wealth management businesses into high gear.

Changing Course: The Wealth Management Industry Confronts Its Challenges

The UBS exec is hardly alone in terms of envisioning a greater role for holistic advice.

Deutsche Asset & Wealth Management agrees to sell part of Tilney business to Rathbones

The consideration would be received in cash and is subject to a minimum of 32 million pounds.

Aberdeen completes £550m Swip acquisition and targets cost-savings

The acquisition, which creates a combined group with £324.5 billion in assets under management,

Miton's AUM surge past £3bn, but profits dip

Miton saw its assets under management surge by 72% past the £3 billion mark in 2013 on the back of strong organic growth and the acquisition of PSigma.

Wealth management firm completes £6.4m sale of Liverpool office

Wealth management firm has confirmed the sale of its Liverpool operation to Seneca Investment Managers.

Blue-chip wealth management company eyes law firm acquisitions

The firm claims to be “radically” different from other financial firms by offering financial, investment, tax, accounting and legal expertise under one roof

UBS says board member Frey will not stand for reelection

Zurich-based UBS left it open whether it would fill the board seat vacated by Frey

Nordea gains license to access China A-Share market

The Chinese government has granted Nordea Qualified Foreign Institutional Investor status, allowing it to trade directly in China's A-Share market through stock exchanges in Shenzen and Shanghai.

Sun Life targets wealthier investors with lower-fee funds

Insurer Sun Life Financial Inc.’s wealth and asset management group is launching a new business targeting Canadian savers with more than $100,000 to invest.

Habig makes Barron’s Top 1,200 list

Morgan Stanley announced that John F. Habig, executive director/financial advisor in the firm’s Wealth Management Office, Portsmouth, has been named to Barron’s list of America’s Top 1,200 Advisors for 2014.

'Shanghai's Hutchison Whampoa' acquires 19.2% of German Private Bank

The investment was done by injecting about €98.5 million ($135.7 million)

Canadian Wealth Managers Jockey to Recruit Advisers

Clients are looking for advisers whom they can trust

Swiss asset manager Pictet to expand London operations

Swiss asset manager Pictet said on Tuesday it would expand its wealth management operations in London and hire between five and 10 bankers over the coming months.

Ukrainian Wealth Floods London Housing Market

Russians are the second-highest spenders in London's property markets, followed by Kazakhs, Azerbaijanis and Georgians among buyers from the former Soviet Union.

JPMorgan Tackles European Unemployment with $30m Jobs Scheme

Banking giant JPMorgan plans to help tackle unemployment in the UK and Europe with a $30m jobs scheme which will investigate how to get more people into work.

CORRECTED-UPDATE 1-Aberdeen Asset Management to cut costs after money leaves funds

Aberdeen Asset Management said it planned to cut costs after weakness in emerging markets drove more money out of its funds in the first two months of the year, lifting its shares.

Wealth and Asset Management