03/19/2014
Move over investment banking - private banking is the new career of choice
Since the fall from grace of the Gordon Gekkos of investment banking, the more sedate (and responsible) world of private bankers has started to attract high-fliers, says Giulia Cambieri
03/19/2014
Bank J. Safra Sarasin establishes a new centre of expertise for foundations
This centre will provide comprehensive advice and develop products and services tailored to mission-related investing.
03/19/2014
Brown Shipley chief executive Ian Sackfield has said the business will not simply do deals ‘for the sake of it’ and has stressed it is under no pressure from Qatari backer Precision Capital to do so.
03/19/2014
National Australia Bank Ltd. expects to recoup lost wealth management market share in two years by selling more retirement products and making better use of the bank’s retail network.
03/19/2014
Bank of Montreal said it still considers its $1.2 billion takeover of F&C Asset Management Plc “attractive” even after the U.K. money manager disclosed a key client will pull more money from its funds.
03/18/2014
RBC Awarded three top honours in inaugural Family Wealth Report Awards
Canadian Private Bank", "Leading Individual" and "Global Custodian" wins for RBC
03/18/2014
SocGen seeks to pay bankers bonuses up to double their salaries
France's No. 2 listed bank, Societe Generale, said it will ask shareholders for permission to pay some staff bonuses worth up to double their salaries, in accordance with the European Union cap on bonuses.
03/18/2014
CIBC president and chief executive Gerry McCaughey earned $10.01 million in total compensation last year
03/18/2014
Banks Get Lesson in Pay for Performance
As bonus season rolled in, pay has been top of the agenda for two key constituencies—bankers and private-equity executives.
03/18/2014
Do wealth managers know the real cost of managing their clients?
03/18/2014
Friends Life awards £14.5 billion mandate to Schroders
Friends Life is to transfer £14.5 billion in assets from F&C to a new strategic partnership with Schroders
03/18/2014
Private equity guru buys big stake in fledgling Liverpool fund firm
Via his family office, Perscitus Advisers, he has acquired a significant minority interest in the new fund management firm, which was founded in 2010.
03/18/2014
Which Bank Is Most Exposed to Wealth Management Reform?
For many decades, Canadian investors have gotten a raw deal from their banks.
03/17/2014
DBS to Buy Societe Generale's Private Banking Business in Asia
Further to the transaction, Societe Generale announces that it has entered into a memorandum of understanding with DBS to develop a commercial partnership combining the strengths of the two franchises for the benefit of their respective clients.
03/17/2014
Bellpenny, the national wealth manager and IFA acquirer, has acquired Essex-based Personal & Corporate Financial Solutions
03/17/2014
Emirates NBD recognised by Euromoney as best provider of private banking services in UAE
Emirates NBD, a leading bank in the region, announced today that it had been named the “Best Local bank United Arab Emirates,” in the 2014 annual Euromoney Private Banking and Wealth Management Survey.
03/17/2014
Staff at Coutts have reacted furiously after learning their bonuses have been slashed by 40% this year.
03/17/2014
The survey, which classifies professional wealth management service providers according to international, regional and country-wise criteria, has named Emirates NBD Private Banking as the best local bank in the UAE in the area of wealth management.
03/17/2014
Advisers have urged platforms to scrap exit fees, which they argue create a costly barrier to re-registration.
03/14/2014
Credit Suisse Group AG is deploying investment bankers to woo African entrepreneurs as the second- biggest Swiss bank tries to build its wealth-management business on the continent.