151 articles found within the last year.
Displaying results 81 - 100
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Clients’ expertise more important than wealth advisers in boosting returns
Returns claimed by independent financial advisers are boosted ... The researchers processed more than 32,750 German client ... Publishing under the auspices of the Centre for ... They perform a service that parents themselves could ... “They charge for it, but observed child achievement...
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News Analysis: Steel departs a healthy JO Hambro
Andrew Steel, the departing chief executive of JO ... Steel, who joined the group in 1994 and ... JO Hambro, which manages assets for private clients ... The 19% drop compares with an 18.2% fall ... Despite the fall in assets, the company cut ... The accounts, which were signed off in April,...
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Rich families question wealth advice
A revolution is brewing for the wealth management ... Mofidi, who was a managing director and head ... Global Wealth Management plans to open an office ... He predicted the fallout from the financial crisis ... “Families used to take comfort in size. But ... According to Faranak Foroughi, founder of Tharwa Management...
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Investment manager hires former Stanford team
A US investment manager has hired three former ... Baird, which runs practices including private equity and ... Vollen worked at Stanford Group from April last ... US regulator the Securities and Exchange Commission filed ... Federal agencies had had Stanford on their radars...
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Schroders and StanChart said to be in frame for Kleinwort Benson
Commerzbank could offload its Kleinwort Benson Private Bank ... Kleinwort Benson has “a road map to achieve...
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Asset allocation: the private bankers’ view
Private banks did not exactly cover themselves in ... Wealthy clients also have to take some of ... To shed more light on the asset allocation ... Private banks are tending to be optimistic on ... Wealth managers are cautiously optimistic over the prospect ... Alan McIntosh, chief investment officer at Cheviot Asset...
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Merrill's wealth strategist leaves for Dubai job
The chief investment officer of Bank of America ... Gary Dugan is stepping down to become the ... His exit comes as the US bank reveals ... Dugan joined Merrill Lynch from Barclays Wealth in ... He stressed: "My departure from Merrill was amicable, ... A spokeswoman for Bank of America Merrill Lynch...
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Governments put squeeze on wealthy
Two weeks ago the UK Chancellor announced he ... The battle to close the fiscal gaps that ... The UK was among the first to start ... Ronnie Ludwig, a partner at private client accountancy ... But the options for the rich to participate ... Even Switzerland, one of the most recalcitrant of...
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Private banks fall out with entrepreneurs
It seems private banks have fallen out of ... “Entrepreneurs have been seen by banks as a ... The problem is that until success arrives, and ... Ian Marsh, chief executive of Credit Suisse private ... Indications of how widespread this activity was emerged ... The rapid retreat from lending by many banks...
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Luxury labels go east
English may be the art world’s lingua franca ... She said Hong Kong was important as the ... In January, luxury goods company Richemont, which owns ... The story could have been worse. While the ... This trend looks likely to continue. Although the ... While a “made in China” label may be...
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After the credit crisis it’s the Not-So Rich List
It may not feel like a great time ... According to the annual Sunday Times Rich List, ... The number of billionaires on the list fell ... The financiers’ fortunes also compared favourably with the ... Philip Beresford, who compiles the annual Rich List, ... Across the board, super-wealthy hedge fund managers, such...
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Wealth managers follow the money
The world’s super-rich suffered losses of about $10 ... It would seem that those from newer, less ... Chris Meares, chief executive of HSBC’s private bank, ... Only three countries have remained immune to the ... Although emerging markets have fared slightly better than...
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Vestra steps up hiring spree to boost growth
Advisory boutique Vestra Wealth is stepping up its ... Nearly a year after founder David Scott raided ... Vestra has grown assets under management to £500m ... One of them is Jonathan Chenevix-Trench, former chairman ... Paul Hammond used to be head of equity ... One of the backers said: “I can confirm...
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Clients pull $236m a day from Morgan Stanley's funds arm
Investors pulled an average of $236m (€182m) a ... Morgan Stanley Investment Management managed $356bn at the ... The slump was fuelled by a combination of ... Morgan Stanley said this was mainly due to ... The division reported a pre-tax loss of $559m ... Net revenues were also down compared to last...
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Citi Private Bank Names Deepak Sharma Chairman
Citigroup named Jane Fraser chief executive and Deepak ... The struggling banking giant, which is in the ... Fraser, currently global head of strategy and mergers ... "Jane's invaluable strategic and business management prowess will ... Fraser joined Citi in 2004 as the head...
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40% of contemporary art fails to sell
The top end of the contemporary art market ... The number of unsold contemporary works at auctions ... The market will be tested next month when ... The three pieces that fetch more than $1m ... The collapse in sales is even more pronounced ... Contemporary art prices have plunged 28% since their...
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Coutts chief executive departs for RBS post
The chief executive of UK private bank Coutts ... Sarah Deaves is leaving Coutts, the UK’s second-oldest ... Coutts’ lofty status as private bank and wealth ... In her new role, Deaves will be responsible ... She had spent seven years at the helm ... John Baines, chief executive, RBS wealth management said:...
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UBS to cut about 2,000 in US wealth management
UBS plans to cut roughly 2,000 jobs in ... The layoffs, expected to occur next week, are ... The cuts in the US are expected to ... Last Thursday, UBS Wealth Management US head Marten ... In the US, UBS had 8,182 financial advisers ... In March, UBS said it would sell up ... Shares of UBS recently traded up 21 cents,...
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Cazenove Capital bucks the trend with £1bn inflow
An uncharitable description of Cazenove Capital Management might ... Far from being orphaned, it has enabled Cazenove ... The firm added £1bn (€1.1bn) of new business, ... Revenues rose 29% to £108m, with earnings before ... When Ross arrived as chief executive from HSBC...
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Private bankers face bleak future
After suffering bonus cuts of 30% to 40% ... Taking account of the market slump, analysts say ... The pot would fall further after stripping out ... The slump has reduced ad valorem fees earned ... Retrocession payments that asset managers make to private ... Structured product sales, which used to attract a...
