Managers of Wealth

Aberdeen Asset Management pretax profit down 3 pct

British investment manager Aberdeen Asset Management posted a three percent fall in pretax profit in the six months to March 31, as clients pulled money out of its core emerging market and Asian equity funds.

Bancorp lists on Germany's Frankfurt Stock Exchange

The Company’s operations are diverse covering a significant involvement in global aviation insurance

Barclays wealth profit hit by £22m 'Transform' bill

Barclays chief executive Antony Jenkins said strong performance in its retail and corporate banking franchises helped offset FICC weakness

UK wealth manager hits £3.9bn AUM

Revenues in the second half of the financial year were £16.4m compared with £15.2m in the first half

Towry secures £70m package to fund wealth buy spree

Towry signs £70m financing agreement

Guernsey named best international financial services centre

The annual Wealth Adviser Awards recognise excellence among wealth managers and service providers including trust companies, law and accounting firms and international finance centres.

Swiss wealth-management experts unveil new Multi-Asset Fund

"For 30 years, bonds have served as a stable anchor in investor portfolios," says Felix Zulauf, co-chief investment officer. "These times are long gone."

Orchard Street acquires prime office building in Soho

Orchard Street Investment Management has completed on the acquisition of 33 Golden Square, Soho, W1 on behalf of St James’s Place Wealth Management, from a client of BNP Paribas for £23.5 million.

New adventure in Dubai

The SMP Partners Group has expanded its global network with the opening of a new representative office in Dubai.

Foreign banks exiting wealth management biz in India

Foreign banks are exiting the wealth management business in India as they find the market too small and unprofitable in the long run given the stiff regulations.

Penzance-based wealth manager looking to expand

A COMPANY offering bespoke independent financial advice is entering its sixth year of trading and is looking to expand. Penzance-based Elite Wealth Management UK Ltd was founded in 2009 by managing director Alan Powell, who has recently taken on a fifth

Suisse execs clashed

Disagreement at senior levels

Investment firms boosting profits at expense of customers who die

Hargreaves Lansdown among firms charging heavy fees for probate valuations

Tax-Free Bonuses Disappoint as Middle East Bankers Plan Job Hunt

Banking and finance professionals in the Middle East plan to seek new jobs this year after bonuses failed to meet expectations, according to eFinancialCareers.

Melville Straus, Money Manager With Passion for Arts, Dies at 75

He was chairman of the American Ballet Theatre from 1982 to 1990, treasurer-secretary of Independent Curators International and served as a member of the Contemporary Arts Council of the Museum of Modern Art.

Leading ME bank Launches Global Wealth Management Service In Singapore

One of the leading banks in the UAE is expanding its Consumer Banking Group services globally, and has announced that it is now offering its Global Wealth Management Service in Singapore.

Ermotti Risks Missing UBS Profit Target as Cost-Cutting Slows

Failing to reach the 2016 goal would be a blow to Ermotti, 53, who delayed the objective by a year

India: Private wealth managers a divided lot on election play

Whether or not to take the plunge into equities ahead of the election results is the dichotomy facing private wealth managers.

BMO/F&C Acquisition Update

BMO Europe has confirmed to F&C that it is still awaiting approval of the Acquisition from certain regulators

RBS doubles operating profit to £1.5bn in Q1

Royal Bank of Scotland today said its first-quarter operating profits have doubled and the group remains on track to deliver £1 billion of cost savings for the full year.

Wealth and Asset Management