10/29/2019
Edinburgh private bank to take on £35m loan book from Smith & Williamson
The Edinburgh boutique bank reported 48 per cent year-on-year income growth in half-year results released in August
Wealth and Asset Management
10/29/2019
UBS 'obsessed' with costs as new targets loom amid scrutiny: CEO
Sergio Ermotti says all units will be assessed for potential cost cuts, allocation of resources before January 2020
10/28/2019
Rathbones Crowned ‘Best International Discretionary Fund Manager’ at the International Investment Awards 2019
Winners of the awards, which were chosen by an independent panel of judges, were announced at a ceremony held on 16th October at the Gibson Hall in London.
10/28/2019
Wealth Manager Top 100 2019: the first 25 heavyweights
We reveal the first 25 names in alphabetical order from our annual survey on the most influential people in fund selection across the private client industry.
10/28/2019
Why smaller asset managers are on the prowl for M&A deals
Of the 18 deals announced so far this year, the average size has tumbled to just $121m
10/28/2019
Can rudderless HSBC steer a path through jobs cuts, infighting and Hong Kong chaos?
There are hundreds of people waiting for those lifts and there are 27 HR steps between making someone an offer and giving them a contract.
10/28/2019
Wealth management more popular among Chinese: report
Investment and wealth management products studied in the report included investment products developed by banks, treasury bonds, funds, stocks and various tools provided by online platforms.
10/28/2019
A Wealth Tax Requires Calculating Wealth Properly
The very fact that people may have to liquidate assets in order to pay taxes that are due is a scary enough prospect.
10/28/2019
Ermotti Says UBS ‘Obsessed’ With Costs as He Weighs Next Steps
“It’s not just an investment bank issue, it’s across the board,” Ermotti, 59, said in the interview at UBS’s New York offices. “Nothing is really untouchable.”
10/28/2019
HSBC warns of restructuring pain ahead as outlook darkens
HSBC reported pre-tax profit of $4.8 billion for the third quarter on Monday, compared with the $5.3 billion average of analysts’ forecasts.
10/28/2019
Rachel Wilson: Cyber Cop at Morgan Stanley Wealth Management
And she reveals how a bunch of cyber criminals “in a basement somewhere in Tehran” drew her to Wall Street.
10/28/2019
Julius Baer ups Hong Kong headcount despite ongoing civil disorder
He also added that the majority of its recent appointees were drawn from competitor banks within the Asia-Pacific region
10/25/2019
Raymond James’ Private Client Group Adds 107 FAs
Financial advisor retention remained strong and recruiting momentum rebounded from a slow start to finish the fiscal year with the second best year for recruited production,” Raymond James chairman and CEO Paul Reilly says in a statement.
10/25/2019
Mediobanca CEO defends strategy under fire from Italian billionaire
But Mediobanca CEO Alberto Nagel, who is due to present a new business plan on Nov. 12, told a conference call that his growth strategy was based on organic assumptions.
10/25/2019
People’s finances are an emotional topic
It is so important women know about their finances, they live longer than men, they retire with less super and need to be invested for longer.
10/25/2019
Whisky fund opens up to UK wealth managers
A Sweden-listed whisky fund is to try and raise capital from UK wealth managers and family offices
10/25/2019
Lombard Odier wins first Islamic finance award
The Islamic Business & Finance awards benchmark the top performers in a rapidly growing industry.
10/25/2019
Succession gains £500m AUM with adviser acquisition
Underpinning Succession’s ongoing focus on profitable, nationwide expansion and integration of large-scale businesses
10/24/2019
State Media Cautions Against Bragging About Chinese Wealth
China's GDP per capita is still below $10,000.
10/24/2019
AMP sees record outflows from wealth management products
The outflows were driven by A$600m in pension payments to clients and a further A$200m in in payments as a result of the introduction of the ‘Protecting Your Super Legislation’