Managers of Wealth

ME bank sets up private banking division

The agreement was signed by Mr. Varouj Nerguizian, Executive Board Member and General Manager

City funds prepare assault on excessive executive pay

Pay packages for executives in Britain’s biggest companies have escalated out of all proportion to their financial performance or value to society, some of the City’s most powerful investors warn today.

Northern Trust gains hedge fund traction

It said that in the past seven months, Northern Trust Hedge Fund Services (NTHFS) had secured 22 client wins on four continents.

FTSE license charges leave wealth managers seething

A spokesperson for FTSE denied any changes in its commercial policy, particularly for Apcims members. She added: ‘Our current licensing requirements remain. There may have been some members who were not aware of this.’

Barclays chief to defer part of bonus‎

Chief executive attempts to head off shareholder rebellion over £17m pay package at next week's annual meeting

Brewin Dolphin expands in Cheltenham

Alex Barrell, head of the Cheltenham office said: “We are very excited about our move. We needed to find larger premises but didn’t want to leave Cheltenham so St James’ is perfect.

Berry offers clients Swiss National Bank deposit facility

Berry founder and chairman Jamie Berry said the facility would be offered to clients through strengthened ties with parent Swiss private bank Bordier.

Clariden Leu / LGT team planning two new insurance-linked strategy funds

Michael Stahel and his portfolio management team, who currently manage insurance-linked securities funds for Swiss based investment manager and private bank Clariden Leu but are soon to move to their new home at LGT Capital Management, are planning to lau

Morgan Stanley Boosts Investment Bank’s Compensation Pool 10%

Morgan Stanley set aside $2.11 billion to pay employees at its investment-banking division in the first quarter, 10 percent more than a year earlier.

World’s Richest Worth $1 Trillion on Billionaire List

The 40 richest individuals on Earth lost a combined $6.2 billion yesterday as stocks dropped amid disappointing U.S. earnings, according to the Bloomberg Billionaires Index, a daily ranking of the wealthiest people.

Billionaire Families Join Pledge on Giving

The billionaire founders of PayPal and Broadcom Corp. are among a dozen wealthy families that have agreed to give the majority of their wealth to charity, following in the footsteps of technology entrepreneurs such as Bill Gates and Mark Zuckerberg.

Saudi women expanding wealth management role

A prestigious forum is being held in Jeddah today to help women in the Kingdom to improve their understanding of real estate investments, focusing particularly on the British market.

Government is right to cap charitable tax relief

Those with sufficient income who gain tax relief by donating to charity also gain the unique privilege of choosing how their tax is spent.

Iveagh scraps Wealth Fund performance fee

The performance fee on the fund was previously set at 10 per cent of returns above the hurdle rate, which was set at three-month USD Libor.

These cities have the most ultra-rich people

There are now 63,000 people worldwide with $100 million or more in assets, according to Ledbury Research, which specialises in monitoring global wealth trends.

Debut Issue of Philanthropy Management: Do Entrepreneurs Make Effective Philanthropists?

For these reasons, Philanthropy Management suggests that wealth consultants and other advisors manage the expectations of entrepreneurs who are making their first serious forays into philanthropy.

South and Southeast Asian start for ambitious Guggenheim UBS MAP Initiative

The Guggenheim’s engagement with the South and Southeast region goes back even further than this programme, including exhibitions from seminal artists Rirkrit Tiravanija and Anish Kapoor.

US subsidiary of leading French bank launches mortgage service for wealthy clients

In addition to the creation of the private mortgage banking team, the bank continues its investments in its wealth management service model and capabilities, including the opening of additional dedicated wealth management client centers.

Hargreaves Lansdown defies volatile markets

Hargreaves Lansdown, the quoted financial adviser, reported a £2.6bn rise in assets under administration to a record £26bn in the three months to the end of March as investor confidence rose slightly despite volatile markets.

Swiss private bank gets banking licence in Hong Kong

They has been operating in Asia for over 25 years

Wealth and Asset Management