Managers of Wealth

Coutts launches a charitable foundation

Coutts, the private bank and wealth management service has launched the Coutts Foundation, a grantmaker which will aim to help tackle the causes and consequences of poverty.

Move over investment banking - private banking is the new career of choice

Since the fall from grace of the Gordon Gekkos of investment banking, the more sedate (and responsible) world of private bankers has started to attract high-fliers, says Giulia Cambieri

Bank J. Safra Sarasin establishes a new centre of expertise for foundations

This centre will provide comprehensive advice and develop products and services tailored to mission-related investing.

Brown Shipley chief: we're not under pressure to do deals

Brown Shipley chief executive Ian Sackfield has said the business will not simply do deals ‘for the sake of it’ and has stressed it is under no pressure from Qatari backer Precision Capital to do so.

NAB Sees Recouping Wealth Management Market Share in Two Years

National Australia Bank Ltd. expects to recoup lost wealth management market share in two years by selling more retirement products and making better use of the bank’s retail network.

Bank of Montreal Says F&C Attractive Even After Withdrawals

Bank of Montreal said it still considers its $1.2 billion takeover of F&C Asset Management Plc “attractive” even after the U.K. money manager disclosed a key client will pull more money from its funds.

RBC Awarded three top honours in inaugural Family Wealth Report Awards

Canadian Private Bank", "Leading Individual" and "Global Custodian" wins for RBC

SocGen seeks to pay bankers bonuses up to double their salaries

France's No. 2 listed bank, Societe Generale, said it will ask shareholders for permission to pay some staff bonuses worth up to double their salaries, in accordance with the European Union cap on bonuses.

CIBC pays CEO $10 million for last year

CIBC president and chief executive Gerry McCaughey earned $10.01 million in total compensation last year

Banks Get Lesson in Pay for Performance

As bonus season rolled in, pay has been top of the agenda for two key constituencies—bankers and private-equity executives.

Wealth managers rarely fully assess the cost of servicing their clients - Gilly Green, Knadel

Do wealth managers know the real cost of managing their clients?

Friends Life awards £14.5 billion mandate to Schroders

Friends Life is to transfer £14.5 billion in assets from F&C to a new strategic partnership with Schroders

Private equity guru buys big stake in fledgling Liverpool fund firm

Via his family office, Perscitus Advisers, he has acquired a significant minority interest in the new fund management firm, which was founded in 2010.

Which Bank Is Most Exposed to Wealth Management Reform?

For many decades, Canadian investors have gotten a raw deal from their banks.

DBS to Buy Societe Generale's Private Banking Business in Asia

Further to the transaction, Societe Generale announces that it has entered into a memorandum of understanding with DBS to develop a commercial partnership combining the strengths of the two franchises for the benefit of their respective clients.

Bellpenny swells FUM by further £21m with latest purchase

Bellpenny, the national wealth manager and IFA acquirer, has acquired Essex-based Personal & Corporate Financial Solutions

Emirates NBD recognised by Euromoney as best provider of private banking services in UAE

Emirates NBD, a leading bank in the region, announced today that it had been named the “Best Local bank United Arab Emirates,” in the 2014 annual Euromoney Private Banking and Wealth Management Survey.

Coutts staff angered at bonus cuts

Staff at Coutts have reacted furiously after learning their bonuses have been slashed by 40% this year.

Emirates NBD recognised by Euromoney as best provider of private banking services in UAE

The survey, which classifies professional wealth management service providers according to international, regional and country-wise criteria, has named Emirates NBD Private Banking as the best local bank in the UAE in the area of wealth management.

Platforms divided as advisers hit out at re-reg exit fees

Advisers have urged platforms to scrap exit fees, which they argue create a costly barrier to re-registration.

Wealth and Asset Management