4 articles found within the last year.
Displaying results 1 - 4
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News analysis: a year of change in asset management
Twenty of the world's biggest asset managers at ... Watson Wyatt's survey, which is published in association ... Not all firms suffered to that extent. Japanese ... Overall, however, Carl Hess, global head of investment ... But the industry's fortunes have recovered slightly in...
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Lloyds to consolidate asset management, sell Insight Investment
The UK's Lloyds Banking Group on Wednesday said ... The bank is undertaking a large-scale revamp after ... The takeover of HBOS, a big mortgage lender ... Lloyds Banking Group is now the largest bancassurance ... Investment management of the funds from Halifax and ... The rest of Insight Investment -- an external...
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Bank of New York Mellon profit falls 43%
Bank of New York Mellon reported on Wednesday ... While Bank of New York Mellon managed to ... The asset manager and securities adviser reported earnings ... Excluding items, earnings fell to 57 cents from ... Assets under management fell 17% amid the stock-market ... Meanwhile, the company's credit-loss provisions more than quadrupled...
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Family offices wake up to custody
Before large banks started going bust and top-performing ... Custody – essentially the safekeeping and administration of ... took care of for a minimal fee. ... The danger of ignoring custody was highlighted by ... Even before Madoff ’s alleged Ponzi scheme was ... Having a separate asset manager and custodian bank...
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