07/15/2013
British bankers earned more than the rest of the European Union put together
Figures from the EU's banking regulator showed 2,346 bankers earned more than 1m euros in the UK, compared with 739 in the rest of the EU
Wealth and Asset Management
07/15/2013
Goldman Beats Estimates on Investment Banking, Debt Gains
Goldman Sachs Group Inc. said earnings doubled, beating analysts’ estimates on a surge in underwriting revenue and gains from the firm’s own investments.
07/14/2013
CEO of deVere buys UAE wealth management firm
The deVere Group's Nigel Green was officially presented as Acuma's new owner to the firm's 50-strong team at the entity's headquarters in Dubai this morning, after the deal was finalised on Friday.
07/14/2013
China Orders Banks to Register Wealth Management Products
China's banking regulator has taken further steps to tighten its oversight of wealth management products by asking banks to register these products before selling them to the public.
07/14/2013
Swiss Private Banks Continue to Face Headwinds - Fitch
Well Placed To Withstand Pressure
07/14/2013
Julius Baer boosts Israel activity
Swiss private banking institution incorporates activity of Merrill Lynch's wealth management division into its TA office to strengthen presence in Israeli market
07/14/2013
Rich Latin Americans love Miami
Itaú Private Bank International: Building on Miami’s allure to Latins
07/14/2013
Dubai loses ground to London in battle of banking
London has strong links to the Gulf region due to its historical bonds with the sheikhdoms when they granted Britain as trucial states access
07/14/2013
Bennelong Group appointa new wealth management head
Bennelong has stated it plans to build a national wealth management business targeted to high-net-worth clients
07/14/2013
Nine in 10 high net worth individuals use social media
"Nine in 10 high net worth individuals use social media and 52% would like to engage with an adviser through social media," Ambrose said.
07/14/2013
HSBC Trinkaus to sell private banking in Luxembourg
Approximately 20 employees working for the private banking business of HSBC Trinkaus & Burkhardt (International) SA are expected to transfer to VP Bank as part of the sale.
07/14/2013
Lloyds' grip on private banking loosens as Rathbones and Investec grab UK share
The bank has some $398 billion under management globally, and was followed in the list by Barclays which runs $201.4 billion.
07/14/2013
Wealth managers fire warning shot over ‘super clean’ fund deals
The race to secure the best priced share classes intensified earlier this month when Standard Life became the first platform to secure super clean deals.
07/14/2013
Focus Financial Partners Receives Strategic Equity Investment
The independent, RIA industry is a growing $3.2 trillion market that continues to attract fiduciary-minded wealth managers
07/14/2013
Citigroup 42% Profit Rise Tops Estimates
Chief Executive Officer Michael Corbat, 53, has fired thousands of workers and scaled back operations in some countries to cut costs since replacing Vikram Pandit, 56, in October.
07/14/2013
Angel Investors Are Spreading the Wealth
The world is changing for angel investors, the ultra-wealthy looking for start-up companies to fund
07/14/2013
Millionaires Most Concerned about Security of Their Financial Information Online
As mobile technology and social media usage increases, so, too, do concerns about the security of financial information
07/14/2013
7IM bags £80m model portfolio mandate
Towergate Financial awards 7IM with mandate for its passive model portfolio range after “concerns” about previous manager Evercore Pan-Asset’s performance.
07/11/2013
Goldman Sachs, Morgan Stanley embrace private banking
Would an acquisition be out of the question?
07/11/2013
Psigma IM buys AXA Framlington private client arm
Part of the Punter Southall Group, PIM has £1.5 billion of assets under management and sees this transaction as an important milestone in its continuing growth.