Managers of Wealth

Newton augments UK private client team with new hire

Prior to joining Newton she spent 10 years working at Goldman Sachs Asset Management.

Senior Middle East Management Changes At Pictet

"With the ongoing turmoil in regional and international markets, the need for sound asset and wealth management is greater than ever,"

Banks brace for backlash as bonus season arrives

But announcements of more than 125,000 job cuts last year mean bankers will find it harder to use their traditional excuse that they need to pay out big bonuses to retain top talent.

Majority of ultra wealthy don't share personal goals with financial advisors

The poll, of nearly 100 individuals representing individuals or families with more than $5 million of investable assets, was carried out by independent research firm Phoenix Capital Research.

Nick Clegg promises new City bonus clampdown

The City faces a new wave of curbs on bonuses as the Government prepares tough new action on bank pay, Deputy Prime Minister Nick Clegg has warned.

Mercer revamps wealth business to fit 'challenging times'

Mercer today announced a number of changes to its investment organisation designed to meet the changing needs of its institutional and wealth management clients

FSA Chief Delivers Bank Bonus Warning

The City regulator is to warn Britain’s bank chiefs that it will reject their plans to pay out billions of pounds in bonuses unless they demonstrate that they are retaining sufficient capital to weather a worsening storm in the financial system.

Lombard Odier names former ING man as Asia CIO‎

His role will see him strengthen the asset manager’s investment capability in the region as well as working on customised investment solutions for clients worldwide.

Sesame Bankhall appoints head of wealth management team‎

He will help to promote and deliver these new initiatives into the market and link the group’s investment platform strategy and new restricted advice service.

Bluefin Wealth Management rebrands

A notice filed with Companies House states the name of the wealth management part of the business was changed as of December 30.

Credit Suisse Targets UHNW Market In Chile

Credit Suisse has long been committed to international growth and particularly the emerging markets. The Bank has a long tradition in Latin America, having been active in serving clients in the region for 50 years.

StanChart sees 25-30pc growth in pvt banking in 2012

The bank is looking at leveraging its corporate and SME (small and medium enterprise) clients to increase the private banking customer base.

Private client portfolios lost money during 2011

The most recent analysis that ARC has put together, for Q3 2011, described the period as “the worst quarterly PCI results yet recorded”, including 2008. Its full-year 2011 analysis is expected to be available in around six weeks’ time.

Switzerland’s oldest private bank says it is prepared for fight with US over tax cheating allegations

The bank says it never broke Swiss law during the period in question.

SocGen to replace private bank head

SocGen, France's second-listed bank, is cutting jobs, selling assets and overhauling management under Chief Executive Frederic Oudea as it seeks to restore investor confidence after a brutal 2011.

Will the 1st Indian billionaire sign giving pledge in 2012?

In India, the debate has moved from ‘Why should I give?’ to ‘Who should I give to?’ and ‘What should I give to?’

Asset managers hope that 2012 will be brighter year

The year was “nerve shredding,” says Michael McLintock, chief executive of M&G, the UK manager owned by Prudential.

Profitability ‘key challenge’ for asset managers, Deloitte

Accountancy firm says main challenge affecting investment managers’ profitability are “cautious clients”.

Nuveen Investments Completes Acquisition of 60% Stake in Gresham

Gresham joins Nuveen Investments' multi-boutique family of distinct and specialized asset management affiliates which includes Nuveen Asset Management, NWQ Investment Management, Santa Barbara Asset Management, Symphony Asset Management, Tradewinds G

Signia Wealth appoints Head of Investment Solutions

He joins Signia Wealth after spending over seven years at Société Générale Private Banking Hambros

Wealth and Asset Management