Managers of Wealth

Standard Chartered retains auditor

Standard Chartered has chosen to retain KPMG as its auditor following a tendering process which was expected to lead to a change.

BMO makes offer for F&C Asset Management

British fund firm F&C Asset Management said on Monday it had received an offer from Canadian bank BMO Financial Group in what would be an all-cash deal.

Societe Generale Private Banking Hambors looks to expand business

Societe Generale Private Banking Hambros the UK wealth management arm of Societe Generale Private Banking is implementing its commercial strategy to strengthen and expand its business in 2014, in particular through a new recruitment plan.

Boodle Hatfield takes new office in Grosvenor Street, Mayfair

The Firm, which is a leading provider of legal advice to global wealthy families, property clients and owner-managed businesses, will take occupation of its new Mayfair office at the same time as it moves to its previously announced new flagship office in

Senior business figures hit out at Labour's 50p tax rate plan

Heads of 24 of Britain’s most successful companies warn that Ed Miliband’s policy could threaten recovery and cost jobs

The runners and riders for Jupiter’s wealth arm

It is a business that has been running since 1985 and in 2008 the firm signalled its intention to grow the unit by hiring two separate wealth management teams from Singer & Friedlander and Bestinvest.

F&C Asset Management Response to Press Speculation

F&C and BMO are in advanced discussions about the details of the Possible Offer and the Board of F&C has indicated to BMO that it is likely to recommend a firm offer at the Offer Price.

Vistra Singapore wins 'Trust Company of the Year' Award

Vistra Singapore has received an award for 'Trust Company of the Year' at the Citywealth International Financial Centre Awards held on 23 January at the Grange City Hotel in London.

Leading Swiss private bank increases assets under management by 10%

The increase in the operating result is attributable to net inflows of funds from private and institutional clients, as well as to sound asset management performances and to the effects of the post-acquisition synergies.

Brooks Macdonald eyes 'interesting' acquisition opportunities

The AIM-listed group said ‘strategic progress [was] made through both organic and acquisitive initiatives’ during the six months to December 31st 2013

Close Brothers boosts AUM to to £9.5bn

It expects asset management profits to increase 160 per cent to £10.4m for the year.

Charles Stanley total client funds reach £20.1bn

Charles Stanley Group’s total client funds reached a record £20.1bn in the fourth quarter of 2013, up 9 per cent from £18.48bn the previous quarter.

Standard Chartered boss says takeover talk is "rubbish"

Standard Chartered's chief executive said takeover talk that has resurfaced around his bank after recent problems is "rubbish" and the Asia-focused lender's prospects remain strong.

Central Bank issues warning about fake BNY Mellon business

The unauthorised entity has apparently cloned the name of the BNY Mellon business and has been operating illegally in the State for some time.

Credit Suisse Bonuses to Include Bonds That Can Be Wiped Out

A representative for Zurich-based Credit Suisse confirmed the memo’s contents.

What is the average price of wealth management deals?

This is the most authoritative look at consolidation activity in the global wealth space.

Swiss private banking firm launches a third, higher risk/return, ILS fund

The new cat bond fund will be managed by Zurich-based specialist ILS and reinsurance investment manager Twelve Capital.

British wealth manager stirs up storm with social media postings

I wish for nothing more than to be forgiven for my poor judgement

SJP chief lauds group's 'reassuring consistency' after record FUM

Elsewhere, the group said it had maintained a 95% client retention rate and, over the year, had grown adviser numbers almost 10% to 1,958.

Lombard Odier adds Deutsche’s former chief risk officer as new managing partner

The move represents a rare outside appointment at partner level for the private bank with $225 billion in client assets that traces its roots back to the late 18th century and is run in part by seventh-generation descendents of its founding families.

Wealth and Asset Management