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Legg Mason operating income surges in Q4

  • 13,33,28,04,2017

American investment management firm Legg Mason has reported an operating income of $109.9m for the fourth quarter of fiscal year 2017, an increase of 224.1% compared to $33.9m a year earlier. read more

Snowden Lane Partners opens new Texas office

  • 13,12,28,04,2017

Wealth advisory firm Snowden Lane Partners has expanded its presence in the US by opening ninth office in San Antonio, Texas. read more

RBS private banking operating profit rises in Q1

  • 08,55,28,04,2017

RBS private banking unit has reported an operating profit of £33m for the first quarter of 2017, more than three-fold surge compared to £10m in the year ago quarter. read more

Invesco to snap up ETF specialist Source

  • 08,45,28,04,2017

American asset manager Invesco has agreed to acquire Source, a UK-based ETF provider, from private equity from Warburg Pincus for an undisclosed sum. read more

UBS net profit soars 79% in Q1

  • 08,16,28,04,2017

Swiss wealth manager UBS has reported a net profit of CHF1.26bn, a jump of 79% from CHF707m reported a year ago. read more

Lloyds Banking pre-tax profit doubles in Q1

  • 07,43,28,04,2017

Lloyds Banking Group has reported a statutory profit before tax of £1.3bn for the first quarter of 2017, a surge of 99% from £654m a year ago. read more

Latest Special Reports More

How important is emotional intelligence for private banks?

  • 11,47,25,04,2017

As private banks’ product offerings become ever more homogenous, and digital channels become more sophisticated and commonplace, is the emotional intelligence of advisors the special ingredient to stand out from the crowd? John Schaffer looks at how private banks are implementing emotional intelligence strategies read more

Luring the wealthy to the Isle of Man

  • 11,00,18,04,2017

The Isle of Man (IOM) is looking to diversify away from financial services as banks on the island have been consolidating since 2008. A number of tax incentives are in place to attract HNWIs to reside and start businesses, rather than merely holding their assets in offshore accounts. John Schaffer visits the IOM to find out details. read more

High-tech boom fuels Israeli private banking market

  • 10,00,11,04,2017

The Israeli private banking market is dominated by a small number of domestic players. However, the mixture of old family wealth and assets generated by Israel’s fast-growing high-tech industry make it an attractive market, Robin Arnfield reports. read more

Latest Opinions More

French investors to seek shelter in bricks and mortar

  • 10,37,27,04,2017

The first round of France’s presidential election shows a great divide between voters. Heightened political uncertainty is forecast to endure until at least the National Assembly elections, meaning HNW individuals will favour risk-free investment strategies, according to GlobalData Financial Services read more

Swiss HNW investors work closely with wealth managers

  • 13,54,20,04,2017

Investors have options when it comes to professional wealth management, and in the case of Switzerland the majority of HNW individuals prefer discretionary mandates, according to GlobalData’s Wealth in Switzerland: HNW Investors 2017 report read more

Despite Brexit, MiFID (II) is here to stay

  • 15,42,11,04,2017

The launch of the Markets in Financial Instruments Directive (MiFID) II is fast approaching. With ongoing regulation updates released by the Financial Conduct Authority (FCA) throughout 2017, time is running out for financial services firms to take the initiative in preparing for the 2018 implementation, according to GlobalData Financial Services read more

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