Managers of Wealth

Antwerp Diamond Bank Bought By Shanghai Investor

The deal has been anticipated for years, ever since the Belgian government bailed out KBC for $9.5 billion during the financial crisis of the late 00's.

EW Group Makes Further Loan To European Wealth Management

The loan is a two-year loan and bears interest of 10%, payable monthly

Only 40 Swiss banks agree to reveal hidden accounts

Around 40 of Switzerland’s some 300 banks have already said publicly they will take part in a US programme set up to allow Swiss financial institutions to avoid US prosecution in exchange for coming clean and possibly paying steep fines.

Private banks urged to protect gatekeeper role

Contact between product selectors and relationship managers in a client setting may be inappropriate, says LGT.

Aberdeen Asset deputy in £5.4m shares payout

Aberdeen Asset Management's veteran deputy chief executive Andrew Laing has enjoyed a £5.4 million payday as he became the latest senior figure at the acquisitive fund manager to cash in stock.

Kleinwort Benson Announces Update on Regulatory Process for Proposed Acquisition of BHF-BANK

This information has already been provided.

Brooks Macdonald Group Acquisition

Option Agreement to Acquire Levitas Investment Management Services

UBS takes big stake in Ashcourt Rowan

The news follows an announcement by Ashcourt that it had entered into an agreement to buy UKWM, a north west England-focused discretionary and pensions management group, for £14.25 million. It ensnare

Islamic wealth management still needs to develop, says inceif

Islamic wealth management is still new in Malaysia and needs to be developed further

Report Finds Investors and Financial Providers Have Differing Views of 'Wealth Management'

Seventy-seven percent of male investors are familiar with the term "wealth management'' while only 63 percent of females are familiar with it.

Towry ties up Deverill Black deal

The firm said: “Having been approached and concluded that the holding was not strategic in nature, the group accepted the offer made for its shareholding in Deverill Black.”

Union Bancaire Privee says Joins U.S. Tax Deal

The scheme requires Swiss banks to hand out some previously hidden information and face penalties of up to 50 percent of assets they managed on behalf of U.S. clients.

Wells Fargo Sweetens Brokers' Deferred Pay, Retirement Incentives

Morgan Stanley, Bank of America Corp's Merrill Lynch and UBS AG's U.S. brokerage unit unveiled plans two weeks ago that reward asset gathering, encourage brokers to work in teams and toughened revenue targets for lower-tier advisers.

Ashcourt Rowan targets £10bn in AUM in five years

Ashcourt Rowan is looking to grow its assets under management from £3.7bn to £10bn in the next three to five years following its deal to acquire adviser firm UK Wealth Management for up to £14.25m.

UBS Sells Stock Benefits Manager to Montagu Private Equity

The sale of the unit, called Corporate Employee Financial Services International, is expected to close in 2014

Why are Hedgies Pouncing on Wealth Managers?

The march of hedge funds up the shareholder registers of listed wealth managers has been relentless

Jersey’s financial services credentials highlighted to senior UAE and Qatar professionals

Jersey’s role as a partner jurisdiction for wealth management, banking, corporate and funds work in the Middle East was highlighted to audiences of senior finance professionals at two key events in the Gulf region this month.

Wealth management firm to run Investment Quorum discretionary funds

Six risk-rated discretionary portfolios to be outsourced to Ingenious Asset Management.

Valartis Bank AG, Switzerland, decides not to participate in the US Tax Programme for Swiss Banks

Bank will decide at a later time whether to register for Category 3 or not to participate at all.

House of Fraser close to falling into French hands

House of Fraser has hired Rothschild to manage the process, and has been holding a beauty parade for advisers over recent weeks.

Wealth and Asset Management