Managers of Wealth

Close Brothers reports asset management loss

Tough times are continuing at the Securities division of merchant banking group Close Brothers, but the Banking division continues to do well, with good growth in the loan book.

Being international isn't sexy anymore for Citi

Citigroup has a world of problems...

Enness Private Clients launches high net worth referral service

The service is aimed at advisers who have clients seeking large loans but may be unable to secure them through mainstream lenders.

Abu Dhabi fund backs UniCredit

The share sale, known as a rights issue, is being watched as a barometer of investors' willingness to recapitalize Europe's troubled banking sector.

NZ's Kiwibank buys rival to boost wealth management

Kiwibank did not disclose the acquisition price, but said GMI has more than NZ$1.5 billion ($1.2 billion) under management from more than 57,000 customers.

How Would Millionaires Fix the Economy?

Fully 40% said that if their taxes were increased, they would change their investment strategy. One in four said they would reduce their charitable giving.

The Future For Ex-Bank of America Exec Sallie Krawcheck

Most recently, Bank of America CEO Brian Moynihan unceremoniously ousted Krawcheck in September, despite her strong performance successfully overseeing more than $2 trillion in client assets.

Barclays Wealth Trustees names US president

He will be responsible for managing the trust company as it continues to grow.

Porte Brown Wealth Management Wins Top Awards for 2011

This year, 1st Global partner firms were inspired to discover their next act by world-class speakers. Michael E. Gerber, author of multiple E-Myth books, challenged everyone to start working ON their business not simply IN it. Diana Nyad spoke of her dete

Millionaires Want to Give Back Despite Economic Headwinds

The survey shows that almost one in four millionaires (24%) donated between $25,000 and $999,000 in 2010, up from 12% in 2008. It also shows that 21% plan to increase their spending, while 46% plan no change and 22% intend to cut back.

Philanthropy on rise in China: Bill Gates

In a recent written interview with Xinhua, the co-founder of Microsoft Corp and co-chair of the Bill & Melinda Gates Foundation said he believes China will surprise the world in its embrace of philanthropy.

59pc of millionaires feel obligation to give back - PNC Wealth

Fifty-nine percent of millionaires agree they feel they have an obligation to give back to their community, according to a survey released Jan. 17 by PNC Wealth Management . The percentage remains the same as it was in 2008.

St James's Place reports a record year for new business

St. James’s Place today issues its new business update for the twelve months ended 31 December 2011.

Raymond James Financial acquires full ownership of UK subsidiary

Raymond James Financial now owns 100% of UK subsidiary Raymond James Investment Services (RJIS) following the acquisition of Killik & Co’s 25% stake in the UK private client wealth management business.

London shrinks faster than any financial center as banks come under attack

Having fired more employees than in any other country last year, the capital’s banks are facing falling trading revenue, attacks from politicians to reduce pay and more job cuts.

Swiss asset manager to open Bahrain office

The Central Bank of Bahrain (CBB) said it has granted a representative office licence to the Swiss firm for operation in the Kingdom.

Swiss private bank closes office due to 'challenging conditions'

The closure follows its sale of EFG's Danish unit to SEB Wealth Management for an undisclosed price earlier this year.

FSA approves £1.9m Arbuthnot Securities sale

Sale of investment banking unit to Westhouse Holdings to be complete by the end of the week company confirms.

Banker sackings and suspensions double in two years

The number of investment bankers sacked or suspended for failing to comply with regulatory rules has doubled in the two years since the Lehman Brothers crash, official figures show.

‘Boutique’ investment banks eye Asia

So rapidly has the concept of ‘boutique’ investment banks evolved in the past few years that it has become hard to define clearly.

Wealth and Asset Management