151 articles found within the last year.
Displaying results 21 - 40
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Morgan Stanley Global Wealth Mgmt Posts 3Q Profit
A rising stock market helped Morgan Stanley Global ... However, the joint venture lost 284 advisers and ... During a third-quarter conference call with analysts, Morgan ... Several hundred Smith Barney brokers left the firm ... Kelleher said that "attrition primarily in the lower...
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Newton deputy CEO joins ex-colleagues at Veritas
The deputy chief executive of £35bn (€39bn) funds ... Mark Rayward will be responsible for the UK ... Rayward had responsibility for private clients and charities ... Rayward, who left the company this week, will ... A spokesman for Newton, which was named equity ... Jamie Korner, in charge of the charities division,...
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Well-heeled give funds a leg-up
Sales to wealthy investors pushed the total funds ... Total sums raised eclipsed the net €100bn achieved ... About 80% of purchases logged in the latest ... Bill O’Neill, portfolio strategist at Merrill Lynch Global ... Mackay said redemptions had been low, although she...
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Emerging markets to boost wealth staffing levels
Recruitment consultants believe emerging markets are likely to ... Stephen Heal, managing director of London-based wealth management ... This is due to the banks concentrating on ... Heal said about two thirds of his business’s ... The prediction follows last week’s news that about...
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Banks suffer as wealthy change their tactics
The largest banks have suffered a collapse in ... The trend, partly resulting from mistrust of banks, ... Data provider Lipper FMI said sales of funds ... Deutsche, Barclays, JP Morgan and KBC were the ... In the 2005 six-month period, a big bank ... Data supplied by Lipper FMI showed banks had...
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Art funding feels the credit crunch chill
This week, around 60,000 of the world’s well-heeled ... Some visitors will be big collectors like Roman ... But behind their glittering façades, galleries are suffering ... This change in fortune reflects that of the ... Even works by artists such as Damien Hirst ... Nearly half of the UK’s arts organisations experienced...
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Investors seek dynamic performance from asset allocation
Investors are becoming keener to gain access to ... Andrew Knott, partner at multi-family office MaxCap Partners, ... MaxCap did well over recent years, producing an ... Knott said investments made by large private banks ... A survey produced by advisory firm My Private ... The sample of funds used in the survey...
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Wealthy piece together new ways to sweat their assets
Caught by the worst recession in a generation, ... Fabrizio Harper, a director at fractionallife.com, a fractional ... The number of global individuals seeking to rent ... The rental market is also booming, at least ... A spokesman for YachtPlus, architect Norman Foster’s London-based...
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End of the tax haven vacation
From Aruba to the British Virgin Islands, offshore ... The Organisation for Economic Co-operation and Development demanded ... City of London minister Lord Myners told Financial ... However, Derek Adler, director at Ifina, a fund ... Marc Seimetz, partner at law firm Dechert in...
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UK tax authorities cast net wider for offshore money
The UK tax authorities are upping their efforts ... Ronnie Ludwig, a partner at private client accountancy ... Tax avoidance schemes are often constructed to avoid ... In recent months, Revenue & Customs has been ... The move comes at a time when the ... The UK has signed about 20 of these...
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Myners tells UK to grab offshore funds
Treasury minister Lord Myners has called on custodians ... In an interview with Financial News, Myners said ... He said: “I see this as a significant ... Tax havens have been targeted by the G20 ... Meanwhile, the advantage of domiciling a fund in ... The UK Government this year set up the...
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BNY Mellon Wealth Management hires new head of New York office
BNY Mellon Wealth Management, which was last month ... Doris Meister started last month at the wealth...
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UBS appoints three senior bankers in Singapore
Swiss bank UBS has hired three senior bankers ... Yeong Phick Fui starts as managing director and ... Daniel Harel starts as managing director and head ... Peter Kok joins as regional market manager for...
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The hills are alive… with luxury properties
Super-luxury property developments are taking root across the ... A development of two and three-bedroom luxury apartments ... The €225m Du Parc project will involve the ... The project has 60% backing from Switzerland’s fourth-largest ... Nearby in Vevey, a six-bedroom lakeside manor in...
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Switzerland prime property booms as wealthy move in
There is a well-worn legend that a labyrinth ... Switzerland’s 26 cantons are attracting more high net ... Zurich and Geneva score high in surveys that ... Nicholas Barnes, director of London-based independent property consultant ... “Prime property prices have actually increased 5% every...
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Art and money: The City's top five donors
London Mayor Boris Johnson this week appealed to ... The head of buyout firm Blackstone’s mergers and ... The founder and co-chief executive of hedge fund ... The retired founder of venture capital firm Apax ... Bank of America Merrill Lynch's president for Europe, ... The former head of UK investment banking at...
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No future for forecasts at Lombard Odier
In a determined bid to reinvent its investment ... Unlike other managers, Paul Marson, appointed investment chief ... “People make them because it feels good to ... Marson quotes philosopher Bertrand Russell: “The demand for ... He argues that earnings, and hence share prices,...
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BNP Paribas Wealth Mgmt Names New Head For Hong Kong, N Asia
BNP Paribas S.A.'s wealth management business said Wednesday ... Dana, who is currently regional manager of Switzerland, ... Dana will report to Serge Forti, Asia-Pacific chief ... -By Ellen Sheng, Dow Jones Newswires; 852-2832-2336; ellen.sheng@dowjones.com...
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Female business angels urged to go where they have feared to tread
Deborah Meaden, the lone female on the BBC ... Meaden is among the 4,000-plus women with more ... Anna Sofat, founder of Addidi, the UK’s women-only ... She said: “Women prefer tangible investment like property, ... Addidi’s club is seeking to change that. The ... The minimum investment is £20,000. Sofat has attracted...
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Art for art’s sake
One morning in 1494 the residents of Florence ... No one, of course, has any idea what ... The relationship between wealth and art, or patron ... Nowadays, when contemporary artists are treated like rock ... Calvert 22 was the latest not-for-profit gallery to ... The gallery’s first show, a group exhibition entitled...
