Managers of Wealth

Australia's richest person doubles wealth in a week

The project is scheduled to begin shipping iron ore within two years, The Australian reports.

Belgium's structured products moratorium hastens rise in private banking activity

When retail banks got their first taste of the Belgian Financial Services and Markets Authority (FSMA) moratorium last year, the restriction on the distribution of structured products deemed too complex for retail investor’s shook up the market in B

Moynihan Says Bank Of America Could Save Up To $3 Billion Annually Cutting Costs

It's a leaner, sexier Bank of America...

Wall Street's Hilarious Guide To Investing And Generating Personal Wealth In The Year Of The Dragon

Kung hei fat choi!

Morgan Stanley confirms sale of Quilter

The company is headed by chief executive Martin Baines and also counts rain-maker Stephen Vakil in its staff.

Axa Wealth restructure puts 50 jobs at risk

“While Axa Wealth has experienced unprecedented growth, it has resulted in us being unable, at times, to devote the specialist support that we feel we need to give to different adviser segments.

Old Mutual Rejigs Europe Ops To Boost Wealth Management Unit ‎

This follows a strategic review of the businesses due to macro-economic and regulatory developments in the European long-term savings and investment markets and changes in customer preferences.

Executive pay is 'unjustifiable', says City superwoman Nicola Horlick

City investment 'superwoman' Nicola Horlick has said it was wrong for executive pay to increase when company profits have struggled.

Sanlam Private Wealth acquires two IFA client banks‎

No principals or staff from either firm will join SPW

Barclays names head of Wealth in Saudi

He will champion the development of the wealth management activities of Barclays Saudi Arabia ranging from Wealth Management activities and client service capabilities to the development and implementation of the Saudi wealth management strategy.

Brooks Macdonald hits £3 billion

Brooks Macdonald saw discretionary assets under management jump by 11% in the final quarter of 2011 and pass the £3 billion mark.

Gorman Said to Get 25% Pay Cut as Dimon Remains at $23 Million

Dimon’s pay package last year consisted of $1 million in salary, a $5 million cash bonus and $17 million in stock and options. JPMorgan increased his salary in March to $1.5 million.

Barclays Wealth hires Rothschild UK investment head ‎

He joins from Rothschild Private Management, where from 2009 he was Head of UK Portfolio Management and sat on the Global Asset Allocation Committee.

Morgan Stanley nears British wealth management unit sale

Morgan Stanley is close to selling a British wealth management unit to private equity firm...

The rise of the overclass

We’ve all heard of the 'underclass’: now its mirror image – a super-rich elite that is equally cut off from the rest of us – is defining the political debate.

Oxfam moves into fund world

The Small Enterprise Impact Investment Fund is a joint initiative between Oxfam GB and Symbiotics, a Swiss microfinance specialist.

Rémy Cointreau in high spirits

The third quarter (from October to Christmas) was the French group’s strongest so far this financial year, with turnover increasing by a remarkable 30.5%, which sharply exceeded the group’s own forecasts.

Aberdeen's AUM rise despite net outflows‎

£7.8 billion of new business won in the quarter

Social Media in Wealth Management: The Evolving Role of Social Tools for Superior Customer Experience

The crisis of 2008 and the economic recession following it affected the perception investors have about wealth managers and financial services providers, leading to lower levels of trust. Therefore firms have to be more proactive and dynamic with their cu

Edmond de Rothschild Foundation fueling social entrepreneurship in India

A network of 12 foundations spread across France, Spain, USA and Israel is at the pivotal point of transitioning from a traditional charity giving approach to strategic philanthropy.

Wealth and Asset Management