Managers of Wealth

Citi CEO Corbat gets $17.8m in 2013

Citigroup Inc Chief Executive Michael Corbat received a 23 per cent pay rise in 2013, his first full year after replacing Vikram Pandit at the helm, a regulatory filing on Thursday showed.

It seems like private banking never gets any respect...

What It's Like Running Money For Some Of The Richest Families In The World

AMP reports good growth in wealth management

Australia’s biggest life insurer AMP has reported a 2 per cent fall in net profit to $672 million for the year to December, as earnings were hammered by worsening claims and customers cancelling their cover.

Rathbones profits up 15 pct as markets rise

Andy Pomfret, chief executive, Philip Howell, deputy chief executive and Paul Stockton, finance director, discuss Rathbone Brothers Plc's results to 31 December 2013

NAB named best private bank

National Australia Bank Private Wealth, for the second year in a row, has been named the best private bank in Australia at the Asian Private Banker Awards for Distinction.

7IM switches Income fund to a passive mandate

7IM to expand its active allocated passive range by changing the strategy on the CF 7IM Income fund.

Northern Trust Expands Global Family & Private Investment Offices Group in London

The Global Family and Private Investment Offices group (GFO) is a boutique practice within Northern Trust's Wealth Management business. Established more than 30 years ago,

Singapore, Now World's Fastest Growing Wealth Management Hub, Not Free From Tax Evasion And Other Crimes

Singapore has overtaken Switzerland, emerging as the world’s fastest-growing wealth management center

Asset management CEOs optimistic about future revenues - PwC

Research from PwC has revealed that 97% of asset management CEOs are confident that their revenues will increase over the next three years.

Wealth firm to join AIM to fund 'strategic' acquisitions

In a statement to the Stock Exchange, AFH said it believes it has made sufficient progress to join AIM and that the move would help the company attract new investors and improve its profile.

Wealth management products aren't part of shadow banking

The wealth management business in Chinese banking "should not" be categorized as shadow banking,

Credit Suisse extends scheme to pay top staff bonuses in cocos

Credit Suisse has changed the way it offers bonuses to top staff in a new bid to make employees take on risk, in a way which meets the wave of new regulations.

As discontent grows, Singapore budget to tighten noose on the rich

Singapore is known as a tropical refuge for the world's wealthy, endowed with exclusive residential enclaves, a marina for super-yachts, two casinos and an annual Formula One race that brings in the global jet-set.

Raymond James Launches New Advisor Development Program for Registered Service Associates

The pilot program, which was launched at the end of 2013, aims to help address two compelling industry issues: attracting more women into the profession and providing potential successors for retiring advisors.

Sanlam sets £6bn goal after board reshuffl

Alex Morley said he would aim to grow the firm “in a careful and considered fashion”, targeting an adviser head-count of 250-300 by 2017.

Brewin Dolphin sees success ahead for Neptune European

Brewin Dolphin has tipped Rob Burnett’s Neptune European Opportunities fund for success in 2014 as it remains bullish on European markets.

What does platform price war mean for wealth managers?

Wealth managers across the board insist pricing is not the overriding concern when selecting a fund

London is a whole new world as foreign wealth finds home

Traditional communities are dying out because many streets in “prime” parts of London house barely a single British resident

Credit Suisse Investment Chief Seeks More Impact to Win Clients

“We wanted to aim for a one-voice strategy and for consistency, to align everyone around the same process,” Strobaek, 44, said in an interview in Zurich.

JTC Group announces further strategic alliances with firms in Europe

JTC Group has formed alliance partnerships with two firms within the EU to widen its geographical reach and add further to its global expertise.

Wealth and Asset Management