Managers of Wealth

IFA acquisition brings Web £20m in funds

The acquisition of another Surrey-based firm adds two more IFAs to Web’s personnel, corporate specialist Stuart Smillie and private client expert James Child.

Norway’s wealth fund wants less of Europe, more of Asia

The fund, which holds nearly 2 per cent of all European shares, also has to adjust to lower real-return expectations and the government must cut back on how much of the oil money it spends if it wants to preserve the fund, Norges Bank, which manages the f

Classic cars as a viable investment choice

With property prices floundering and returns falling on cash and equity, it suggested that alternative investments have seen renewed interest following the recession.

New bond programmes being launched for charity groups

Third Sector reports that the organisation's chief executive Geoff Burnand announced the development of these new funds, worth up to £10 million.

It wasn't such a sacrifice after all: RBS chief Stephen Hester gets £600k shares windfall weeks after giving up £1m bonus

Under complex City pay arrangements, Mr Hester is only now receiving shares relating to his work in 2010.

Julius Baer cuts CEO Boris Collardi’s pay after profit declines

Collardi also voluntarily reduced his base salary by 10 percent for the 10-month period through June 2012, according to the annual report. That salary totaled 943,467 francs last year.

Private jet makers woo Asia's super rich

The Hong Kong-born martial arts movie star, who has a massive following in China, was appointed this month as the company's first ever brand ambassador.

US retail banking groups are harmonizing UHNW business

The US wealth management market benefits from the vast scale of many industries that are global leaders, including the pharmaceutical, aerospace, technology, and defense industries.

Islamic wealth industry grew 15pc-20pc over the past decade

The Islamic funds industry has grown sharply over the past decade thanks to the growing number of institutions structuring products as Shariah-compliant alternative investments.

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.