Managers of Wealth

Barclays Wealth hires UBS veteran to lead FX arm‎

He joins from UBS, where he has spent the last 25 years of his career.

Swiss-headquartered wealth manager launches Bahrain subsidiary

Based in Geneva the firm offers wealth management services to family offices and high net worth individuals.

Lloyds Bank strips five directors of more than £1 million in bonuses

Lloyds Banking Group is to strip five directors of more than £1 million in bonuses as a penalty for a financial scandal that cost the taxpayer-backed bank £3.2 billion last year.

BMO boosts wealth management capability in China

BMO Deepens Commitment to China with Strategic Investment in COFCO Trust Co.

Iveagh launches into Northern Ireland

The fund range offers investors access to the investment team who manage the private investment portfolios of key members of the Guinness family office, including Lord Iveagh.

Guinness Asset Management launches RDR share classes

Independent Financial Advisors (IFAs) will receive no trail commission from the new ‘X’ share class, which have a 75 basis point annual management charge (AMC), and distributors will not be able to rebate any charges back to consumers.

Bonuses of Asian bankers likely to be smaller this year

Asian bankers are expecting their bonus payouts over the next few weeks

Chinese move to wealth products may undermine bank stability

At the same time, deposit growth at Chinese banks last year slowed to 12.7 percent after rising 20 percent in 2010, central bank data show.

Stifel reports 16th consecutive year of record net revenues

The Private Client Group reported net revenues of $205.1 million

Vontobel slumps as it cuts dividend, profit drops - Zurich Mover

Net income dropped 23 percent to 113.7 million Swiss francs ($122.7 million) from 147.8 million francs a year earlier, the Zurich-based firm said today.

WD Chase de Vere plans Edinburgh office

Virginia Faulkner, the head of AWD Chase de Vere’s Scottish operations, is expected to oversee the two offices until they reach capacity.

SGPB Hambros restructures wealth planning team and looks to increase headcount

The restructure is aimed at recognising many high net worth clients have an international dimension to their money affairs, while many non-domiciled clients will need help with the UK aspects of their situation.

Close To Launch New Discretionary Fund Management Offering

The Tailored Portfolio Service being planned is a discretionary fund management service.

Societe Generale chief says trader bonuses will halve after profit fall

France’s second biggest bank, Societe Generale, is to follow the example set yesterday by its larger rival, BNP Paribas, and halve bonuses paid to traders working in its investment banking arm.

SocGen CEO ‘Happy’ With Start to 2012

Societe Generale Chief Executive Frederic Oudea predicted a better 2012 after the French bank reported a worse-than-expected 88.6 percent fall in quarterly profit in the last three months of 2011 on Thursday.

Avoiding the Siren Song of Emotions: Notes from the Wealth Management Conference

What do Homer’s Odyssey, Boombustology, and “financialese” have to do with wealth management? Quite a lot, it turns out.

Guardian Wealth Management to open “state of the art” UK office

The company has appointed the former head of financial planning for Bluefin Group, to spearhead the UK financial planning division

Swiss Private Bank Chief Asian Economist Resigns

He previously worked at Fortis Bank SA and Standard Chartered

Citi Private Bank client buys Kingsley by Thistle hotel

The owner of the Kingsley by Thistle hotel has sold the freehold for the building to a private client of Citi Private Bank for around £40m.

Ralph & Russo at Coutts

Coutts has taken banks’ public image problem more literally than most.

Wealth and Asset Management