05/07/2014
UBS sets new cost target in US wealth business
UBS AG has set tighter expense control targets for its Americas wealth management business.
Wealth and Asset Management
05/06/2014
UBS Wealth Management profits up
BS delivered a solid first-quarter performance despite a volatile operating environment. Every one of UBS's business divisions and regions was profitable, reflecting the firm's successful strategy and the strong positions it has created both fro
05/06/2014
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.
05/06/2014
Bancorp lists on Germany's Frankfurt Stock Exchange
The Company’s operations are diverse covering a significant involvement in global aviation insurance
05/06/2014
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
05/06/2014
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
05/06/2014
Towry secures £70m package to fund wealth buy spree
Towry signs £70m financing agreement
05/06/2014
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.
05/06/2014
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."
05/06/2014
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.
05/06/2014
New adventure in Dubai
The SMP Partners Group has expanded its global network with the opening of a new representative office in Dubai.
05/05/2014
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.
05/05/2014
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
05/05/2014
Suisse execs clashed
Disagreement at senior levels
05/05/2014
Investment firms boosting profits at expense of customers who die
Hargreaves Lansdown among firms charging heavy fees for probate valuations
05/05/2014
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.
05/05/2014
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.
05/05/2014
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.
05/05/2014
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
05/02/2014
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.