02/26/2014
Clients redeemed $10.2 billion, or 13 percent of the company’s average assets, in Ashmore’s fiscal first half because of withdrawals in some fixed-income and currency investments, according to the statement.
02/26/2014
All management and key staff will retain equity interests in R&M Group.
02/26/2014
Wealth Management net income was $235 million, up $6 million or 3% compared to last year, mainly due to higher average fee-based client assets resulting from capital appreciation and strong net sales.
02/26/2014
The bunker deep in the Swiss Alps an hour’s drive south of Zurich was designed to withstand nuclear blasts and protect soldiers from a foreign invasion that never came. Today, it’s used to guard digital data.
02/26/2014
A new proposal, currently under review by home secretary Theresa May, could revolutionise the UK "investor" visa, creating billions of pounds worth of inward investment for the UK.
02/26/2014
The second-largest bank in Switzerland is moving in the opposite direction of rivals like Societe Generale and Merrill Lynch, which have given up on their private banking business in Japan.
02/25/2014
Global Wealth Management revenues for the fourth quarter rose 15 percent from the year-ago
02/25/2014
The investment bank executive, who oversees the firm’s wealth management franchise and its investment management business, says Morgan Stanley is open to making acquisitions to grow the $373-billion investment franchise known as Morgan Stanley Inves
02/25/2014
In advanced talks to acquire international adviser business in Asia
02/25/2014
As the world becomes increasingly interconnected, death and taxes (according to Benjamin Franklin) remain certain es in an uncertain economic landscape.
02/25/2014
Close Brothers Asset Management launches Master Trust to support SMEs
Close Brothers Asset Management has launched a multi-employer master trust, known as YourWorkplacePension, to support SMEs approaching their auto enrolment staging dates.
02/25/2014
Controladora Comercial Mexicana SAB, owner of almost 300 supermarkets and restaurants, has put itself up for sale and is asking potential buyers to submit offers
02/25/2014
Globally, the bank has also transferred 365 private bankers during the year and now has a total of 1,197 relationship managers. In Hong Kong and Singapore, a total of 489 staff was transferred, of which 139 were private bankers.
02/25/2014
The WMA is headed by Tim May
02/25/2014
Tens of thousands of Chinese and Asian citizens may have to find a new destination for their wealth after the Canadian government announced its intention to end its immigrant investor programme.
02/25/2014
AXA Wealth has slashed the pricing on its execution only platform AXA Self Investor.
02/24/2014
Wealth management and capital markets expected to drive Canadian bank profits
Canada's big banks are facing a tougher market for retail banking as the housing market slows and consumers look to reduce debt.
02/24/2014
HSBC to announce bonuses totaling $4 billion
HSBC will announce staff bonuses totaling just under 2.4 billion pounds globally for 2013 and is expected to report a significant rise in pretax profit,
02/24/2014
Running up against the limits of a recruitment strategy based on swiping advisor talent from their competitors, leading wealth management firms are trying a new ploy: Growing their own.
02/24/2014
HSBC has reported a 9% rise in profit for last year, boosted by cost cuts as it restructured the business.