05/28/2013
Deutsche Bank’s Sal. Oppenheim to cut more than third of jobs
The bank, which caters to ultra-rich Germans, said in a statement it would cut up to 330 jobs out of a total of 870 by the end of 2014.
Wealth and Asset Management
05/27/2013
Canada’s executive compensation practices have come a long way
What some people don’t realize is that executive compensation tends to be the single largest expense an organization might incur.
05/27/2013
New Shariah-compliant funds target HNW's and family offices
The funds are targeted at institutions, high net worth individuals, family offices, and qualified distributors wishing to invest in a socially responsible manner, while complying with Shariah principles.
05/27/2013
Death of a prominent private wealth manager shakes Texas investors
A spokesman said in a statement that following Mr. Powell's death, the fund-management company has become "aware of unusual transactions Mr. Powell seems to have conducted personally outside of his work for Atlantic Trust."
05/27/2013
Julius Baer starts transfer of Merrill Lynch’s wealth management business in HK, Singapore
The transfer of the businesses in Hong Kong and Singapore to Julius Baer’s existing entities is expected to double the Bank’s assets under management in Asia, thereby significantly strengthening Julius Baer’s already strong position in t
05/27/2013
Ashburton targets private wealth and family offices with launch of Africa Equity Opportunities Fund
Africa Equity Opportunities Fund to be the first Ashburton UCITS fund
05/27/2013
Kleinwort Benson could be back on market as hedgies turn on parent
RHJ has seen around 80% of its value wiped out
05/27/2013
Santander confirms plans for asset management sale
Exploring the possibility of incorporating investors to its asset management division
05/27/2013
Pictet to Lombard Odier Win Clients Amid Swiss Secrecy Crackdown
They are adding client assets faster than their biggest rivals
05/26/2013
UBS to Sponsor Art Basel in Hong Kong
Terms of the deal, which is expected to be announced Monday, weren't known.
05/26/2013
Whatever their reputation, people still want to be bankers
The image of the financial industry has suffered badly in the global economic crisis, but banks have no problems recruiting graduates
05/26/2013
Turbulent times call for cool heads
Despite all the recent global headwinds, we've had great performance in some markets
05/26/2013
Swiss private bank opts to groom wealth managers
The most challenging thing in Asia is to get the right people on board
05/26/2013
Beijing struggles to find wealth fund head
Empty chair in sovereign wealth fund's corner office worries investment industry observers and casts shadow over economic reform plans
05/26/2013
Lion City cash curbs open door for HK
Hong Kong has been one step ahead in anti-money laundering regulations and has cracked down hard on tax evasion
05/25/2013
Schroders star Andy Brough signs up for Ukip
Andy Brough, who manages Schroders’ £1.4 billion mid-cap fund, is understood to have joined Nigel Farage’s party
05/25/2013
Carmignac boosts UK presence via Raymond James platform
UK investors are increasingly appreciating the value of investing globally
05/23/2013
Critchleys launches private client arm
Under the new proposition, clients will pay a fixed price for their financial plan
05/23/2013
Close Brothers delivers good performance
Growth in the business was slightly lower than last year due to a moderation in demand in some markets. The net interest margin remained broadly stable.
05/23/2013
National Bank considering new acquisitions in Canadian wealth management
National Bank says it's interested in new acquisitions