Managers of Wealth

IBRC to wind down wealth management arm

IBRC, the former Anglo Irish Bank, says it has decided to wind down its wealth management division.

Morgan Stanley, Credit Suisse Lead Investment Bank Pay Cuts

Morgan Stanley, Credit Suisse Group AG and Citigroup Inc. made some of the year's biggest cuts in compensation for investment bankers, averaging as much as 30 percent, as Wall Street firms grappled with lower revenue.

Putin demands wealth tax

The levy would be introduced in 2013 as part of legislation needed to reduce a massive gap between rich and poor, Putin said in a statement on his candidate website www.putin2012.ru.

Canada’s second-largest lender Considering ‘Wealth Opportunity’ in U.S

“There’s obviously a wealth opportunity there.”

Bryn Mawr Increases Wealth Management Assets by 41.5%

"Our record earnings, which are primarily attributed to steady loan growth and enhanced Wealth Management revenue, made 2011 a very good year for the Corporation."

Accounting firm eyes HNWI business

"At a time when many businesses are struggling to cope with challenging business conditions, it's vital they look to improve the way they operate at a fundamental level - only those that do so will survive and even thrive in the current environm

Tennant sets out changes at Kleinwort Benson

The bank, whose roots stretch back over 200 years in the UK, was bought by German Dresdner Bank in 1995.

Luxembourg eyes huge spend from Qatar

Luxembourg’s 40-year-old finance centre finds immense opportunities for co-operation with the Qatar Financial Centre (QFC) in management and investment funds; wealth management; and trade and corporate finance.

Swiss private bank sued in Singapore over minor’s risky trades

“The trades were carried out through the instigation of Chwee without any consultation with WF Ow,” the Ows said in their lawsuit.

On the acquisition trail for wealthy families

She said: “It is very expensive to buy businesses, and there has to be a cultural fit. But if the right business came along, then we wouldn’t ignore it.”

RBS’s Hester May Get Further 8 Million Pounds Bonus, Times Says

Hester is set to be awarded 3.6 million shares, worth about 963,000 pounds, for last year.

Barclays to face 'shareholder rebellion' if bonus restraint is not exercised

One of Barclays’ top 10 investors is reported to have said: “If the bank doesn’t exercise real restraint then it faces a shareholder rebellion.”

Public believe executives pay should not exceed £1 million

Just 7% of those questioned supported £1 million salaries for chief executives of firms in the Ftse 100, while only 1% said senior bosses were worth the £4 million currently earned by those at the top end of business.

BNP Paribas strengthens its communication team

Jean-François Boutringain, 49, has been appointed Chief Operating Officer, for Brand, Communications and Quality for the BNP Paribas Group, in charge of coordinating teams and resources.

High-Net-Worth Social Network Launches Innovative Social Philanthropy

The opt-in program allows members to select from a rotating menu of charitable initiatives and desired raffle prize.

Nicola Horlick gets back down to business with Rockpool

In recent years, she has focused her efforts away from the financial markets, raising money for private film ventures and a small chain of restaurants to be named after her daughter, Georgina, who died of leukaemia in 1998.

French Banks to Cut 2011 Bonuses as Much as 50%

French banks intend to cut bonus payments for 2011 by between 40 percent and 50 percent, Le Journal du Dimanche reported, without saying where it obtained the information.

Falcon Private Bank launches new fund

Emerging markets are expected to increasingly decouple from developed markets and as such offer a diversified investment opportunity.

Credit Suisse Senior Bankers’ Compensation Said to Drop by 30%

For some bankers, including a number in Asia, total pay will only drop by about 20 percent, said one of the people who declined to be identified because they weren’t authorized to speak publicly.

Dresdner bonus culture exposed

One of the 104 investment bankers suing for €50m in unpaid bonuses told the UK High Court on Thursday he had expected a further €300,000 bonus in 2008 despite already receiving a €300,000 guaranteed bonus from Dresdner for that year.

Wealth and Asset Management