Managers of Wealth

Old Mutual Wealth Targets Over GBP300 Million Pre-Tax Profit in 2015

Old Mutual will take a net GBP15 million operating charge in 2012 for closing to new business

Recruiters raise the stakes in the hunt for talent

The ferocious rise in the number of Asia’s wealthy is being matched only by the scramble by private bankers to influence what they do with their cash.

Managers of wealth need to be nimble

“The difference between this year and last is that geopolitical concerns have moved centre stage,” says Jane Fraser, head of global private banking at Citigroup, the US bank.

Credit Suisse combines private banking and AM divisions

Credit Suisse today announced changes in its organizational structure and to its Executive Board effective November 30, 2012.

Rothschild Group head is 'European Banker of the Year'

European Banker of the Year award 2011 during an award ceremony at the Frankfurt Euro Finance Week in Germany on Monday.

Growing regulatory costs send Apcims into the red

Revenues and cash were flat on the year and Apcims has pledged to only raise its membership fees in line with inflation.

Bank of China wins “Best Private Bank”

At present, BOC has set up private banking branches in 20 key regions across the country,

MPA Financial Management sign strategic outsourcing investment partnership with London & Capital

London & Capital has entered into a partnership agreement with Warwickshire-based financial planning firm, ‘MPA Financial Management’, to provide a comprehensive range of outsourced, discretionary managed investment solutions.

Zurich Maintains Position At The Top Of Swiss UHNW City Rankings

Wealth-X has unveiled the list of the top 5 cities in Switzerland, ranked according to the number of ultra high net worth individuals (UHNWIs) in each city.

Liontrust’s Cross and Fosh pour millions more into Brooks Macdonald

The transaction took place on 19 November and was worth around £4 million based on yesterday’s closing price of £12.25.

Whitechurch brings portfolios to IFA community

Company to bring two existing equity strategies to the IFA market.

World’s Wealthiest Lose $26 Billion as Fiscal Cliff Nears

Microsoft Corp. (MSFT) co-founder Bill Gates, 57, lost $1.8 billion as shares of the world’s largest software maker retreated 8 percent during the week.

Spanish bank downsizes its private banking business

The lender expects to complete the integration by 2013

NBAD wins best private bank award

At a time when private banking has never been under greater scrutiny

Northern Trust develops new reporting solution

Northern Trust Integro Helps Clients Increase Transparency into Portfolio Holdings

Lord North Street hires JP Morgan banker for Swiss launch

Swiss Private Investment Office is further step in international expansion

St James's Place drops GAM's Green and THSP in global equity overhaul

The two firms being brought on board are Magellan Asset Management, based in Australia, and Edgepoint, based in Canada.

Denmark's biggest bank to target private clients in Ireland

The bank has completed a significant restructure of its Irish business from a traditional retail bank to a specialised bank focussing on corporate and private clients

Bank’s F1 sponsorship gives high rollers what money can’t buy

The bank acknowledges that there is something more to its sponsorship than meets the eye.

RBS Seeks Coutts Deal With London 2012 Boss

Taxpayer-backed bank's chairman seeks out-of-court deal with Air Miles tycoon on Coutts mis-selling allegations, Sky News learns.

Wealth and Asset Management