Principal Global Investors seeking to buy boutique asset managers
Principal Global Investors, a New York-based global asset management firm, is reportedly exploring options to purchase boutique asset management…
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Temenos launches enhanced version of its WealthManager platform
Temenos, a provider of banking software solutions, has unveiled the latest version of its front-office platform for wealth management…
ByBarclay Wealth registers double-digit percentage growth in assets last year in Switzerland
As a result of increases in the number of customers from outside the UK, the Swiss wealth management unit…
ByUS dollar may turn into safe havens in 2012 for investors
According to Bill ONeill, CIO at Merrill Lynch Wealth Management, the US dollar is a safe option in a…
ByMiller/ Russell selects Interactive Advisory Software to implement growth plans
Phoenix-based Miller/Russell & Associates has selected Interactive Advisory Softwares (IAS) Solution 360° technology to better implements its growth plans.
ByOver 80% of SFOs are offering family security services, says survey
Many single-family offices (SFOs) are diversifying their bespoke and concierge offerings to provide clients with family security services. The…
ByWealth management firms to increase IT spending, says survey
Celent, a Boston-based financial research and consulting firm has published a report that says that 2012 will see wealth…
ByNational Bank acquires HSBC Securities in Canada
National Bank of Canada has completed its acquisition of the full service investment advisory business of HSBC Securities (Canada)…
ByIndia to be key investment economy of 2012
China has been projected as the most prospective emerging market but many analysts are voting for India. According to…
ByBerry signs strategic administration deal with SEI
UK-based private client wealth manager firm, Berry Asset Management, has signed a strategic administration partnership deal with SEI.
ByLPL Financial to acquire Fortigent, expand offerings in RIA and HNW Market
US-based LPL Financial, a custodian and independent broker-dealer, after months of speculations has made its intent officially to acquire…
ByThree Swiss bankers accused of US$1.2 billion tax fraud by US
The US has indicted three Swiss bankers for assisting US clients avoid declaring their full wealth to tax authorities.
ByUK Wealth Management aims to become national player
Yorkshire-based independent financial advisors group, UK Wealth Management (UKWM), has started the New Year with a resolution to transform…
ByIFAs struggle to maintain income, seek regulatory support, says survey
A survey carried out by Cafemutual of independent financial advisors (IFAs) reveals that the sweep and force of regulatory…
By2012 should turn out better for risk markets, says JP Morgan
2011 was not a great year for investors, with global equities losing 10%, giving back 2010 gains, only partly…
ByLow returns on brokerage wealth management products in China: Wind
A total of 109 wealth management products with total scale of RMB61.5 billion had been issued in China of…
ByNew regulations lay off concerns over ETF
A new guideline for the sale of exchange-traded-funds (ETFs) may be issued in 2012, which will guide the uninformed…
ByNo central bank merger until 2013, says Hungary to EU
Hungary has defied international concerns and has adopted central bank reforms whereby no merger of the central bank and…
ByMaybank to develop wealth management business
Malasian bank Malayan Banking Berhad (Maybank) is planning to develop a wealth management business in the region and for…
BySEI unveils Form PF reporting services
SEI has launched a new service designed to assist SEC-registered investment advisors of private funds in meeting their Form…
ByNorms to regulate role of advisors soon, says Sebi
Securities and Exchange Board of India (Sebi), the capital market regulator in India, will soon release the guideline norms…
ByUS may offer amnesty to 11 Swiss banks, reports Swiss paper
Unconfirmed reports in the Swiss media says that 11 Swiss banks are being offered a deal by the US…
ByFSA bans former UBS advisor, levies GBP150,000 fine
The Financial Services Authority (FSA) has banned former client advisor at UBS Jaspreet Singh Ahuja for lifetime and has…
BySEC cheaper than Finra on advisor oversight, BCG survey
According to a survey by Boston Consulting Group (BCG) finds that creating a self-regulatory organization (SRO) to oversee investment…
ByBaird expands wealth management teams of Dallas and Fort Worth offices
Baird; a wealth management, capital markets, private equity, and asset management firm; has hired six wealth management professionals, including…
ByCredit Suisse to integrate private and investment banking division
With an aim of cutting its cost and improving the profitability, the Swiss bank Credit Suisse Group plans to…
ByM. M. Warburg selects SimCorp as investment management solution
German private bank M. M. Warburg has appointed SimCorp Dimension as its future investment management solution.
ByContinued market volatility and modest returns in 2012, says BofA Merrill Lynch Global study
BofA Merrill Lynch Global Researchs 2012 Year Ahead Outlook says that 2012 will be a turbulent year with market…
ByCredit Suisse recommends defensive investment strategy for Asia in 2012
Credit Suisse Private Banking Research recommends a defensive investment strategy for Asia in 2012 as the financial market will…
ByRetirement fears strikes many affluent Americans, says study
A survey of affluent Americans from Wells Fargo & Company shows that many of the affluent Americans are feeling…
ByImpact of new SEC rules on single-family offices in US
The Securities and Exchange Commission (SEC) adopted new rules in June 2011 under the Dodd-Frank Wall Street Reform and…
ByCitigroup’s risky investments duped investors, says a report
The media is flooded with reports of open insurrection against top management over risky investments within Citigroup.
ByHigher wealth tax for wealthy Austrians a matter of fairness
Austrian Chancellor Werner Faymann is in favour of higher wealth taxes as he believes that it is simply a…
ByWealthy women make most philanthropic decisions, finds BofA Merrill Lynch Study
Women are the sole decision maker, or an equal partner in decisions, when it comes to charitable giving in…
ByBank of America to hire 160 financial advisors in Southern California, Arizona
Bank of America has announced that it will hire more than 160 Merrill Edge Financial Solutions Advisors (FSAs) across…
ByTrillium Software launches FATCA Compliance service for financial industry
Trillium Software, a business of Harte-Hanks, has launched Trillium FATCA Compliance Data Assessment, a service to assist financial institutions…
ByEdgar Online launches latest version of Risk Analysis System
The American company specializing in financial data, analytics and disclosure management services, Edgar Online, has launched the latest version…
ByFSA fines Transact GBP3.5 million for client money breaches
The Financial Services Authority (FSA) has fined Integrated Financial Arrangements, the firm behind Transact, a UK based technology firm…
ByTo generate returns, diversify portfolio and add-ons, says CIO Credit Suisse
To generate returns in a challenging environment for the next year investors need to have a diversified portfolio with…
ByDeVere Group to expand presence in Middle East
As a part of its global expansion strategy, Swiss financial advisory firm, deVere Group, plans to open offices in…
ByABN Amro completes LGT Bank Deutschland acquisition
The Dutch state-owned bank ABN Amro has completed the acquisition of LGT Bank Deutschland, part of Liechtenstein-based wealth and…
ByCitigroup launches new fund platform for Asian HNWI clients
Citigroup has introduced a new service for its High Net Worth Individual (HNWI) clients in the Asia-Pacific region called…
ByEuropean Union summit produces fiscal plan, Britain isolated
The European Union's closely watched Brussels summit ended in the early hours of Friday with mixed results. In principle,…
ByTemenos and IBM sign global agreement
Temenos, provider of banking software, and IBM have entered into an agreement under which IBM will provide consulting and…
ByUse of LDI strategies highest in 5 years, says SEI poll
The number of pension plans with liability-driven investing (LDI) strategies is on the rise, according to the annual SEI…
ByRaising taxes on New York wealthy gets lawmakers approval
New York lawmakers have approved Governor Andrew Cuomos tax package to raise taxes on wealthy residents while cutting taxes…
ByMorgan Stanley CFO favors raising taxes on the rich
Speaking at a conference hosted by The Economist magazine in New York, Morgan Stanley CFO Ruth Porat said that…
ByAdvisors hoping for a delay in RDR, says poll
With just over a year to go, there is still a little hope among the advisors for a delay…
ByBMO’s Private Client Group registers 20% rise in Q4 net income
BMO's Private Client Group net income, excluding insurance, was C$103 million in the fourth quarter of 2011, a year-on-year…
ByCash and bonds find favour with fund managers, says poll
Fund managers are gradually moving away from equities and are finding bonds and cash as safe-haven assets due to…
ByAxa Wealth expands platform service with Whitechurch
The French global insurance group Axa Wealth has teamed up with Whitechurch Securities to offer its first risk-rated investment…
ByScotiabank eyeing growth in private banking
The Canadian lender Scotiabank has predominantly been a personal and commercial bank for over 50 years in the Bahamas…
ByRedtail overtakes Microsoft Outlook for advisor CRM, says survey
The annual tech survey conducted by Financial Planning has revealed that for the first time Microsoft Outlook has been…
ByRothschilds Zurich Wealth Unit to focus on old markets
The Zurich wealth management unit of the Rothschild Group intends to focus on the established onshore European markets so…
BySnowball re-brands to SFG Australia
Following the merger in early November, Australian wealth managers, Snowball and Shadforth have re-branded to SFG Australia.
ByGuernsey signs cooperation agreement with Chinese banking regulator
The Guernsey Financial Services Commission (GFSC) has signed a statement of cooperation with the China Banking Regulatory Commission (CBRC).
ByDynasty and Envestnet partner to build new wealth management platform
Dynasty Financial Partners and Envestnet have partnered to build a new wealth management platform geared specifically toward investment advisors…
ByOrigen Financial Services to slash 17 positions
Origen Financial Services, the advisory business of leading life insurer Aegon, will slash 17 positions and relocate its Canterbury…
BySwiss bank secrecy cannot survive in its current form, says regulator
Speaking at a British-Swiss Chamber of Commerce luncheon in Geneva, Anne Hertier Lachat, head of the Swiss Financial Supervisory…
ByEuropean Commission threatens to sue UK, Germany over Swiss tax deals
European Commission has threatened to sue the UK and Germany over the tax deals they signed with Switzerland, saying…
ByLeumi acquires Banque Safdie in Switzerland
Israel-based Leumi has acquired the entire outstanding share capital of Banque Safdie in Switzerland after completing all the transactions…
BySuccession to consolidate five of its firms under new brand name
UK-based Succession Advisory Services, which works with wealth management firms, providing best practice financial planning and customer service to…
BySwiss private banks could lose US$51 billion after tax pacts, according to a Booz & Co study
Swiss private banks could lose as much as CHF47 billion (US$51.1 billion) in assets as clients make withdrawals before…
ByBritain announces top tax payer
Entrepreneur and philanthropist John Caudwell is Britains highest individual tax payer, as revealed in episode two of Nick Robinsons…
ByBarclays Wealth to turn focus on tier II and III centres in India
Barclays Wealth is planning to extend its reach to tier II and III Indian towns that have registered a…
ByGlobalOne presents Social CRM for financial services
GlobalOne, provider of software as a service (SaaS), social collaboration and Cloud Computing professional services for the enterprise, has…
ByNemesis, Galt and MacDeven form partnership to service Europe and Brazil
Monaco's Nemesis Asset Management has entered into a strategic partnership agreement with two Brazil-based wealth managers, Galt Capital and…
BySingapore to overtake Hong Kong as Asias financial centre by 2016, says poll
A webinar poll conducted by real estate agent Jones Lang LaSalle has revealed that Singapore is the front-runner to…
ByJulius Baer Group raises tier 2 capital
Julius Baer Group has placed CHF175 million of subordinated, unsecured debt with institutional and private investors after its book-building…
ByThree advisor firms face penalties from SEC
Three investment advisor firms are facing the wrath of the Securities and Exchange Commission (SEC) for failing to set…
BySmith & Williamson acquires BTG tax business
Smith & Williamson, the accountancy and investment management firm, has acquired the trade and assets of Begbies Traynor Group,…
ByMGD Wealth appoints Select to manage two LDI portfolios
MGD Wealth, a Brisbane-based high net worth wealth management and financial advisory firm, has appointed Select Asset Management to…
ByAXA may sell British wealth management business
French insurer Axa may sell-off its London-based wealth management arm, Bluefin Advisory Services (BAS), as a part of its…
ByStonehage opens multi-family office in Luxembourg
The Stonehage Group, an independent UK multi-family office, has opened a new business in Luxembourg and has appointed family…
ByEuropean family offices biggest concern is risk management, says report
A report entitled Beyond uncertainty: Family offices adapt to unpredictability, has found that family offices in Europe are preoccupied…
BySars puts spotlight on the super-rich
The South African Revenue Service (Sars) has established a specialised unit to investigate almost 200 of the most noncompliant…
ByBarclays Wealth poaches Goldman Sachs Tjandra for Greater China desk
Barclays Wealth has appointed Januar Tjandra as head of Greater China and he will be based in Hong Kong…
ByDion acquires UK wealth management IT software provider
India-based Dion Global Solutions has acquired the entire share capital of the UK-based wealth management and stock broking software…
ByStep to lobby for wealthy in Westminster
The Society of Trust and Estate Practitioners (Step) has recently formed the Private Banking & Wealth Management Group (PBWMG)…
By50p tax to cost Treasury and lose young wealthy, says Cebr
A new report by the Centre for Economics and Business Research (Cebr) analysed the suitability of high rates of…
BySarasin executives challenging takeover bid by Julius Baer
There seems to be a new twist in the Sarasin and Julius Baer takeover bid. Local media reported that…
ByCredit Suisse to shut US offshore unit
As a part of an overall effort to cutprivate-banking costs and avoid further tangles with US tax authorities, Credit…
ByLuxembourg and Russia sign DTA amendment
Luxembourgs finance minister Luc Frieden and finance minister of the Russian Federation Anton Silouyanov have signed an amendment to…
ByThird Financial Software user base expands in Jersey
Three Jersey-based wealth managers have signed up to tercero wealth workstation, a platform provided by Third Financial Software, a…
ByCofunds is Vestra Wealths new fund custodian
Wealth manager Vestra Wealth has appointed Cofunds as its fund custodian of GBP600 million in assets.
ByBOE finds risk of financial crisis biggest since 2008
The risk of a financial crisis in the UK is at its greatest since the collapse of Lehman Brothers…
ByHMRC launches new unit to target offshore tax evaders
HM Revenue & Customs (HMRC) has launched a new specialist unit to target offshore tax cheats.
ByADCB Jersey branch launches offshore banking
Abu Dhabi Commercial Bank (ADCB) has launched ADCB Offshore Banking through its Jersey branch. The new business caters to…
BySA fund manager ready to snap AIB Investment Managers
Subject to regulatory approval, South African fund manager Prescient will acquire AIB Investment Managers Limited (AIBIM), the asset management…
ByDeutsche Bank may sells asset management business outside its core markets
Deutsche Bank has said that it will conduct a strategic review of its global asset management division outside its…
ByEuropean Wealth Management acquires Aventus
European Wealth Management has acquired Aventus Capital Management, a Cheltenham, UK, based investment management firm. The acquisition resulted in…
ByDST Global Solutions launches upgraded version of award-winning HiPortfolio
DST Global Solutions has launched the upgraded version of its investment accounting and asset servicing solution, HiPortfolio.
ByNew Asia CFO and Hong Kong COO for Julius Baer
Swiss private bank Julius Baer has appointed Frank Keller as its new CFO, Asia and Tobias Murer as its…
ByLondon tops list of European cities with highest UHNWIs population, Wealth-X
A new survey by Singapore-based research firm Wealth-X states that London tops the list of European cities with the…
ByBank of Valletta enters into strategic alliance with Barclays Wealth
Bank of Valletta (BOV), one of Malta's oldest and largest financial services providers, has entered into a new strategic…
ByBofA Merrill Edge adds nearly 300 advisors in Florida
Bank of America (BofA) has reached its goal of doubling the number of Merrill Edge Financial Solutions Advisors to…
ByFourth Barclays Wealth office opens in South East UK
With an office opening in Chelmsford, Essex, Barclays Wealth has expanded its geographical reach in the South East, taking…
ByUBS to trim investment banking business and turn focus on private banking
UBS has said that it will trim down its investment banking business, thereby reducing its risks,to concentrate its business…
ByCoutts appoints head private office in the Middle East
Coutts has appointed Amir Sadr as head of the banks private office in the UAE and will be based…
ByFiPath launches online marketing solution for financial advisor
FiPath has launched the first independent, online marketing solution for financial advisor leads, the FiPath for Advisors.
ByUK is a safe haven for wealthy, say Berkeley Law advisors
With the global financial crisis still gripping the world, an increasing number of high net worth individuals (HNWIs), especially…
ByFormer Italian PM Berlusconi party to oppose proposed wealth tax
Italys former prime minister and media tycoon, Silvio Berlusconi, has stated that his party will not support the wealth…
BySaffron acquires Kleinwort Bensons private client tax business
The UK-based personal tax boutique, Saffron Tax Partners, has acquired Kleinwort Bensons private client tax compliance business for an…
ByDemanding investors shape Asian wealth management business, says Kathryn Shih
Kathryn Shih, chief executive of UBS Wealth Management Asia-Pacific, in an interview to Asia Risk highlighted elements is affecting…
ByInvestecs profit declines but strong wealth management
A loss at the private banking business and a decline in the deal flow resulted in Investec, the Anglo-African…
ByAlgorithmics unveils new investment design solution
The IBM Company Algorithmics has launched a new investment design solution that will provide risk/return analytics platform to the…
ByAshcourt Rowan set for GBP8.5 million capital injection
Wealth management group Ashcourt Rowan is to receive GBP8.5 million in cash by offering new shares in the company.
ByParagon offers investors complimentary portfolio reviews to help determine risk tolerance
Paragon Wealth Management is offering complimentary portfolio reviews to investors with an aim of helping them determine risk tolerance…
ByWealthcare Capital Management launches suite of services for financial advisors
Wealthcare Capital Management, provider of wealth management advisory services and systems, has unveiled Unified Managed Household (UMH) program designed…
ByRCBC selects SunGard WealthStation solution to grow wealth management business
Philippines-based Rizal Commercial Banking Corporation (RCBC) has selected SunGard's WealthStation solution to help grow its wealth management business and…
ByBendigo Wealth acquires AIM Financial Services
Bendigo Wealth has acquired the AIM Financial Services, a boutique Independent Financial Planning business located in Melbourne.
ByMorgan Stanley gains seven advisors with US$1 billion assets
Morgan Stanley Smith Barney has hired seven new advisors who come from Merrill Lynch, UBS and RBC who collectively…
ByIRESS Market Technology launches wealth management division in UK
Australian software company IRESS Market Technology has launched a wealth management division in the UK.
ByUBS confirms Sergio Ermotti as permanent CEO
The UBS board has appointed Sergio Ermotti, the interim CEO, as permanent chief executive.
ByFormer UBS UK wealth management unit chief challenges FSA penalty
The Financial Services Authority (FSA), UK's finance regulator's intention to fine UBS's senior executive in Zurich and former CEO…
BySociété Générale reports 30% fall in Q3 net income
French private banking and financial services company Société Générale has reported net banking income of EUR 622 million for…
ByCoutts appoints Jennifer Mathias as new CFO
Coutts has appointed ex-Lloyds director Jennifer Mathias as its new chief financial officer and she will also be a…
BySan Francisco-based Gordian hires Sanctuary Wealth Services for biz support
Gordian Wealth Advisors, a newly formed independent advisory firm based in San Franscisco, has hired Sanctuary Wealth Services to…
BySEC files a record 735 enforcement actions in 2011
The Securities and Exchange Commission (SEC) filed a record 735 enforcement actions in the fiscal year that ended on…
BySnowball acquires Australian wealth management firm Jeena
Snowball Group, an Australian non-aligned client focused financial advice and wealth management firm, has acquired the Melbourne-based wealth management…
ByFSA imposes US$9.6 million fine for market abuse
The UKs market regulator Financial Services Authority (FSA) has imposed a fine of US$9,621,240 (approximately GBP6 million) on Rameshkumar…
ByBig Four accounting veteran launches investment advisory and consulting firm
Investment banking and Big Four accounting veteran Julie Zakarias has launched GenFi Family & Fiduciary Services, an independent, fee…
ByCaledonian is acquiring Beacon Group
Caledonian Global Financial Services is acquiring the Beacon Group of companies which include Beacon Capital Management, Beacon Fund Advisors…
ByMerrill, Raymond James recruit top Morgan Stanley teams
Merrill Lynch has hired two Morgan Stanley advisors with US$1.6 million in annual fees and US$167 million in assets…
ByRDR on time but with some concessions, says FSA
Amidst criticism and reprisal, the Financial Services Authority (FSA) is forging ahead with its resolution to implement the retail…
BySapient becomes Focus Financial partner
Focus Financial Partners, a partnership of independent wealth management firms, has added a new partner to its business.
ByEC gives FSA green light for commission ban
The European Commission (EC) has agreed to go-ahead with a ban on the payment of commission from providers to…
ByCrescent Wealth to target Islamic Malaysian investors
Australian Islamic wealth manager, Crescent Wealth, is ready to tap the wealthy Muslim clients in Malaysia, home to the…
ByBravura Solutions names global strategy, risk and planning manager
Bravura Solutions, a supplier of transfer agency and wealth management software applications, has named Jason Wilby as its global…
ByFSA to fine Coutts over alleged mis-selling of AIG bonds
British financial-services watchdog FSA is set to fine RBS' private banking arm Coutts about GBP6 million for alleged mis-selling…
ByFinancial advisors are good, not their firms, says Krawcheck
Former Bank of America Merrill Lynch wealth management chief Sallie Krawcheck in an interview during the annual meeting of…
ByDeca-millionaires rising, demographic shift in wealth distribution, says Ledbury
According to the latest Wealth Profile by the consultancy Ledbury Research suggests that there will be over one million…
ByExpect exodus of millionaires from China, says report
Almost half of Chinas millionaires (46%) are considering moving to developed countries, reports a study conducted by Hurun Research…
ByG20 nations sign convention against tax evasion
In an effort to eliminate banking secrecy, all G20 governments have agreed to a multilateral convention to tackle tax…
ByAdvent introduces new version of portfolio management solution
Advent Software, a provider of software and services for the global investment management industry, has unveiled Advent Portfolio Exchange…
ByAFH buys three new IFA businesses
Worcestershire-based wealth management firm AFH continues to expand its business with the acquisition of three Midlands-based IFA businesses for…
ByDelaying decisions on asset allocation, investment managers changes could be costly, says BNY Mellon
Institutions that delay investment management changes because of due diligence reviews, contract negotiations and other fund governance-related issues may…
ByCAIS to provide alternative investment platform to Focus Financial Partners
New York-based financial technology company CAIS will provide independent, alternatives investment platform to Focus Financial Partners, a partnership of…
ByFirst Republic Bank appoints senior managing director in Century City
First Republic Bank, a private bank and wealth management company, has appointed Charles Heaphy as senior managing director in…
ByAXA Wealth platform sales jumps 87%
The third quarter results have been very positive for AXA Wealth which witnessed a significant rise of 87% in…
ByMatrix Asset Management to acquire equity interests of First Affiliated
Matrix Asset Management, an asset and wealth management company, has entered into a strategic arrangement with First Affiliated, a…
ByCiti Wealth Advisors launches second Smart Broking branch in Pune
Citi Wealth Advisors (CWA), a retail business unit of Citigroup Global Markets India, has launched its second Smart Broking…
BySanlam acquires Merchant Securities for GBP12.25 million
In an strategic move to expand its UK footprint, Sanlam UK has acquired wealth management firm Merchant Securities for…
ByCCOs face increasing responsibilities with limited resources, says SEI poll
For the second consecutive year, poll results conducted by SEI show that chief compliance officers (CCOs) are burdened with…
ByAbide by RDR rules or consider restructuring, says Tenet
To remain independent after the Financial Services Authority's Retail Distribution Review (RDR) comes into effect in 2012, a vast…
ByWells Fargo to launch new advisory unit for super-rich clients
As the race to attract the ultra-wealthy heats up in the US, Wells Fargo has started a new advisory…
ByCFTC, SEC introduce transparency rules for US private fund reporting
The Commodity Futures Trading Commission (CFTC) has put its seal of approval to the new rule that US investment…
ByWealth management arm of Deutsche Bank registers Q3 profit
Deutsche Bank has reported a pre-tax profit was EUR186 million from its asset and wealth management (AWM) in the…
ByBNP Paribas Wealth Management on hiring spree in Asia-Pacific
BNP Paribas Wealth Management has made some high-profile appointments in the higher echelons of its Asia-Pacific business as it…
ByNo secrecy in Singapore private banking, says Citigroup head
Singapore is fast emerging as a top destination for the wealth management industry. The country has eased its banking…
ByEuropean FoF assets to rise 7.5% per year to EUR673.3bn by 2015, says Cerulli report
The European fund-of-funds (FoFs) sector is big and mature. Regulatory change and greater outsourcing to discretionary managers will continue…
BySingapore’s Wealth Management Institute forms committee to review standards, curriculum
Singapore's Wealth Management Institute (WMI) has formed an advisory committee to review the standards and curriculum for training professionals…
ByAdjusting asset allocation to inflation, growth trends may improve investment results, says BNY Mellon
Investors who dynamically adjust asset class exposures as growth and inflation expectations shift may significantly improve risk-adjusted returns, according…
ByBank of China to issue American Express branded credit cards for wealthy customers
Bank of China (BOC) and American Express have signed a new strategic partnership, whereby Bank of China will begin…
ByTemenos launches Portfolio Management offerings for private banks
Banking software provider Temenos has launched the latest version of its portfolio management system Triple'A Plus R11 for private…
ByTemenos launches new version of its Portfolio Management offerings for private banks
Banking software provider Temenos has launched the latest version of its portfolio management system Triple'A Plus R11 for private…
ByFSA slaps GBP5.95 million fine on Credit Suisse UK for systems and control failings
The Financial Services Authority (FSA) has fined Credit Suisse UK GBP5.95 million for systems and controls failings in relation…
BySociete Generale appoints new CEO for Canadian wealth unit
Societe Generale Private Banking has appointed Paul Vaillancourt as chief executive of its wealth management subsidiary in Canada, Canadian…
ByCommission only for independent advisors, says MiFID draft
The Markets in Financial Instruments Directive II (MiFID II) has published its draft that proposes that only independent advisors…
ByMajority of investors prefer online communication to face-to-face meetings: SEI
According to research released by SEI, entitled Communication in the Information Age, while nine out of 10 (92%) wealth…
ByBNY Mellon’s Wealth Management Group names new Senior Wealth Strategist
BNY Mellon's wealth management business has appointed Justin Miller to the position of senior wealth strategist for investment management.
ByWealth managers’ profitability decline in Q2: ComPeer
Higher investment-management fee combined with limited increase in asset values led to reduced commissions causing wealth managers' profitability to…
ByIncrease HNW clients with options usage, study finds: RIS 2011
At the fourth annual Retirement Income Symposium (RIS), Eric Cott of the Options Industry Council, an organisation created to…
ByARIA selects SEI Global Wealth Services as strategic partner
ARIA Capital Management has selected SEI as its strategic partner to support the discretionary investment management services through its…
ByRisk management tops Asian institutional investors’ concerns list: Pyramis
Pyramis Global Advisors, a Fidelity Investments company and institutional multi-asset class investment manager has published a survey that reveals…
BySunGard introduces wealth management mobile solutions
SunGard has launched a wealth management mobility strategy with the creation of several mobile applications that help advisors and…
ByDeath, taxes and retirement top concerns for HNW clients, according to RBC survey
The transfer of wealth at death, minimization of taxes, and financial needs during retirement were identified as the top…
ByAmended Financial Law 2011 simplifies French wealth tax
The French government to amend the Financial Law passed a bill that has simplified the wealth tax of the…
ByAsia-Pacific HNWIs to invest more in equities, trim exposure to property
High net worth individuals (HNWIs) in Asia-Pacific are expected to invest more in equities and fixed-income instruments next year…
ByEuropean personal bankers bonuses dwindle: Reuters
The pay of personal bankers in Europe has dwindled significantly over the period of time as they are paid…
ByVestmark revamps Broker-Dealer platform, VestmarkONE
Vestmark, a provider of wealth management platform, has introduced a new functionality for its VestmarkONE technology platform specifically tailored…
ByWealth managers slow in adopting mobiles apps, says Aite Group report
A report published by the Aite Group says that wealth managers are very slow in adopting mobiles apps to…
ByClose AM takes-over wealth management wing of Scott-Moncrieff
In its third acquisition of the year, Close Asset Management has taken-over Scotland-based accountancy and professional services firm Scott-Moncrieff's…
ByAsia-Pacific home to worlds second biggest HNW population, surpasses Europe: Report
The number of high net worth individuals (HNWI) grew 9.3% to 3.3 million in Asia-Pacific in 2010, surpassing the…
ByCredit Suisse hires market area head of Greater China for private banking Asia Pacific
Credit Suisse has hired Anna Wong as managing director and market area head of Greater China for Private Banking…
ByBBH appoints new International Wealth Management business head
Brown Brothers Harriman & Co. (BBH) has appointed of Rafael Febres-Cordero as head of the firm's International Wealth Management…
ByBofA hires 80 more advisors to better serve its wealthy clients
As part of its commitment to enhance the solutions and guidance it offers to Preferred customers, Bank of America…
BySEBI proposes self-regulatory body to regulate investment advisors
The Securities and Exchange Board of India (SEBI) has proposed to regulate the activity of wealth management and private…
ByLombard Odier to open new strategic hub in Dubai
As part of its strategy to grow its footprint in the Middle East, Swiss private banking firm Lombard Odier…
ByWestpac appoints new private banking head
Westpac Banking Corp has tapped New Zealand's outgoing justice and commerce minister Simon Power to head its private banking…
ByStonebridge launches wealth management JV with Moneygate
Mortgage and insurance network Stonebridge Group has launched wealth management joint venture (JV) with Moneygate.
ByBravura receives seven year contract extension from investment firm Politis
Bravura Solutions, a supplier of transfer agency and wealth management software applications and professional services, has signed a seven…
ByBentley Wealth Advisors acquires wealth management division of Delfino and Associates
Bentley Wealth Advisors, a Warwick based wealth management firm, has acquired the wealth management division of Delfino and Associates,…
By36% of wealthy people considering leaving UK: Lloyds TSB survey
Against the current economic backdrop, new research raises concerns that many wealthy people are considering leaving the UK. Some…
By80% of world’s wealthy still live in the developed world: TNS study
According to a study from research company TNS, although emerging markets are becoming "centers of affluence", 80% of the…
ByCrescent Wealth set to launch Australia’s first Islamic wealth fund
Crescent Wealth, Australia's first licensed Islamic wealth manager, has begun the process of establishing a range of investment products,…
ByUBS expects to report modest Q3 profit, positive net inflow in wealth businesses
Easing concerns about the impact of the US$2.3 billion rogue trading loss uncovered last month, UBS said it expects…
BySwiss bankers advising clients to avoid US securities ahead of new law
Some Swiss bankers are advising clients to steer clear of US securities ahead of a new law that would…
ByWall Street Fraud Watchdog urges HNWIs to use its due diligence service before they invest
The Wall Street Fraud Watchdog has warned all high net worth individuals (HNWIs) to use extreme caution before getting…
BySecurian Trust appoints SVP of wealth management services unit
Securian Trust Company has appointed Jason Schuller as senior vice president with responsibility for the new wealth management services…
ByBarclays Wealth makes three new hires to expand Latin America offering
Barclays Wealth has made three new hires to support the expansion of its strategy across the Latin American ultra…
ByBarclays Wealth hires new member to UK&IPB advisory committee
Barclays Wealth has hired Michael Peat to the UK & Ireland Private Bank (UK&IPB) Advisory Committee.
ByGuernsey signs tax accord with Slovenia
Guernsey has signed a Tax Information Exchange Agreement (TIEA) with the Republic of Slovenia.
ByCredit Agricole appoints new head of Private Banking
French banking group Credit Agricole has appointed Christophe Gancel as head of Private Banking effective 1 November 2011.
ByWilmington Trust hires senior private client advisor to serve firm’s wealth clients
Wilmington Trust, a US-based wealth management company, has appointed Matthew Canner as a senior private client advisor to serve…
ByGibraltar Private Bank & Trust appoints assistant vice president
Gibraltar Private Bank & Trust has appointed Jumah Hamilton as assistant vice president, private banker.
ByDavenport & Company selects FolioDynamix Fdx Connect to access investment module
Davenport & Company has selected FolioDynamix FDx Connect - the model exchange module of FolioDynamix's comprehensive wealth management software…
ByAscent Wealth partners with Dynasty for wealth management platform
New York-based Ascent Wealth Partners has formed partnership with Dynasty Financial Partners to utilize Dynasty's wealth management platform.
ByOpportunities exist for wealth management firms in self-directed investor market: Study
Following significant portfolio losses experienced in 2008 and 2009, investors have become more cautious, which has led them to…
ByLondon tops global private banking and wealth management center index
For a third consecutive time London, Geneva and New York have been ranked the top three global private banking…
ByFamily wealth advisory firms adding new focus on sales process: FOX study
Family wealth advisory firms are adding a new focus on the sales process to meet the increasing demands for…
ByBarclays Wealth hires international wealth advisor
Barclays Wealth has hired Trevor Kelham as a director and international wealth advisor within its Wealth Advisory division.
ByFortigent chooses IndexIQ solution for UMA program
Fortigent, a provider of outsourced wealth management solutions to banks, has selected IndexIQ's IQ Hedge Multi-Strategy SMA Portfolio as…
BySG Wealth acquires Ipswich-based financial adviser Stan Gaskin
Norwich-based SG Wealth Management has acquired the entire share capital of Ipswich-based financial adviser Stan Gaskin, boosting its client…
ByUS-based Carlyle Group acquires London-based ITRS Group
Alternative asset manager The Carlyle Group has acquired ITRS Group, a London-based provider of real-time monitoring systems for financial…
ByVista Equity offers to buy Thomson Reuters risk unit
Vista Equity Partners, a US-based private equity firm, has made a binding offer to buy the Thomson Reuters Trade…
ByCollins Stewart hires Barclays Wealth advisory team
Collins Stewart Wealth Management (CSWM) has hired three members from the advisory team of Barclays Wealth as stockbrokers.
ByELE Wealth selects IAS solution to improve operational efficiency
Michigan-based ELE Wealth Management has selected Interactive Advisory Software's (IAS) Solution 360° technology in order to improve operational efficiency.
ByUS launches grand jury investigations into eight offshore banks
As part of an ongoing effort to crack down on offshore tax shelters, the US Department of Justice (DoJ)…
ByBNY Mellon appoints MD of sales for wealth management group in Boston
BNY Mellon has appointed Fred Young as managing director of sales for investment management serving the Boston region for…
ByBarclays Wealth makes two senior hires in Hong Kong
Barclays Wealth has hired Fabian Neo as head of FX Advisory, Asia and Chi Lee as director, head of…
ByFocus Financial invests in $1.3bn RIA firm Colony Group
New York-based Focus Financial Partners has added to its partnership The Colony Group, a Boston-based registered investment advisory firm…
ByBank of America hires more than 50 Merrill Edge FSAs in Central New England region
Bank of America has hired more than 50 Merrill Edge Financial Solutions Advisors (FSAs) in the Central New England…
BySwiss firms to augment focus on operational efficiency, accountability: Advent regional sales head
Following the financial crisis, and with several game-changing pieces of regulation coming into force by 2013, current trends towards…
ByFusion Wealth goes live with SEI Global Wealth Services
Fusion Wealth has implemented SEI's Global Wealth Services (GWS) solution, through which SEI will provide Fusion Wealth with investment…
ByFullerton Securities acquires wealth management unit of Pioneer Investcorp
Temasek-backed Fullerton Securities & Wealth Advisors has acquired the wealth management division of Pioneer Investcorp, a provider of investment…
ByMPS sells Monte Paschi Monaco to Andorra Banca Agricola for EUR21.7m
The Board of Directors of Banca Monte dei Paschi di Siena (MPS) has approved the sale of Monte Paschi…
ByCommonwealth Bank of Australia makes executive hires
Commonwealth Bank of Australia has appointed Grahame Petersen as group executive of business and private banking and Annabel Spring…
ByUK widens tax probe of HSBC’s Swiss private banking unit
The UK tax regulator, HMRC, is investigating HSBC wealthy clients with accounts at its Swiss private bank in Geneva…
ByBrooks Macdonald annual underlying pre-tax profits up 37%
Wealth management group Brooks Macdonald has reported an underlying pre-tax profit of GBP7.8 million for the year ended 30…
ByBarclays Wealth appoints investment representative for Dallas office
Barclays Wealth has appointed Michele Huff Powell as a director and investment representative for its Dallas office.
BySignature Bank appoints new team for private client banking
Signature Bank has appointed a new six member private client banking team from HSBC, who will be based out…
ByMASECO Private Wealth boosts its UK, Swiss teams
MASECO Private Wealth has hired Gordon Hunt as chief operating officer for its Swiss office and Graham Aikin as…
ByEvercore hires six managers from Wells Fargo wealth management unit
New York-based Evercore Wealth Management has hired six portfolio and asset managers from Wells Fargos Minneapolis-based wealth- management business…
ByLexington Wealth Management hires new client relationship manager
Lexington Wealth Management has hired Karen Van Voorhis as a client relationship manager as it moves its offices in…
ByDeutsche Bank PWM appoints new relationship manager
Deutsche Bank Private Wealth Management (PWM) has appointed Chris Hocking as relationship manager and team leader at its London…
ByLegal & General partners with Investec to promote its mortgage proposition
Legal & General Group, a provider of risk management products, has formed a new partnership with Investec Specialist Private…
BySarasin-Alpen gets CMA approvals to offer Islamic banking services in Oman
Sarasin-Alpen, a subsidiary of Switzerland's Bank Sarasin & Co, has received approvals from the Capital Market Authority (CMA), Sultanate…
ByNGAM acquires controlling interest in Darius Capital
Natixis Global Asset Management (NGAM), part of Natixis, has acquired a controlling interest in Darius Capital Partners, a Paris-based…
ByKleinwort Benson names head of strategic wealth planning
Kleinwort Benson, a UK-based provider of wealth management services, has named Marianne Kafena as head of strategic wealth planning…
ByQuilter launches new platform offering
UK-based wealth manager, Quilter has launched a new platform service, which will provide IFAs and their clients with access…
ByMattioli Woods acquires TCF and and its subsidiary Kudos
Leicester-based wealth manager Mattioli Woods has acquired TCF Global Independent Financial Services (TCF) and its subsidiary Kudos Independent Financial…
ByRBC Dexia appoints new director for its portfolio solutions
RBC Dexia Investor Services has appointed Paul Luff as director of its Portfolio Solutions as part of the expansion…
ByCIBC completes acquisition of 41% equity interest in American Century
CIBC, a Canadian financial institution, has completed the acquisition of a 41% equity interest in American Century Investments, a…
ByJP Morgan appoints COO for Retirement Plan Services business
JP Morgan Asset Management has appointed James Gearin as COO of its Retirement Plan Services (RPS) business.
ByJP Morgan to add 51 Threadneedle funds, enhances consumer offering
JP Morgan Asset Management seeks to enhance its direct to consumer offering through its WealthManager+ platform by adding 51…
ByOld National Wealth Management chooses FIS wealth management solution
Old National Wealth Management has selected Fidelity National Information Services' (FIS) wealth management solution TrustDesk for management of its…
ByNorthern Trust wins $110m services mandate for Bærum Kommune
Northern Trust has won a $110m mandate to provide global custody, securities lending, transition management, and foreign exchange services…
ByVistra completes acquisition of IMC Management & Trust
Vistra (Curaçao), a provider of trust, fiduciary services, has completed the acquisition of IMC Management & Trust (Curaçao), a…
ByHenderson Global hires new manager for European Retail Property Fund
Henderson Global Investors has recruited Sam Cotton as the assistant European retail asset manager for its EUR930m European Retail…
BySEI launches new online solution to support UCITS IV requirements
SEI has developed and launched an online solution to assist investment managers in meeting mandatory requirements under the Undertakings…
ByIgnis to end JV Argonaut, retain 40% stake
Ignis Asset Management is going to end its joint venture Argonaut Capital Partners following a change in partnership arrangements…
ByBNY Mellon Capital expands short-term fixed income desk
BNY Mellon Capital Markets has expanded its short-term fixed income desk with two new appointments.
ByMorgan Stanley and Perella Weinberg Partners launch new UCITS fund
Morgan Stanley and Perella Weinberg Partners Capital Management have launched a new UCITS Long/Short Healthcare fund on Morgan Stanleys…
ByABN Amro appoints new CEO of Private Banking International Asia
ABN Amro has appointed Hugues Delcourt as the country executive to lead Singapore activities as well as the CEO…
ByEvercore Partners completes acquisition of Lexicon Partners
Evercore Partners has completed the acquisition of British investment banking advisory firm, Lexicon Partners.
BySpain’s Sabadell United Bank acquires Florida’s Lydian Private Bank
Spain's Sabadell United Bank has acquired substantially all of the assets and assumed certain liabilities of Florida-based Lydian Private…
ByHenderson to suspend offshore China Opportunities fund following investor withdrawal
Henderson is planning to close Charlie Awdrys Luxembourg-domiciled offshore version of China Opportunities fund on 30 September 2011 following…
ByTransamerica Asset Management to launch new fund
Transamerica Asset Management Group is planning to launch a new fund, Global Tactical Income, in October 2011.
ByGlobal Capital selects Brady trading and risk management solutions
Hedge fund, Global Capital Commodities has selected Bradys trading and risk management solutions to manage futures and options trading…
ByIndias Centrum Capital enters JV to foray into Hong Kong wealth management business
Indias broking firm, Centrum Capital has agreed to form a joint venture with Commonwealth Finance Corporation to set up…
ByBarclays Wealth appoints head of client solutions in Asia
Barclays Wealth has appointed Anne Luke as managing director, head of client solutions for the region.
ByGranite Investment selects SEI to provide back- and middle-office outsourcing
Granite Investment Partners has selected SEI to provide a complete back- and middle-office outsourcing solution for the firm's separate…
ByTD Asset Management launches US monthly income fund
TD Asset Management (TDAM) has launched the TD US Monthly Income Fund.
ByBank Sarasin appoints new head for international institutional clients business
Switzerland-based Bank Sarasin has appointed Marius Dorfmeister as new head for its international institutional clients business.
ByCitadel to close equity research group, in talks to sell investment bank
Chicago-based $11bn hedge fund, Citadel is in discussions to sell its investment bank and to close its equity research…
ByCallatay & Wouters implements Thaler Wealth Management
Callatay & Wouters, a provider of core banking and multi-channel distribution solutions, is implementing Thaler Wealth Management at Banca…
ByJMP Group appoints new MD in investment banking department
JMP Group has appointed Iain Franks as a managing director in the firm's investment banking department with responsibility for…
ByAres Management acquires investment platform of Wrightwood Capital
Ares Management, an alternative asset manager, has acquired the investment platform of Wrightwood Capital, a provider of debt capital…
ByECS partners with Sutherland Global to enhance reach in Americas market
ElectraCard Services (ECS), a provider of software solutions for electronic payment systems, has signed an agreement with Sutherland Global…
ByNiemann Capital Management appoints chief strategy officer
Niemann Capital Management (NCM), an investment management firm, has appointed Charles Halliday as chief strategy officer.
ByUS prosecutors extend Swiss bank tax probe
The US prosecutors, investigating Swiss bankers role in helping wealthy Americans evade tax, have extended their tax inquiries to…
BySwitzerland, Germany near tax deal to regularise untaxed money
Germany and Switzerland are close to striking a deal to regularize untaxed money saved in secret Swiss accounts.
ByRBS plans 2,000 job cuts from investment banking
The Royal Bank of Scotland (RBS) is planning to slash up to 2,000 jobs from its investment banking unit…
ByGovernment’s regulatory change agenda worries CEOs
Chief executives of leading Australian wealth management companies are frustrated by the uncertainty regarding the government's regulatory change agenda,…
BySwiss asset management firm UBP strengthens Asian presence with two new JV
Swiss asset management firm Union Bancaire Privee (UBP) has formed two Asian joint ventures that will spearhead growth of…
ByMorgan Stanley Smith Barney establishes direct interface connection to EASi’s stock plan management solution
Morgan Stanley Smith Barney's Global Stock Plan Services (GSPS) group has launched a second generation interface between its web…
ByHermening Advisory selects Wealth Management’s AdvisorWorks platform
Hermening Advisory Services, a subsidiary of Hermening Financial Group, has selected Netherby Wealth Management Solutions' AdvisorWorks integrated wealth management…
ByCredit Suisse hires chief investment strategist of Private Banking Americas
Credit Suisse has hired Barbara Reinhard as managing director and chief investment strategist for Private Banking Americas.
ByCanaccord Financial to acquire 50% equity interest in BGF Equities
Canaccord Financial, a Canada-based independent, full-service financial services firm, has agreed to acquire a 50% equity interest in Australian…
ByHSBC Private Bank appoints SVP to Miami team
HSBC Private Bank has appointed Cecilia Smith as senior vice president and relationship manager. Smith will be based in…
ByUBS Q2 net profit down
UBS has reported a net profit attributable to shareholders of CHF1.0bn, or $0.26 per diluted share, for the second…
ByHSBC to cease offering offshore services to US clients
Under the scanner of the US authorities for its tax-evading clients, HSBC has said that its will no longer…
ByAXA Wealth secures Co-operative Financial’s distribution contract
AXA Wealth has secured a seven year distribution contract to provide a new financial advice service to Co-operative Financial…
ByHSBC appoints new private bank chief
HSBC has appointed Krishna Patel as the chief executive of global private banking and has moved the position to…
ByStanChart in talks to sell private banking operations in Latin America
Standard Chartered Private Bank is considering selling its private banking operations Miami, Uruguay and Chile and is reportedly in…
ByBarclays Wealth hires Americas investment strategy head
Barclays Wealth, the wealth management division Barclays, has appointed Hans Olsen into newly created role of managing director and…
ByEFG International appoints head of strategy for Europe
EFG International's European private banking business has appointed Gerhard Muller as its head of Strategy Europe.
ByAltarius Asset Management launches new plug-in fund platform in Malta
Altarius Asset Management, Malta?based asset management branch of Altarius Group, has launched its Fund Platform, Paragon S.I.C.A.V. which is…
ByNorthern Trust strengthens wealth teams in London and Guernsey
Northern Trust, a financial holding company, has strengthened its wealth management services business teams in London and Guernsey with…
ByBlackRock appoints new head of Official Institutions Group
American investment management firm BlackRock has appointed Terrence Keeley as a managing director and head of its Official Institutions…
BySantander appoints new MD for UK private banking
Spain banking group Santander has appointed Sue Hayes as new managing director for its Private Banking, UK.
BySGPB Hambros acquires Baring Asset Management’s private client business
SGPB Hambros, part of Societe Generale Private Banking, has completed its acquisition of the private client investment management business…
ByBNY Mellon Asset Management appoints new CEO of Asia-Pacific
BNY Mellon Asset Management has appointed Alan Harden as CEO of Asia-Pacific.
ByCo-domiciled hedge funds on rise as non-UCITS onshore structures gain traction: RBC Dexia/KPMG survey
Hedge fund managers will continue to create EU-domiciled hedge funds to complement their Cayman Islands or other offshore offerings,…
ByHenderson to launch Emerging Markets Currency fund in Q3
Henderson Global Investors is set to launch an Emerging Markets Currency fund in third quarter of 2011, subject to…
ByCardinal Wealth Services hires two new financial advisors
Virginia-based Cardinal Bank has hired Quentin Roos and Gregory Cartrette as assistant vice presidents for its wealth management division.
ByRothschild hires new CEO for German wealth management arm
Rothschild Private Banking & Trust, part of the international Rothschild Group, has appointed Reinhard Krafft as new CEO of…
ByMashreq Qatar enhances wealth management services
Mashreq Qatar has said that it is committed to provide enhanced wealth management services with a new proposition that…
ByCiti launches new platform to tap affluent Chinese customers
Citibank China has introduced a new platform to provide emerging affluent Chinese customers with a greater level of convenience…
ByGermany’s Bankhaus Main selects Temenos’ portfolio management platform
Germany-based private bank Bankhaus Main has selected Temenos' portfolio management platform Triple'A Plus, to enhance transparency and client service…
ByJP Morgan Private Bank expands Nordic region coverage
JP Morgan's private banking unit has hired three senior bankers to expand its coverage of ultra high net worth…
ByAbu Dhabi Islamic Bank appoints new private banking head
Abu Dhabi Islamic Bank (ADIB) has appointed Stuart Crocker as the new head of private banking and wealth management.
ByHSBC expands its Chicago private banking team
HSBC Private Bank has expanded its private banking team in Chicago by appointing Gregory Dennerlein as senior vice president…
BySchroders appoints new head of Investment Services
British asset management firm Schroders has appointed Kate Jones as head of Investment Services.
ByCharles Stanley acquires Jobson James Financial Services
Charles Stanley Group has acquired wealth management firm Jobson James Financial Services for a maximum consideration of £2.25m.
ByNorthern Trust agrees to acquire hedge fund administrator Omnium
Asset servicing provider Northern Trust has agreed to acquire Omnium, a hedge fund administrator with approximately $70bn in assets…
ByUBS appoints vice chairman for wealth business in emerging markets
Swiss financial services firm UBS has appointed Gerard Aquilina as vice chairman of its wealth management business in emerging…
ByGMP Capital aims to assume completed ownership of Richardson GMP by 2014
GMP Capital is planning to assume complete ownership of Canadian independent wealth management firm Richardson GMP, by buying out…
BySunTrust acquires wealth manager CSI Capital
SunTrust Banks has acquired the assets of CSI Capital Management, a San Francisco-based private wealth management firm.
ByUnited Overseas Bank launches new wealth management service Privilege Reserve
Singapore-based United Overseas Bank (UOB) has introduced a new wealth management service called as Privilege Reserve for high net…
ByBNY Mellon appoints new senior investment strategist in Investment Strategy & Solutions Group
BNY Mellon Asset Management has named Rumi Masih as a senior investment strategist in the Investment Strategy & Solutions…
ByJohn Thomas Financial hires new president for wealth management affiliate
John Thomas Financial, a New York based broker-dealer and investment banking firm, has appointed Richard Urbealis as new president…
ByWealthcare Capital appoints new managing director for global client group
Wealthcare Capital Management, a provider of wealth management advisory services and systems, has appointed Perry Chesney as senior managing…
BySEI says objectivity key to wealth managers, investors relationship
Objectivity is the key to establish a relationship-oriented business between the wealth managers and investors, according to the research…
ByJO Hambro Capital Management acquires investment boutique Silver Metis
JO Hambro Capital Management has acquired Singapore-based investment boutique Silver Metis Capital Management, which specializes in Asian stocks.
ByHSBC Qatar hires new private banking head
HSBC has appointed Talal Alghalib as new market head of private banking in Qatar, who has more than a…
ByBarclays Wealth boosts Asian ultra high net worth presence
Barclays Wealth has appointed Carole Cheung as new managing director, senior client partner, to manage relationships of ultra high…
ByAberdeen Asset Management H1 pre-tax profit surges
Aberdeen Asset Management has reported a pre-tax profit of £109.1m for the six months to 31 March 2011 compared…
BySunGard launches wealth management platform in Asia-Pacific
SunGard, an IT services firm, has launched its wealth management platform, WealthStation, in Asia-Pacific, to provide the regional financial…
ByPremier Asset Management selects SEI to offer investment processing services
Premier Asset Management has selected SEI to provide investment processing services through its Global Wealth Services (GWS) solution.
ByJulius Baer acquires 30% stake in Brazilian wealth manager GPS
Swiss private banking group Julius Baer has acquired 30% state in Sao Paulo-based independent wealth manager GPS, which includes…
BySociete Generale Private Banking appoints new CIO for Middle East
Societe Generale Private Banking has appointed Philippe Boutron as new regional chief investment officer (CIO) for Middle East.
ByEvercore Wealth Management appoints managing director
Evercore Wealth Management, a subsidiary of New York-based Evercore Partners, has appointed Randy Hustvedt as new managing director and…
ByBank Sarasin urges stronger focus on Islamic Financial Planning
Bank Sarasin, a Switzerland based private bank, in its second annual Islamic Wealth Management Report, has urged the Islamic…
ByBarclays Wealth hires new North Asia head
Barclays Wealth has appointed Pakorn Boonyakurkul, a former managing director at HSBC Private Bank, as new managing director, head…
ByJulius Baer to pay EUR50m to close tax probe in Germany
Swiss private bank Julius Baer Group has agreed to pay German authorities EUR50m to close a tax probe over…
ByTactico acquires money-management firm Westmount Markets
Canadian financial services advisory firm Tactico has acquired Montreal-based money-management firm Westmount Markets.
ByPointon York acquires two SIPP companies from EFG Private Bank
Pointon York SIPP Solutions, a wholly owned subsidiary of Pointon York Group, has acquired two self?invested personal pensions (SIPP)…
ByDeutsche Bank Private Wealth Management appoints new head of capital markets for Americas
Deutsche Bank Private Wealth Management (PWM) has appointed Durraj Tase as a managing director and head of capital markets…
ByClose Brothers to buy Cavanagh for £26m
Investment banking and fund management group Close Brothers has agreed to buy financial advisers Cavanagh for around £26m.
ByMorgan Stanley opens Private Wealth Management branch in Chennai
Morgan Stanley has opened a Private Wealth Management (PWM) branch in Chennai, its second location in South India.
ByDST Global Solutions releases new version of Bluedoor wealth management system
DST Global Solutions, a provider of Investment Management software and services, has released new version of its Bluedoor wealth…
ByFisher Funds to buy KiwiSaver business of Huljich Wealth Management
New Zealand-based funds and investment manager Fisher Funds has agreed to buy the KiwiSaver business run by Huljich Wealth…
ByRothschild appoints new head ultra wealthy clients division
Rothschild Private Banking & Trust has appointed Riccardo Petrachi as head of its ultra high net worth clients division,…
ByEaton Vance acquires assets of Pelican Investment Management
Eaton Vance has acquired the assets of Pelican Investment Management, a wealth and investment advisory services firm.
ByBlackRock appoints new head of US & Canada Institutional business
BlackRock has appointed Edwin Conway as managing director and head of the company's US and Canada Institutional business within…
ByUS Capital Advisors appoints new managing director
US Capital Advisors, a Texas based provider of wealth management solutions to high net worth individuals and institutional clients,…
ByLift-Financial buys Edinburgh-based Balfour Wealth Management
Chartered financial planning firm Lift-Financial has acquired Edinburgh-based Balfour Wealth Management for an undisclosed amount.
ByAustralian fund manager outsources middle office services to Northern Trust
QIC, an Australia-based investment solutions provider, has outsourced its middle office functions to Northern Trust, while retaining incumbent custodian…
ByBank Julius Baer & Co appoints new COO
Swiss private banking group Bank Julius Baer & Co has appointed Bernhard Hodler as its new chief operating officer…
ByMaples Fund Services enhances services offering with Advent Software
Maples Fund Services has implemented Advent Software's global portfolio management and fund accounting solution, Geneva, to provide enhanced services…
BySEI launches new range of investment solutions for UAE investors
SEI has launched a new range of investment solutions, the SEI Global Strategic Portfolios, specifically for United Arab Emirates-based…
ByUnion Bank of India mulls venturing into wealth management business
Union Bank of India is mulling to venture into the wealth management business in partnership with a foreign player,…
ByAXA Wealth strengthens offering to independent financial advisers
AXA Wealth International has further strengthened its offering to independent financial advisers by launching a range of tax intelligence…
ByMiles Software launches latest version of its wealth management solution
Miles Software has released new version of its wealth management solution (WMS), MoneyWare WMS, which is now Platform Ready…
ByS&T Wealth Management forms strategic alliance with Heritage Trust Company
S&T Wealth Management, part of Pennsylvania-based S&T Bank, has formed a strategic alliance with Heritage Trust Company, a firm…
ByAdviser Investments and Kobren Insight Management to merge
Boston-area independent advisory firms Adviser Investments and Kobren Insight Management have joined forces to create a new independent wealth…
BySunGard launches wealth management regulatory and risk consulting practice
SunGard has launched a Regulatory and Risk consulting practice as part of its Wealth Management Global Services.
ByDubai Bank introduces Royal Banking service for premium customers
Dubai Bank has introduced Royal Banking, a new wealth management solution for premium customers who seek customized solutions and…
ByNorthern Trust strengthens wealth advisory team in Northeast
Northern Trust, a provider of financial services for institutions and affluent individuals, has expanded the capabilities and increased advisory…
ByRBS coutts hires new head for NRI, South Asian business
RBS Coutts, the international private banking arm of the Royal Bank of Scotland Group (RBS), has hired Santosh Keni…
ByBanyan Partners buys Colonial Wealth Management
Banyan Partners, an investment adviser, has acquired Boston-based independently owned, wealth management firm Colonial Wealth Management.
BySEI Investments extends middle-office services
SEI Investments Company has extended its array of middle-office services by enhancing its asset pricing and valuation validation solution…
ByMariner Wealth Advisors acquires CBIZ Wealth Management
Mariner Wealth Advisors, a US-based the wealth management firm, has acquired the individual wealth management firm formerly associated with…
ByStandard Life Wealth opens office in Birmingham, UK
Standard Life Wealth, a provider of investment management services and a subsidiary of Standard Life, has opened a new…
ByRBC completes acquisition of Fortis Wealth Management Hong Kong
Royal Bank of Canada (RBC) has closed the acquisition of the wealth management business of Fortis Wealth Management Hong…
ByJulius Baer obtains banking license from Hong Kong regulator
Switzerland-based private banking group Julius Baer has received a banking license from the Hong Kong Monetary Authority, allowing the…
ByBank Sarasin appoints new chief investment officer Asia
Switzerland-based Bank Sarasin & Co has appointed Michael Coglin as a new managing director and chief investment officer Asia.
ByClariden Leu opens representative office in Abu Dhabi
Swiss private bank Clariden Leu has expanded its strategic presence in the Middle East by opening a licensed representative…
ByBMO Harris Private Banking appoints new vice president for Atlantic Canada
BMO Harris Private Banking has appointed Rick Thomson as vice-president & market leader for Atlantic Canada.
ByScotiabank to purchase The WaterStreet Group
Scotiabank has entered into an agreement to purchase The WaterStreet Group, a Canadian multi family office advisory firm, to…
ByUBS appoints new CEO for Americas
UBS has appointed Philip Lofts as CEO of UBS Group Americas and he will be succeeded as Group chief…
ByBNY Mellon Wealth Management launches two new multi-manager strategies
BNY Mellon Wealth Management has launched two new multi-manager strategies, to help grow investors assets amid slow growth, rapid…
ByBNY Mellon swings to Q3 profit
Bank of New York Mellon (BNY Mellon) has reported third quarter income from continuing operations applicable to common shareholders…
ByWunderlich Securities acquires five branches of RBC wealth management
Wunderlich Securities, a Tennessee-based brokerage firm, has completed the acquisation of five private client group branches from RBC Wealth…
ByTroika Dialog appoints new head of Private Banking
Russian investment company Troika Dialog has appointed Catherine Thibaut as head of Private Banking as a managing director.
ByUnion Bancaire Privee appoints new head of banking activities in Luxembourg
Union Bancaire Privee (UBP) has appointed Yves Stein as the head of its banking activities in Luxembourg.
BySociete Generale partners with Copal to strengthen equity research offering
Societe Generale Private Banking has partnered with Copal Partners to strengthen its existing equity research offering, specifically designed for…
ByState Street adds new capabilities to Wealth Connect Platform
State Street, a provider of financial services to institutional investors, has enhanced its Wealth Connect Platform to enable wealth…
ByAspiriant acquires Deloitte Investment Advisors
Aspiriant, a San Francisco-based independent wealth management firm, has completed the acquisation of Deloitte Investment Advisors (DIA), a fee-only…
ByUBS appoints co-chairman, co-CEO of Asia Pacific
UBS has appointed Alex Wilmot-Sitwell as co-chairman and co-CEO of Asia Pacific. He will lead the region together with…
ByCNinsure venture into wealth management business with Shanghai Puyi
CNinsure, a China-based independent insurance intermediary company, has signed a joint venture agreement with Shanghai Puyi Investment Consulting to…
ByBarclays Wealth names new of head of Global Research & Investments Marketing
Barclays Wealth has named Caroline Simko as managing director and head of Global Research & Investments Marketing.
ByBarclays Wealth appoints new head of banking for Americas
Barclays Wealth has appointed David Lewis as managing director and head of banking for Americas.
ByUBS hires new head of Wealth Management Switzerland
UBS has appointed Christian Wiesendanger as new head of Wealth Management Switzerland with effect from 1 October 2010.
ByRBC hires deputy chairman for Wealth Management UHNW – International
Royal Bank of Canada (RBC) has appointed Michael Lagopoulos as new deputy chairman of its Wealth Management, Ultra High…
ByBarclays Wealth makes senior hires in Americas
Barclays Wealth has appointed two senior executives for the Americas, based in New York, as part of expansion in…
ByBarclays Wealth appoints new head of International Direct
Barclays Wealth has appointed Nigel Riley as new head of Barclays Wealth International Direct.
ByBarclays Wealth appoints new head of Banking, Americas
Barclays Wealth has appointed David Lewis as new managing director and head of Banking, Americas.
ByWunderlich Securities to buy five branches from RBC Wealth Management
Wunderlich Securities, a Tennessee-based full-service brokerage firm, has signed an agreement to acquire RBC Wealth Management's five private client…
ByBarclays Wealth expands Investment Advisory team
Barclays Wealth has appointed Sarah Green as new vice president within the Investment Advisory team.
ByBarclays hires new head of Wealth Advisory in Asia Pacific
Barclays Wealth has appointed Thelma Kwan as new head of Wealth Advisory in Asia Pacific.
ByBNP Paribas strengthens Wealth Management team
BNP Paribas Wealth Management has appointed Remi Frank as head of the Ultra-High-Net-Worth Individuals (UHNWI) and Independent Wealth Managers…
ByScotiabank restructures business lines, senior management
Canada-based Scotiabank has reorganized its organizational structure and made a series of executive appointments to capitalize on growth opportunities.
ByLadenburg Thalmann completes acquisition of Premier Trust
Ladenburg Thalmann Financial Services has completed its acquisition of Premier Trust, a provider of wealth management services.
ByBNY Mellon acquires I(3) Advisors in Canada
BNY Mellon has completed the acquisition of I(3) Advisors, a Toronto-based independent wealth strategy company, marking the first wealth…
BySarasin-Alpen receives license from Central Bank of Bahrain
Sarasin-Alpen (Bahrain), the newly created entity of the Switzerland-based Sarasin Group, has received an Investment Business Firm Category 2…
ByUBS hires new head of wealth management Europe
UBS has appointed Jakob Stott as new head of UBS Wealth Management Europe. He will take the responsibility for…
ByStifel Financial Q2 Net Income Increases
Stifel Financial has posted a net income of $21.1m, or $0.60 per diluted share, for the second quarter ended…
ByDrexel Morgan Acquires McCabe Capital Managers
Drexel Morgan & Co, a Philadelphia-based financial holding company, has signed and closed on a definitive agreement for the…
ByCredit Agricole Luxembourg To Acquire Majority Stake In Dresdner Van Moer Courtens
Credit Agricole Luxembourg, Credit Agricole SAs specialised private banking subsidiary, has agreed to acquire the majority of the shares…
ByBarclays Wealth Expands Alternative Investments Origination, Distribution Teams
Barclays Wealth has expanded its alternative investment origination and distribution teams with four new senior appointments.
ByManx Financial Group Acquires Edgewater Associates
UK-based Manx Financial Group has acquired the entire share capital of Edgewater Associates, an independent financial adviser in Isle…
ByHSBC Private Bank Hires New Regional Manager For Bay Area, Northwest Region
HSBC Private Bank has appointed Mark Pittsey as a managing director and regional manager for the Bay Area and…
ByBank of America Appoints New CIO Of Merrill Lynch Global Wealth Management
Bank of America has appointed Lisa Shalett as new chief investment officer (CIO) of Merrill Lynch Global Wealth Management…
ByWells Fargo Expands Elder Services Program To East Coast
Wells Fargo Private Bank, a business within Wells Fargo, has expanded its wealth and life management solution Elder Services…
ByMorgan Stanley Smith Barney Reshuffles US Private Wealth Management Team
Morgan Stanley Smith Barney has appointed managing director James Tracy as chief operating officer (COO) of distribution and development…
ByAspiriant Investment Advisors To Acquire Deloitte Investment Advisors
Aspiriant Investment Advisors, a subsidiary of wealth management firm Aspiriant, has agreed to acquire Deloitte Investment Advisors (DIA), an…
BySociete Generale Private Banking Appoints CEO In China
France-based Societe Generale Private Banking has appointed Hsiao-Yun Lee as CEO of its Chinese operations.
ByBarclays Wealth Appoints New Head For Ultra High Net Worth UK, EMEA
Barclays Wealth, a wealth management division of Barclays, has appointed Stefanie Drews as new managing director and head of…
BySociete Generale Names New Head For Abu Dhabi Representative Office
Societe Generale has appointed Gonzague de Cerval as head of its representative office in Abu Dhabi, which was created…
BySociete Generale Strengthens Latin American Private Banking Team
Societe Generale Private Banking has appointed William Birkbeck as deputy to the global market manager, to strengthen its teams…
ByUBS Wealth Management Americas Partners With Richard Bernstein Advisors
UBS Wealth Management Americas has entered into a strategic partnership with Richard Bernstein Advisors (RBA), an investment adviser to…
ByBarclays Wealth Appoints Head Of London Turkey Team
Barclays Wealth has appointed Cem Pensoy as a senior banker and head of the London Turkey team reporting into…
ByBarclays Wealth, SMBC Form JV To Offer Wealth Management Services In Japan
Barclays Wealth, Sumitomo Mitsui Banking Corporation (SMBC), and Nikko Cordial Securities, a wholly-owned subsidiary of SMBC, have signed a…
ByRHJI Completes Acquisition Of Kleinwort Benson From Commerzbank
Belgium-based RHJ International (RHJI) has completed the acquisition of British private banking firm Kleinwort Benson from Commerzbank after having…
ByCity National Names New VP For Private Client Banking Services In San Francisco
City National Bank, a wholly owned subsidiary of City National Corporation, has appointed Bill Podger as vice president and…
ByHong Kong Securities Regulator Resolves Compliance Concerns With Julius Baer
The Securities and Futures Commission (SFC) of Hong Kong has resolved its compliance concerns with Swiss banking firm Julius…
ByInsight Wealth Launches Wealth Management Firm In Texas
Insight Wealth Partners has launched an independent wealth management and advisory firm, headquartered in Plano, Texas to provide comprehensive…
ByBNY Mellon To Acquire I(3) Advisors
BNY Mellon has signed an agreement to acquire Toronto-based wealth advisory company I(3) Advisors which has more than CAD3.5bn…
ByRBC Acquires Third Party RIA Servicing Business Of JP Morgan Securities
Royal Bank of Canada (RBC) has completed the acquisition of the JP Morgan Securities' third party registered investment advisor…
ByBarclays Wealth Hires New Chief Risk Officer For Asia Pacific
Barclays Wealth, the global wealth management division of Barclays, has appointed Urban Wilde as new managing director and chief…
ByBarclays Wealth Appoints New Chief Investment Officer
Barclays Wealth has appointed Aaron Gurwitz as its new chief investment officer and head of research, economics and strategy,…
ByRothschild Appoints New CEO Of North America
Rothschild Group has appointed Jim Lawrence as CEO of Rothschild North America (RNA). David Rothschild will continue as executive…
ByBarclays Wealth Appoints New Wealth Management Head For Americas
Barclays Wealth has appointed Steve Houston as new head of wealth management for Americas. He assumes the position from…
ByCA Bancorp To Sell Interest In Charter REIT To IGW
CA Bancorp, a Canada-based merchant bank, has entered into an agreement to sell all of its units in the…
ByMorgan Stanley Private Wealth Management Expands Latin American MarketsCoverage
Morgan Stanley Private Wealth Management has hired a team of four investment professionals to serve ultra-high net worth clients…
ByVirginia Commerce Bank Selects Infinex Investments To Enhance Wealth Management Services
Virginia Commerce Bank has chosen Infinex Investments as its new broker-dealer to enhance its offerings of investment solutions. In…
ByPFP Group Selects SEI Investments To Provide Global Wealth Services
PFP Group, a UK-based provider of financial planning and wealth management solutions, has selected SEI Investments Company, a US-based…
ByBNY Mellon Appoints New CEO For Wealth Management Unit
BNY Mellon has appointed Lawrence Hughes as new CEO of BNY Mellon Wealth Management. He will report to Robert…
ByBank Sarasin To Shut Spanish Subsidiary
Bank Sarasin, a Switzerland-based private bank, is set to close down its Spanish subsidiary Sarasin Alen Agencia de Valores,…
BySBI, Societe Generale To Forge Private Banking Partnership In India
State Bank of India (SBI) is reportedly planning to foray into private banking business in partnership with France-based bank…
ByUBS Swings To Profit In Q1
UBS has posted a net profit attributable to shareholders of CHF2.2bn, or CHF0.58 per share, for the first quarter…
ByMorgan Stanley Smith Barney Hires New Head For International Products, Services
Morgan Stanley Smith Barney has appointed Chris Van Aeken as head of international wealth management products and services. In…
ByRBC Launches Advisory, Securities Brokerage Office In Barbados
Royal Bank of Canada (RBC) has launched international investment advisory and full-service securities brokerage office in Barbados, as part…
ByCredit Suisse Opens New Office In Bahrain
Credit Suisse has opened a new Bahrain branch, located at the World Trade Centre in Manama and appointed Khaled…
ByING Bank Switzerland Merges Into Bank Julius Baer
ING Bank (Switzerland) has merged into Bank Julius Baer following the closure of acquisition on 14 January 2010.
ByBarclays Wealth Hires New Head Of London For International Private Bank
Barclays Wealth has appointed Henry Fischel-Bock as head of London, International Private Bank EMEA.
ByCredit Suisse Appoints New Head Of UHNWI Segment For Middle East, Indian Subcontinent
Credit Suisse has appointed Edmond Carton as head of ultra high net worth individuals (UHNWI) segment for the Middle…
ByBarclays Wealth Hires UBS Bankers To Strengthen Team In South Asia
Barclays Wealth, the global wealth management division of Barclays, has appointed three senior bankers to its South Asia team…
ByUBS To Restructure Wealth Management Americas
Troubled by the US tax evasion probe, Swiss bank UBS is planning to restructure its US wealth management operations…
ByAxis Bank Gears Up For Wealthy Indian Business Families
Axis Bank, an India-based private sector lender, in association with Geneva-based Banquee Privée Edmond De Rothschild Europe (BPERE), is…
ByOCBC Bank Acquires ING Asia Private Bank
Oversea-Chinese Banking Corporation (OCBC Bank), a Singapore-based financial services group, has acquired Singapore-based ING Asia Private Bank and its…
ByMorgan Stanley Smith Barney Names New CEO In Australia
As part of building its platform and presence in the Australian market, Morgan Stanley Smith Barney, a global provider…
ByBarclays Wealth Hires New Head Of Credit Structuring, Americas
Barclays Wealth, a global wealth management division and an advisor of UK-based finanical group, Barclays, has hired Anthony Valvo…
ByEncore Bank Hires Two Senior Executives For Private Banking
Encore Bank, a subsidiary of Texas-based Encore Bancshares, has appointed James Lykes as senior vice president, manger and Scott…
ByUBS Hires New Senior Executive For Wealth Management In South Asia
UBS has strengthened its business in South Asia with the appointment of Vinay Gandhi as managing director and country…
ByQatar National Bank Partners With Housing Bank for Trade and Finance
To offer one stop banking solution for Jordanian expatriates in Qatar
ByBarclays Wealth Names New Director For Wealth Intermediaries
To lead the development and expansion of defined payoff savings solutions
ByJulius Baer Appoints New CEO For Middle East Operations
Also appoints four new relationship managers to strengthen the team
BySociete Generale Opens New Wealth Management Office In Bahrain
To offer wealth management services and investment solutions to high net worth individuals based in the Gulf Cooperation Council
ByUBS Releases Medium-term Group, Divisional Objectives
Targets CHF15 billion of annual profit before tax over the next 3-5 years
ByIron Capital Launches Wealth Management Service
To offer financial advisory services to high net worth individuals
ByFormer Wall Street Financial Advisor Launches Celestial Wealth Management
To address the need for independent and unbiased wealth management solutions for investors
ByState Street Expands Wealth Management Services
By adding State Street Wealth Connect solution that provides access to services for the high net worth market
ByMacquarie To Acquire Blackmont Capital
Provides Macquarie with an established and growing Canadian wealth management platform
ByMorgan Stanley Exceeds Q3 Forecasts
Net revenues for the quarter were $8.7 billion, compared with $5.4 billion in the second quarter
ByWells Fargo Reports Record Q3 Profit
Riding on the acquisition of Wachovia, which is adding value to its customers across the North America
ByRBC To Acquire JP Morgan’s Third Party Registered Investment Advisor Servicing Business
Move expands RBC wealth management's advisor services platform
ByUmpquas Wealth Management Expands Services Through Private Bank
THe private bank to work collaboratively with the banks affiliate retail brokerage, Umpqua investments, to offer a integrated approach…
ByTradeStation Launches Prime Brokerage Services Division
To capitalise on the growing need of small and mid-sized hedge funds and investment advisers
ByDeutsche Bank Strengthens Global Prime Finance In New York
To further develop technology offering and ensure its hedge fund clients have the latest tools
ByAmalgamated Bank Launches Capital Services Business
To build a national franchise serving a cross-section of industries that will include consumer, distribution, education, healthcare, industrial, manufacturing,…
BySchroders Expands Fixed Income Services
To coordinate the development of its fixed income client portfolio management capabilities
ByHarris Private Bank Acquires Stoker Ostler Wealth Advisors
Harris also hired two wealth management professionals in the greater Phoenix area
ByAyudhya Fund Management Completes Acquisition Of PrimaVest Asset Management
Has acquired 100% shares of PrimaVest for a total of THB101 million
ByADVISORPORT Renamed As PNC Managed Investments
PNC Managed Investments provides various investment advisory and overlay services including acting as a program sponsor
ByStandard Life Investments Re-affirms Citi As Their Fund Services Provider
Continues to provide principle fund administration and securities services with a new five year arrangement
ByCiti Bags Minerva Capital Management Fund Services Deal
Citi provides with independent hedge fund valuation and administration services
ByBarclays To Offload $12.3b Risky Assets
The transaction with Protium is expected to clean some of the mark-to-market risks it faces and may reduce the…
ByPohjola Bank Group Appoints Citi To Provide Global Custody
Global custody services include performance measurement, compliance monitoring, investment administration and accounting
ByJP Morgan Expands Escrow Services To Australia, Singapore
To help customers manage financial risk associated with a range of business transactions
ByReliance Trust Forms Wealth Management Services In North Carolina
The new joint venture has been started in partnership with several Wilmington business leaders
ByJP Morgan Forms Integrated Prime Brokerage and Custody Group
To serve hedge funds and asset managers seeking a combination of prime brokerage capabilities and securities services
ByNomura Becomes Primary Dealer In India
To access and trade Indian interest rate risk via underwriting and distributing government bonds as well as trading in…
ByDBs ALPS Program Purchases Student Loans From Northwestern University
Packages the loans directly into securities which can be purchased by capital markets participants like Deutsche Bank, providing a…
ByHSBC Patners Markit
To produce additional regional research that will facilitate an understanding of the fast growing emerging markets
ByBNP Paribas Investment Partners Joins Forces With Crédit Agricole Asset Management
BNPP IP acquired 49.96% of Fund Channel, to create an European provider of fund distribution services
ByNew York Federal Reserve Opts For WCG Services
For the Term Asset-Backed Securities Loan Facility (TALF)
ByBNP Paribas Names Head Of US Convertible Securities
Mr. Edwards was recently US deputy chief investment officer for the KBC AIM hedge fund
ByIkano Fund Management Opts Services Of BNY Mellon
To provide derivatives collateral management services via its DM Edge platform
ByCitigroup Sells Interest In Three Credit Card Portfolios
To bring long-term profitability and growth
ByNomura Expands Services In Australia
By appointing three senior bankers
ByMorgan Stanley Names New Head For Middle East Investment Banking Unit
The US-based bank wants to captalise on the opportunities and merger and acquisition deals coming in the region
ByCredit Suisse Launches Equities Fund Dedicated To MENA
Credit Suisse has so far raised $40 million for the fund from institutional and private discretionary clients
ByStandard Chartered Reshuffles Financial Markets Sales Team
To build market leadership, grow the business and provide clients with value-added solutions
ByUS, UBS Agree To Settle Tax Evasion Case
UBS clients can appeal to a Swiss tribunal before their account information is handed to US tax collectors
ByOppenheimer Continues Expansion Of Investment Banking
Mr. Thompson makes a return as head of Software Banking in Tech & Telecom
ByBNY Mellon Appoints New Country Head For India
Appointed Navneet Singh as country executive for India and chief representative of the company
ByMacquarie Q1 Operational Performance Picks Up
Decides to maintain a cautious stance with a conservative approach to funding and capital
ByCommerzbank To Sell Dresdner Bank’s Swiss Subsidiary
Wants to concentrate on core markets and reduce risks
ByUBS Appoints New Global Heads For Prime Brokerage, Exchange-Traded Derivatives
Both appointments are effective September 1, 2009
ByHatteras Funds To Acquire AIP Mutual Funds
Looks to expand firm's alternative investment solutions for financial advisors with Mutual Funds of Hedge Fund Strategies
BySolamere Advisors Launches In Charlotte
To offer asset management services and manage all aspects of family wealth, including generational wealth planning, investment, fiduciary, trust…
ByBNY Mellon Adds New Feature To Its Web Portal
To meet the complex risk and credit requirements of clients
ByBMO Investments To Merge With Guardian Group Of Funds
To operate under a single entity for more streamlined organizational structure and provide administrative and cost benefits.
ByPiraeus Bank, BNP Paribas Wealth Management To Create Global Wealth Management
Plans to create two new joint ventures, one in Greece and another in Switzerland
ByFirst Citizens Capital Management Selects FundQuest’s Capital Manager
This platform features a detailed picture of a client's financial position.
ByUBS Investment Bank To Continue Association With Abacus Analytics
UBS arrangement with Abacus will include joint marketing to investors as well as research collaboration with its quantitative research…
ByMorgan Stanley, Citi Joint Venture Hits Gridlock
Even though the joint venture began well ahead of its schedule, integrating information technology systems is going to take…
ByGrupo Financiero Banorte Appoints Bank of New York Mellon As Depositary Bank
GFB seeks to utilise BNYMs resources to develop a long and mutual beneficial partnership.
By